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How Putin’s plans to blackmail Europe over gas supply failed

 


The worst-case scenarios piled up over the summer months. Germany’s economic minister warned of “catastrophic” industrial shutdowns, fraying supply chains and mass unemployment. France’s president urged citizens to turn down the heating. Spain asked why countries that hadn’t got hooked on Russian gas should bail out neighbours who had lectured them about fiscal discipline in the past.

Former Russian president Dmitry Medvedev, meanwhile, gleefully predicted that Europeans would be “freezing in their homes” because they hadn’t thought through the consequences of throwing their support behind Ukraine. “The cold is coming soon,” he said, menacingly, in June last year.

But as the European Union enters the last month of the meteorological winter in 2023, signs are becoming clearer that its members have weathered an historic crisis – and not just because “General Frost” has proved a milder adversary than Medvedev predicted.

Within eight months of Russian troops setting foot on Ukrainian soil, the bloc of 27 European states replaced about 80% of the natural gas it used to draw through pipelines with Russia, by rapidly building up new infrastructure for liquid natural gas, finding creative ways to help each other out amid shortages, and successfully pursuing energy-saving policies.

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