Washington-SANA
The US Bloomberg Agency announced that the cost of Europe's abandonment of Russian gas within the framework of its sanctions against Russia amounted to one trillion dollars, warning of Europe's exposure to a sharp economic downturn.
The agency said: This cost is caused by high electricity prices for European companies and consumers, noting that the tense situation over the supply of liquefied gas to Europe will continue at least until 2026.
The agency predicted that this is only the beginning of the largest energy crisis in recent decades, as after the winter the gas stores will be empty and in conditions of minimal Russian gas supplies, it will be difficult to fill them.
In turn, Bloomberg analysts considered that if gas prices in the European Union rose again to 210 euros per megawatt hour, Europe would face a sharp economic downturn instead of recession.
