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Cutting Off Russia Risks Recession for Austrians Hooked on Gas

  • OMV says it underestimated risk of doing business with Kremlin
  • CEO Stern warns turning off taps quickly may trigger recession
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CSIS Senior Fellow Ben Cahill on Energy Security

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Cutting Russian natural gas flows will be painful at best and recessionary at worst, according to the head of the Austrian company that’s been importing the fuel for longer than any other in western Europe.