Europe Energy Crisis
The ongoing Russia-Ukraine conflict and the associated sanctions on Russia have already had immense impact on global financial markets and energy prices, particularly in Europe. To make it even worse, in response to sanctions, Moscow has asked unfriendly countries to pay for Russian gas in rubles.
It appears that the West will be facing great difficulty which it will not be able to circumvent and the economic standoff with Russia is expected to raise the risk of recession in Europe.
In this edition, Spotlight interviews Harley Schlanger spokesman of Larouche Organization from Potsdam of Germany and Paolo Raffone secretary general of CIPI Foundation from Brussels to look at the impact of Russia-Ukraine conflict on EU economy.
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