The European Commission doesn't exclude a complete cut in Russian gas supplies, executive vice president at the European Commission Valdis Dombrovskis told reporters ahead of a meeting of finance ministers.
Speaking to CNBC, Dombrovskis said the working assumption does not include a complete cut in Russian gas supplies in the coming months. However, this is “not a risk which we can exclude,” he said.
“Clearly, we are preparing at the EU level, but also EU member states are preparing also, for this eventuality,” Dombrovskis said.
The commission is due to outline suggestions next week for how EU countries should prepare for the winter amid reduced gas supplies from Russia.
