EU economy suffering from loss of Russian energy

The bloc is losing its competitiveness due to soaring prices, according to the Hungarian PM The EU’s refusal to buy Russian energy has been crippling the bloc’s economic growth, Hungarian Prime Minister Viktor Orban told a plenary session of the European Parliament on Wednesday. Orban, whose country currently holds the EU’s six-month rotating presidency, was addressing the parliament in Strasbourg, France. “EU productivity is growing at a slower pace than that of our competitors. Our share of world trade is declining,” he said. He added that EU businesses were facing electricity prices that are two to three times

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