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European Union leaders at a summit meeting last week made a commitment to cut their dependence on Russian gas. The Ukraine crisis has highlighted the issue: About 30 percent of the gas the Union consumes comes from Russia. What’s more, the European Union is better placed to withstand a disruption of gas supplies than it was in 2009 when Moscow last cut off gas supplies to Kiev. Back then 80 percent of Russian gas was routed through Ukraine, according to the Oxford Institute for Energy Studies. Now it is around 50 percent, largely because of a new pipeline that connects Russia to Germany through the Baltic Sea. Most of the headlines this coming week will be made by the expected IPO pricing and market debut of King Digital Entertainment, maker of the smartphone game Candy Crush Saga.King is expected to price on Tuesday at between $21 and $24 a share, which would give the whole of the company a market value of up to $7.6 billion, roughly the same as Hasbro, maker of traditional games like Monopoly and Scrabble.King’s stock is then expected to start trading on the New York Stock Exchange on Wednesday, with investors looking for a healthy first day jump in its price. The Treasury Department says Treasury Secretary Jacob Lew will undergo surgery Tuesday to treat a benign enlarged prostate. Treasury spokesperson Natalie Wyeth Earnest said in a statement Sunday that Lew expected to remain at home in New York for the rest of the week. She said his physician expected Lew to be able to return to his full schedule the following week. Lew has headed the Treasury Department for a year, taking over in 2013 from Timothy Geithner, who served as Treasury secretary during President Barack Obama's first term.

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