Bad times for lyric Consequences of the war in Ukraine

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A global financial crisis. More than a decade of economic stagnation. A pandemic. And now a war in the heart of Europe. European economies suffer from years of global volatility and instability. And, with it, so does the pocketbook and the quality of life of citizens. The war unleashed by Vladimir Putin in Ukraine already leaves a lesson on community soil: the historic sanctions imposed against the Russian regime, against its strategic sectors and against the oligarchs that support it will not be at zero cost in the EU. In the community capital they assume that the price to pay will be high. The economic effect is already being felt in Europe, but it is nothing compared to the suffering that millions of Ukrainian civilians are enduring.

The high price of electricity, the increased cost of fuel , the shortage of certain raw materials, disruptions in the supply chain or inflation in the price of certain foods are the collateral damage in the Cabo Verde Email List pocket and in the daily work of the Europeans. The other great artery is the food chain at a global and national level. In fact, Danone and Heineken have already warned of an imminent supply breakdown throughout Spain. One of the few certainties that we have so far is that the impact unleashed by the financial blockade of the Kremlin will be asymmetric throughout the community bloc. Putin's war will be much more costly for some Member States than for others.



Some countries like Latvia or the Czech Republic receive all their gas from Russia. But these energy dependencies are much smaller in southern countries, as is the case of Spain. At the moment, Brussels is in the analysis phase. He does not put a figure on the total cost of the war and the sanctions against Russia because he believes that it is too premature a ruling. But the EU is now preparing to adopt measures to soften the consequences of the war on its coffers and, above all, so that it does not hinder the post-pandemic recovery. Consequences and considerations of the Russian invasion of Ukraine In this context, the Spanish priority is for the EU to adopt measures to reduce the electricity bill, a battle that has been waged in Brussels for months but has gained more momentum with the war in Ukraine.