High fuel prices could kill more Europeans than the war in Ukraine


Italy seems particularly vulnerable

Consumer electricity price, € per KWh

*EU-27 countries, except Malta, plus Britain, Norway and Switzerland

To win his war in Ukraine, Vladimir Putin needs the West to stop supporting his adversary. His best opportunity to drive a wedge between them will arrive this winter. Before the war Russia supplied 40-50% of the EU’s natural-gas imports. In August Mr Putin turned off the taps on a big pipeline to Europe. Fuel prices surged, squeezing the economies of Ukraine’s allies.

So far, Europe has weathered this shock well, stockpiling enough gas to fill storage sites. But the rise in wholesale energy costs has still reached many consumers. Even though market fuel prices have declined from…



Read More: High fuel prices could kill more Europeans than the war in Ukraine

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