World Bank makes prediction on Russian energy replacement ...News

Russia Today - News
World Bank makes prediction on Russian energy replacement
Scaling up alternative energy sources increases the risk of stagflation amid a global slowdown, the lender says Despite accelerated efforts by Western states to wean their economies off Russian oil and gas, it may take years to replace them, the head of the World Bank has warned. “Under current policies global energy production may take years to diversify away from Russia, prolonging the stagflation risk,” David Malpass said at a Stanford University conference on Thursday. The European Union has pledged to abandon Russian natural gas and cut oil imports as part of sanctions on Moscow over the Ukraine conflict. The

Hence then, the article about world bank makes prediction on russian energy replacement was published today ( ) and is available on Russia Today ( News ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( World Bank makes prediction on Russian energy replacement )

Apple Storegoogle play

Last updated :

Also on site :

Most viewed in News