News > Gas prices in Europe soar 30%, Euro below parity with Dollar as Russia keeps gas pipeline closed
Gas prices in Europe soar 30%, Euro below parity with Dollar as Russia keeps gas pipeline closed
The Free Press Journal | 05/09/2022 04:50 PM | Click to read full article
The price of gas in Europe has soared by as much as 30% after Russia announced it would not reopen its main gas pipeline to Europe. Meanwhile, the Euro fell below 99 cents for the first time in 20 years Monday, after Russia said it would shut off its main gas supply pipeline to Europe indefinitely.
Global stock markets sank Monday as Europe faced a new squeeze on Russian gas supplies. London and Frankfurt opened lower.
