Yes, Europe would be hit very hard. Especially countries like Germany and my home country Austria. That being said, it’s like being evicted from your apartment on very short notice. It’s an extremely stressful situation and everyone hates it. But you are going to cope one way or another. And often you find that some alternatives you did not think of before are not so bad after all. Putin seems not to understand that sleeping dogs should better be left to doze on. This is the wrong dog to be awoken.
Europe is doubling down on their renewable energy insanity, despite Russia’s President Putin threatening at any moment to permanently shut down Europe’s gas supply.