Prices for imported energy in Italy have soared more than 70% year-on-year The price of imported energy in Italy rose in March by 72.5% on a yearly basis, the National Institute of Statistics (ISTAT) reported on Tuesday. Data showed that the increase in energy prices accelerated by 5.6% compared to February. Italy, which relies heavily on Russia for its energy needs, has seen its growth outlook deteriorate sharply since the introduction of Western sanctions against Moscow. The economy contracted by 0.2% in the first quarter from the previous three months. The government expects much lower growth this year amid ris
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