Europe fears widespread economic fallout if Russian gas outage drags on

The Nord Stream pipeline that ferries gas from Siberia to Germany closed last Monday for annual maintenance that is expected to last 10 days. (Photo: AFP) — The Nord Stream pipeline that ferries gas from Siberia to Germany closed last Monday for annual maintenance that is expected to last 10 days. (Photo: AFP)

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6 min read . Updated: 18 Jul 2022, 06:53 PM IST Bojan Pancevski, The Wall Street Journal

Closing the Nord Stream gas link could send shortages rippling through industries including petrochemicals, steel, ceramics and plastics

As a deadline approaches for Russia to resume supplying natural gas to Germany this week, European officials and executives are growing concerned about a cascading economic fallout that would spread across the continent should Moscow keep the tap shut.

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