Europe | Uncomfortable truths

It is tempting to blame foreigners for Europe’s gas crisis

The main culprit is closer to home

“RUSSIA IS ABOUT bears now, it’s not about bullies.” So joked Sergei Ryabkov, Russia’s deputy foreign minister, this week, speaking about the crisis in Europe’s natural-gas market. His country favours stability and lower prices over runaway prices, he insisted: “We would prefer to have here a bear market.”

This article appeared in the Europe section of the print edition under the headline “Uncomfortable truths”

The energy shock

From the October 16th 2021 edition

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