Europe braces for rationing risks as Nord Stream pipeline closes for three days

Concerns are high that the pipeline outage could get extended

The worst-case scenario would entail a complete cut off of Russian gas to the region and an early cold snap. Picture: Getty

Europe faces the risk of blackouts, rationing and a severe recession if Russia further slashes gas deliveries, and the next reality check is at hand.

A three-day halt of the Nord Stream pipeline - a key source of natural gas for the European Union - started on Wednesday, and concerns are widespread that Moscow will find another excuse to clamp down on supplies, putting the region at the mercy of the weather.

Hours ahead of ...