Sanctions, falling oil prices, and poor structural economic policy point to a bad year.

As winter approaches in Ukraine, the West doesn’t even appear to have a humanitarian plan ready.

With Russia no longer supplying it with natural gas, Ukraine is now relying on its other European neighbors to reverse their own gas flows and help make up the massive energy shortfall. This winter looks to be a cold one for Europe.

Gazprom’s CEO warned Europe to expect disruptions to its gas supply this winter, when demand is highest. This conflict isn’t over yet, not by a long shot.