European Industries Shut Down Even Before Winter Months Set In

In Europe, crisis has struck. What was expected to happen in the coming winter months has begun already. What are we talking about? Industries shutting down, factories ceasing operations and employees being told their jobs are no longer secure. What is causing the widespread closure of industries across Europe?

The fact that energy prices have soared – making the continuation of operations unfeasible. But that’s not all. While energy prices are indeed soaring, entire industries are now being deprived of natural gas supplies, making it impossible for them to continue manufacturing. European energy-intensive industries depended on Russian gas for their operations.

However, European sanctions against Moscow and EU member states arming Ukraine has antagonised Russia, which has stopped essential natural gas supplies to the continent. Watch to know more.

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Music credits: BNB Productions
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