JPMorgan, Deutsche Bank, and other major European banks are turning off hot water, stopping fountains, and using diesel generators as Russia chokes energy supply

Major banks in Europe are implementing measures in the workplace to cut down on energy use.

The Kremlin shut off its natural-gas flow to Europe via the keyNord Stream 1 line last week and said it wouldn't reopen it until the West lifts sanctions against Moscow.

Global banks in Europe have begun to cut back on their energy use in preparation for possible rationing and power cuts during the winter, according to a report.

A person with knowledge of the matter said that the company's locations in Europe have carried out power outage simulations. If the situation gets worse, the US bank could use diesel generators to keep some offices open.

The publication was told by the bank that it was going to switch off lit-up advertising and branch lighting.

The lights in the office will be turned off overnight and decorative features will be stopped using energy. The insurer said it would close the company gym if the energy crisis got worse.

Euronext said it had back-up generators in place and had reexamined its energy usage since the start of the war.

UniCredit, one of Italy's largest banks, has power supply from two independent power stations that can provide energy to two of its data centers.

The bank has taken steps to protect itself.

The companies mentioned in the article didn't reply to the request for comment.

Banks are cracking down on power use this year.

Measures have been put in place to prevent energy shortages. Private swimming and bathing pools are not allowed to be heated in Germany andFinland.