Nothing, it will reach 100 billion!

Author:Global Times Time:2022.09.05

The impact of sanctions on Russia, the European energy crisis has intensified. Not only is Germany and other Western European countries seriously affected, but Italy in South Europe is also harmed. How serious the influence is? It can be seen from the latest sets of data given by the Italian Economic and Finance Minister.

Russian TV today quoted Reuters on the 4th that the Italian Economic and Financial Minister Daniele Franco said that the cost of energy imports in Italy this year will double to 100 billion euros.

Dani Lele Franco

Franco warned on the 3rd on the 3rd that Italy could not increase the baptism of the economy indefinitely, and high debt reduced the room for Italy.

According to Franco, compared with the cost of net energy imports of 43 billion euros last year, Italy ’s energy cost this year will increase by nearly 60 billion euros to about 100 billion euros. about.

This surge will erase the foreign exchange surplus of trade with other countries in recent years. "We are transferring a large part of the purchasing power abroad," Franco said.

Nearly 75%of Italy's energy consumption depends on imports. Earlier this year, 40%of Italy's natural gas was imported from Russia, but by July, this proportion dropped to 25%.

In late July, EU member states agreed to reduce natural gas consumption by 15%in the next few months, with natural gas in the winter seasons in the increasing energy crisis to improve energy safety.

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