CNBC's Kayla Tausche joins Shep Smith to report on Europe's looming energy crisis, as Putin threatens to cut off all oil and natural gas supply to the region this winter.

Russia has been hit by global sanctions following President Vladimir Putin's decision to invade Ukraine.

Russian Sanctions

Putin threatens to 'freeze' Europe this winter

Cracks are emerging in the eu's critical efforts to Target Vladimir Putin's warchest EU energy ministers. Held an emergency meeting today, to discuss a proposal to cap how much they pay for Russian gas. No agreement reached and plenty of disagreement 10th negotiations coming. Just days after Putin, himself warned that he would cut off the EU completely. If it went ahead with the price cap. No gas, no oil, no cold, nothing. He said over a Long Winter with the coldest months. Fast approaching that warning appeared to Rattle some of the EU Nations that rely heavily on Russian energy among them, Hungary Slovakia and Austria, ministers representing those countries, expressed fears that their countries would be plunged into a deep recession. We've already seen protest building over inflation across Europe. And in particular skyrocketing energy cost the public outrage bubbling in a way. We haven't seen over the sea. Months of Putin's War. The head of NATO today, acknowledge the alliance will face one of its biggest challenges yet in the coming months or Unity on so that they will be tested with pressure on energy supplies at the store in coastal, living caused by Russia War. But the price we pay is measured in money. What is the price to do? Credit unions are paying is measured in lives. Lost lives everyday meantime, inside Ukraine. The country's military is conducting a remarkable lightning-fast counteroffensive against Russia. President zelensky says Ukrainian forces have recaptured nearly four hundred square miles of land in the South and the North East more on that. In just a moment with journalist Michael Weiss. He's been tracking every inch that Ukraine's clawed back first to CBC senior White House correspondent Kayla tausche, looming. Energy crisis of broad how worried is the White House about this coming winter? Well Chef the by the ministration has acknowledged that Europeans are already shouldering a towering cost from the war in Ukraine. And this winter, they may face difficulty heating their homes or keeping the lights on speaking from Brussels. After meeting with NATO Secretary General Secretary of State, Anthony blanken said the US would help Europe, whether the crisis we will emerge stronger and in a better place. And that's why it's so vital that we stay the course that we stay United. NFC spokesman John Kirby this week set of natural gas which is used to heat homes. See you at the loan has contributed to 30 billion additional cubic meters of natural gas. That's a double what the us pledged to do in March and they're looking for other suppliers as well. That's helped your stock up for the winter storage facilities. Now near 83%. Passing a goal of 80% just by November in France, their 92% full of cording to an official there. But overstocking and rationing may still be required if Russia cut off all supplies. Treasury secretary Janet yelling says that pending price cap, should choose some Revenue over. None They will do much better economically, if they choose to sell into the price cap than if they were to shut in that oil. G7 ago, she ate ours are still trying to recruit more countries to join the efforts to kneecap Russia. And they expect to know more about China and India's positions by the G20, in November president XI and Putin are likely to discuss oil. Next week, when they meet in person and said, even sides heels for lower-priced, oil would still be considered a win.

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Russian Sanctions