Soaring energy prices cost EU $1 trillion – Bloomberg ...News

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Soaring energy prices cost EU $1 trillion – Bloomberg
The estimated drain is reportedly just the start of deepest energy crisis in decades EU member states have spent roughly a trillion dollars (€940 billion) in the face of the bloc's worst energy crisis in decades, Bloomberg is reporting on Sunday, citing calculations based on market data. Soaring energy prices have sent its economies plunging into recession as most member states opted to stop importing gas from Russia, facing the necessity to turn to more expensive supplies. The agency highlighted that the total estimated losses marks just the beginning of a full-scale crisis, as a period of high prices for energy

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