Geopolitics: Energy price surge in Europe

This week started with an announcement by Russia that it will cut off gas supplies to Europe indefinitely and the unfortunate, sad truth is that Africa will feel the ultimate pinch of this.

Let’s give this context: the economic sanctions imposed by European nations are deemed punitive by Russia which has now closed the taps on the Nord Stream 1 which is the main gas pipeline to Europe. Unfortunately, this is occurring at the beginning of winter and thereby puts Europe in a position of duress to either give in or fight further while finding remedies for their people. This is the biggest energy crisis that Europe has faced for decades when already this supply was volatile even before the war began.