Russian President Vladimir Putin’s offer to set up a “gas hub” in northern Turkey grabbed headlines following his meeting with Turkish President Recep Tayyip Erdogan, but the offer, which has been under discussion for over a decade, amounts to little more than window dressing.
Exports of Russian gas to Europe have dropped to a fraction of normal levels, and with Moscow warning, or more accurately threatening, further cuts, much of Europe is facing the likelihood of widespread gas and power cuts.
