Russia has cut off natural gas supplies to Poland and Bulgaria, dramatically escalating its response to Western sanctions imposed on Moscow over its war in Ukraine. The news sent US natural gas futures up about 3% Tuesday. European gas prices jumped nearly 20% on Wednesday morning, Reuters reported. In preparation for such a situation, European states reliant on Russian gas have been increasing their stored supplies. Polish gas company PGNiG, for example, says the country’s stores are 80% full.
