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Energy Prices in Europe Surge After Russia Slashes Gas Flows

Russia followed through on promises to slash natural-gas flows to Europe, triggering a surge in prices for fuel and electricity that if sustained will hobble the region’s economy.

Moscow is using gas flows as an economic weapon to sow division and unrest among Ukraine’s Western allies. Europe, and in particular Germany, has for years relied on gas produced in western Siberia to generate electricity, fire factories and heat homes.