Home Business Daily Express: EU faces major financial crisis due to sanctions against Russia

Daily Express: EU faces major financial crisis due to sanctions against Russia

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Anti-Russian sanctions “will lead to suicide” of the European Union, writes the British newspaper Daily Express.

“The sanctions war must be stopped, otherwise the European continent risks plunging into the biggest financial crisis in history. Inflation jumped to 8.9 percent, while the euro fell to parity against the dollar for the first time in 20 years,” said Generation Frexit leader Charles- Henri Gallois.

In his opinion, the restrictions imposed on Russia do more harm to the EU itself than to the Russian Federation.

“Some European countries, such as Germany and Italy, are very dependent on Russian gas supplies. France will also suffer, since Russia was an important supplier of oil. Now we buy the same fuel through India and Saudi Arabia, but at a premium, and with the fall of the euro this has become even more expensive. It’s quite hypocritical: we can’t replace Russian energy sources in this way, we don’t even have the equipment,” Gallois said.

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