May 16, 2022 10:40 PM (GMT+8) · EqualOcean
In his spring report to the European Commission on the 16th local time, josim Lang, director general of the federal Industrial Federation of Germany, said that the interruption of Russian natural gas supply will lead to the recession of the European economy. The report said that the conflict in Ukraine and other factors have seriously weakened economic growth in Europe. Although the recovery of the service industry continues, the industry has been affected by supply bottlenecks and rising raw material prices. The German economy has been strongly impacted, and this impact will also radiate to Eastern European countries. European institutions must do their utmost to reduce the burden on enterprises and private families, promote the elimination of dependence on Russian energy and realize supply independence. Yoshim Lang stressed that the risk of energy supply interruption to the European economy is still high. The interruption of Russian natural gas supply will stifle the growth of the European economy and plunge the European economy into recession.

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