While most Europeans support sanctions against Russia in connection with the invasion of Ukraine, less than half of the sanctions are supported if they directly lead to higher prices, as current experience shows.
The Eurobarometer poll found that only 40% of Europeans would support them if sanctions against Russia lead to higher food and energy prices, and 60% were not prepared to face the possible consequences of penalties.
Some countries are more peaceful with the possible consequences of Russia’s sanctions, such as Finland, where only 30% say they are not willing to support sanctions if prices rise, publisher Yle reported.
Italy may have to tighten its gas supply due to the country’s dependence on supplies from Russia, resulting in businesses and households not being allowed to use air conditioning this summer.
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“According to the survey, most Finns are willing to support sanctions even if they raise energy and food prices, but this is no longer the case in Europe,” said Markus Lahtinen, managing director of Pellervo Economic Research.
Lahtinen said the effects of the sanctions could undermine credibility in European countries, and many are yet to feel the effects as some European Union countries have adopted policies to lower fuel prices and other goods.
In Spain, the government reduced the price of gasoline by 20 euro cents in March to offset energy costs, but the policy is only expected to last until the end of June.
Since then, rising fuel prices have been cut to 75 percent with a 20 percent discount per liter, and Prime Minister Pedro Sanchez announced earlier this month that the discount will be extended until at least September as prices are expected to rise to three euros. per liter. liter. liter.
Other countries, such as Hungary, opposed some of the sanctions because of the expected cost to their economy. The European Union announced last month that it would be exempt from sanctions because Hungary is heavily dependent on energy imports from Russia.
Fuel, energy and food prices are rising across Europe. While rising inflation is a long-term problem caused by government mismanagement and the effects of government-imposed lockdowns, Russia’s war with Ukraine has certainly had an impact as well.
‘Reasonable worst-case scenario’: Millions of UK homes suffer winter power outages as Russia shuts gas taps https://t.co/x65ub8XWr0
– Breitbart London (@BreitbartLondon) 30 May 2022
Source: Breitbart
