Alfred Camer, the director of the European Monetary Fund, issued a warning that freezing off Russian gas supply to Europe will have severe economic effects in addition to the impending winter.
“A chilly winter and the full supply of Russian gas to Europe will make it necessary to legalise gas usage, which will cause overall losses. GDP reaches 3 % in some countries of Central and Eastern Europe, and a new joke in inflation rates throughout the continent.
In the current environment, he continued, the European authorities have significant obstacles and difficult choices on the political front; they must lower inflation, assist vulnerable families, and enable financially sound businesses to get through the energy crisis. Compared to 2021, Russian gas supplies to Europe decreased by more than 80 percent, energy prices rose sharply, and it is unlikely to return soon to the level it was before the start of the Russian military operation in Ukraine.
“Refers to Tas.
The International Monetary Fund issues a warning about the effects of fully utilising Russian gas supplies.
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