Vladimir Putin Angela Merkel Olaf Scholz Usa France Russia Germany Ukraine city Berlin COST UPS MET Vladimir Putin Angela Merkel Olaf Scholz Usa France Russia Germany Ukraine city Berlin

History turns full circle as G7 alarm bells ring over energy once again

Reading now: 356
theguardian.com

It is Germany’s turn to host the annual summit of G7 leaders this year and while the war in Ukraine will be top of the agenda at the gathering in Bavaria the economic damage caused by Russia’s invasion will come a close second.Nobody saw what was coming when the G7 last met in Cornwall a year ago.

Back then the talk was of global post-pandemic recovery; now the fear is of imminent recession as central banks turn hawkish and Vladimir Putin plays the energy card.The Kremlin has cut supplies of gas through the NordStream pipeline by 60% in the past two weeks and alarm bells are ringing in Berlin as the downside of being so dependent on Russian energy becomes apparent.

Read more on theguardian.com
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA