August 19, 2022
The energy crisis has affected the entire Europe including Germany

The energy crisis has affected the entire Europe including Germany

The entire Europe, including Germany, is standing on the edge of the abyss due to the terrible energy crisis. Economists say gas prices have risen 2 to 7 percent since the war.

Since the supply of gas from Russia decreased for a few days, the government of every country including the EU industry disoriented  the increase in the price of gas.

Since the beginning of the military operations of the Russian forces in Ukraine, the prices of daily necessities have been increasing with inflation due to the reduction in the supply of gas,

oil and coal and other energy sources in the whole of Europe in the last few months.

In the meantime, Europe’s largest and longest pipeline Nordstream 1 gas supply has dropped from only 20 percent to zero percent, so the whole of Europe is suffering from an energy crisis.

Gas prices are increasing. Economists say gas prices have risen 2 to 7 percent since the war. The price of a cubic meter of gas, especially for industrial and household use,

rose to 204 euros per hour, which was only 37 euros before the war. Meanwhile, economists say the crisis will deepen if the EU’s decision to reduce gas supplies from Russia by another 15 percent in the coming winter season  implemented.

The rise in fuel prices in Germany over the past few months has  described  local traders as the most critical period in history.

The government of every country  worried about such a situation as the fall in the value of the euro against the dollar.

In particular, the European Central Bank has to pay extra Euros for importing products from different countries of the world.

Meanwhile, Russian President Vladimir Putin accused the West of using his country’s oil and gas as the main weapon to attack the EU.

Putin also made it clear that if the sanctions imposed against Russia  not lifted, the supply of gas to Europe will be extremely uncertain.🔱