The situation in the EU worsened in the summer of 2022, when the first disruptions in gas supplies from Russia appeared.
The cost of aid from European countries to households and companies from a sharp increase in energy prices has grown to nearly 800 billion euros. This was reported by Reuters on February 13, citing the Belgian Bruegel Institute.
According to him, since the start of the increase in fuel prices in September 2021, EU countries have provided 681 billion euros in subsidies to households and companies to cover their electricity costs. In particular, Germany allocated 268 billion euros for these purposes, Great Britain – 103 billion euros, and Norway – 8.1 billion euros.
According to Fatih Birol, Executive Director of the International Energy Agency, the world is experiencing an unprecedented energy crisis. Europe is at the center of this energy crisis.
Remember, according to Bloomberg experts, the energy crisis in Europe will last at least until 2025.
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Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.