US sanctions against Gazprombank threaten to cut off the last remaining routes for Russian pipeline gas, the outlet warns Europe is on the brink of a new energy crisis, as rapidly depleting gas reserves and potential supply cuts from Russia threaten to exacerbate an already difficult situation, according to Bloomberg. In an article on Saturday, the outlet analyzed the situation in the region in the wake of US sanctions against Gazprombank, Russia’s primary bank for energy-related transactions.