European gas prices have jumped after Vladimir Putin abandoned a key pipeline transporting the fuel through Ukraine. The benchmark gas price for the Continent rose by more than 2pc to around €47 (£39) per megawatt hour on Friday, the highest level seen for three weeks. It followed remarks by Putin that there was no longer enough time to strike a new contract for moving gas through Ukraine before the year’s end, when a current agreement expires. In a televised briefing … read more »
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