Russia Shuts Off Gas Pipeline to Europe Until Sanctions Are Lifted

The energy crisis in Europe has been worsening. Russia has now turned off its supply of natural gas into the rest of Europe. And Russian officials say the Nord Stream pipeline will stay off until sanctions against Moscow are lifted. Now, there are a lot of ins and outs here. The bottom line is we have seen natural gas supply dwindle. We have seen prices spike, and now we are starting to see European nations really step in a big way to try to help their citizens and help companies with all of these higher costs.

And if you're wondering if you're seeing this news and you're like, why are we talking about this? Keep in mind, companies are global, they're multinational.Theydo a lot of business in the Eurozone and various parts over there. And if thosebusiness are being hurt in term of profits, best believe it's going to be reflected in their overall financial statement and maybe the stock prices.