EUROPE NEEDS RUSSIAN GAS

Bloomberg writes that negotiations are underway in Europe to maintain gas supplies from Russia through Ukraine.

Europe has tried to abandon Russian gas, but several Eastern European states continue to receive it through the pipeline. And since the transit period expires at the end of this year, a number of representatives of the European government and companies are negotiating with their Ukrainian counterparts to try to ensure the supply of gas next year, as they try to minimize damage in the current confrontation.