Global energy watchdog warns against Russia sanctions ...News

The crisis will have huge consequences for the global economy, IEA says Western sanctions against Russia and Moscow’s retaliatory measures will have big implications for the global energy market, Fatih Birol, Executive Director of the International Energy Agency (IEA), said in Vienna on Friday. “I believe that we are in the middle of the first global energy crisis. In the 70s we saw the oil crisis, which had great consequences for the economy and inflation. But then it was only oil,” he said. “Let’s remember that Russia … is the world’s number one oil and natural gas exporter, as well as a major player in the mark

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