Currently there is no description available for Pierluigi Paganini.
“The consequences of an oil embargo would likely cause a recession in Europe. While the US, the EU, the UK, and other countries have sanctioned Russia, Russian export revenues since the beginning of the invasion is not decreasing. Even if European governments agreed to stop Russian coal imports starting in August, it is not enough. The prices for oil would increase on a global scale. Using alternative oil provisions from the Middle East and Africa would take time, which in turn would force European countries to adopt an energy policy characterised by austerity.”
27 Apr 2022
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