Russia Cuts Off Gas Deliveries to Ukraine
The Russian energy giant Gazprom shut natural gas deliveries in a move that could spell shortages for Europe.
Meanwhile, American International Group, the big insurance company, is seeking a $40 billion bridge loan from the Federal Reserve, as it faces a potential downgrade from credit ratings agencies that could spell its doom, The New York Times reported.
Definition
bridge loann.
A short-term loan intended to provide or extend financing until a more permanent arrangement is made.
spell (RESULT) Show phoneticsverb
spell disaster/trouble, etc. to cause something bad to happen in the future:
The new regulations could spell disaster for small businesses.
This cold weather could spell trouble for gardeners.
spell trouble
to suggest that there may be problems in the future:
The latest opinion polls spell trouble for the government.
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