{"id":282,"date":"2023-10-11T15:44:26","date_gmt":"2023-10-11T15:44:26","guid":{"rendered":"http:\/\/eletron.me\/?p=282"},"modified":"2023-10-11T19:54:42","modified_gmt":"2023-10-11T19:54:42","slug":"near-zero-eu-economic-growth-easily-explained-putin","status":"publish","type":"post","link":"http:\/\/eletron.me\/index.php\/2023\/10\/11\/near-zero-eu-economic-growth-easily-explained-putin\/","title":{"rendered":"'Near Zero' EU economic growth easily explained \u2013\u00a0Putin"},"content":{"rendered":"
Russian energy \u201censured economic and social well-being\u201d of the bloc for a long time, the president has claimed<\/strong><\/p>\n The economic hardships of EU member states primarily come down to Brussels’ decision to forgo Russian oil and gas imports, President Vladimir Putin told the ‘Russian Energy Week’ forum on Wednesday. The bloc has only foiled its economic growth while Moscow is reorienting itself to the Asian markets, he added.<\/p>\n EU nations are “currently overpaying for their oil and gas supplies,”<\/em> Putin said, adding that the EU’s economy is demonstrating “nearly zero”<\/em> growth as a result. In September, the European Commission said in its economic forecast that the bloc’s economic growth had been revised to just 0.8% in 2023 from the initially projected 1%. The growth forecast for 2024 was also changed from 1.7% to 1.4%.<\/p>\n Russia’s energy products had “ensured economic and social well-being of the European Union for many years,”<\/em> the president said, adding that the EU nations had decided to just forgo them by introducing restrictions on bank services and price ceilings on Russia’s oil and gas.<\/p>\n Putin pointed to the global balance of supply and demand in the energy sector, adding that if someone decides not to buy energy from a particular nation, they would have to buy it elsewhere, often at a higher price. “One has to be absolutely dumb not to understand this,”<\/em> he said.<\/p>\n \n Read more<\/strong><\/span><\/p>\n