RUSSIA-UKRAINE CRISIS
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One of the many unsettling questions raised by the possibility of a Russian invasion of Ukraine is what an armed conflict in Eastern Europe would do to the energy supply of the countries of the European Union, which have become increasingly reliant on Russian natural gas for electricity generation, industrial applications, and commercial and residential use.
According to the U.S. Energy Information Administration, the countries of the European Union and the United Kingdom imported more than 80% of the natural gas they consumed in 2020, up from 65% a decade before.