The scenarios for “black gold” and natural gas in case of further escalation of the Ukrainian crisis are nightmarish, while the consequences for households and businesses will be serious. At the same time, the government may need it to adjust its designs in case of conflict.
It is indicative that oil prices on Tuesday reached a breath of $ 100 a barrel, and forecasts are “black” for the future. Analysts are talking about oil that will reach 150 dollars per barrel and natural gas that will reach 200 euros per megawatt hour! It is reminded that the peak for natural gas was 180 euros per megawatt hour while now we are in the zone of 75 to 85 euros per megawatt hour. This translates into our pocket with an increase in inflation by 2 percentage points in all developed countries, including Greece.
There will be a fatal barrage of price increases, the bloated bills that businesses and households receive will continue and things will get even worse, and of course growth will decline.
The government’s precision allowance is now being judged by a (Russian) thread, because the money the government plans to give to the weakest need to be set aside for enhanced and extended subsidies for electricity and gas bills.
Russian Security Council Vice President Dmitry and former Russian President ridiculed Chancellor Olaf Solz’s decision to suspend NordStream 2 pipeline certification Dmitry Medvedev.
“German Chancellor Olaf Solz has ordered that the certification process for the Nord Stream 2 gas pipeline be stopped. Welcome to the brave new world where Europeans will pay a lot soon € 2,000 for 1,000 cubic meters of natural gas!» mentions features in his tweet in English and German.
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