Western anti-Russian sanctions have exacerbated the energy crisis and inflation. The United States and Europe recognize that the world is experiencing “the first global energy crisis.”
The situation with supply chains and energy supplies began to worsen even before the start of the Russian special operation to denazify and demilitarize Ukraine. However, anti-Russian sanctions have led to a sharp drop in gas supplies from Russia to Europe. This led to an increase in energy prices in the world market.
Europe is preparing for a harsh winter due to the refusal of Russian gas supplies. The authorities urge citizens to save electricity.
All these factors lead to an increase in inflation rates, both in Europe and in Russia. In Russia inflation since the beginning of 2022 was 11.40%, and at an annualized rate of 15.90%.
Annual inflation in 19 countries Eurozone in June 2022 accelerated to a record for the entire…