Sanctions and the Ukrainian conflict, the possible economic repercussions
The impact, on the European economy and the single currency, of the Ukrainian conflict and of the sanctions against Russia on the tableEurogroup in Brussels, which evaluates countermeasures and costs to bear. The jitters were immediately seen on the financial markets. Today the stock exchanges in Europe have recovered slightly, after having lost 330 billion due to the strong backlash yesterday. The energy sector the special remark remains, given the role of Russia, which supplies 40% of the needs of natural gas, the EU price of which jumped to more than 56% yesterday. Eurozone states will try to Increase the gas give it United States and from Caucasus to mitigate this addiction. But the crux of the cost of procurement remains.
San Marino it is connected to the Italian national network in two points of the SNAM, in Rovereta and Gualdicciolo, and therefore shares their dynamics, even if the tariff policies are naturally autonomous. Possible price increases are also expected on Panel, pasta And Pizzasince Ukraine is the second largest supplier of corn with a share of just over 20% and also guarantees – explains Coldiretti – 5% of the national import of wheat in Italy. “In San Marino – explain from Ugraa – the price increases have already been felt for theincrease in the prices of raw materialsand now also here we are waiting for that for corn and wheat, which we import in large part also forlivestock feed“. Concerns about tourist repercussions finally, they have already been advanced – with caution – by both the mayor of Rimini – given that the Romagna Riviera is historically a destination for tourists from Eastern Europe and Russia – that since CTO San Marino“The blockade imposed on the sector by the pandemic – the latter recalls in a note – has been going on for two years now”.
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