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Whether you're new to economics or just want to deepen your understanding, this course covers the basics and connects them to today’s pressing issues—from inequality to public policy decisions.

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Mar 15, 2022

Russia can’t just shut off its natural gas supplies

Forty percent of Europe’s natural gas comes from Russia. And last week, Moscow warned it could turn off the gas to Europe in response to sanctions and Germany nixing the Nord Stream 2 gas pipeline that circumvents Ukraine. But that threat is easier to make than it is to actually carry out. Natural gas production and delivery just doesn’t quite work that way. Plus, Russia’s President Vladimir Putin has signed a law allowing the country’s airlines to hang onto airliners leased from European companies, in violation of international sanctions. Hundreds of leased planes are in limbo.

Russia can’t just shut off its natural gas supplies
Sean Gallup/Getty Images

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Segments From This Episode

  • Russia threatened to shut off its gas taps to Europe. Can it do that?

    by David Brancaccio and Rose Conlon
    If Russia stops sending natural gas to Europe, it'll have to send it somewhere else.
    Odd Andersen/AFP via Getty Images

    If Russia stops sending natural gas to Europe, it’ll have to send it somewhere else.

  • New law allows Russian airlines to keep planes leased from European companies, despite sanctions

    Marketplace’s Nova Safo has more.

Music from the episode

The Team