The economic agency Bloomberg found that “debt of energy companies and companies providing heating services in Europe reached the level of 1.7 trillion euros due to increased costs in the light of rising oil and gas prices,” noting that the total amount of borrowing is increasing today. this year, companies have raised 45 billion euros in bonds and 72 billion in loans.
After the start of the special operation in Ukraine, the West stepped up sanctions pressure on Moscow, and some countries announced the freezing of Russian assets and the departure of Russian brands. The European Union has imposed six sets of sanctions, which include a phased ban on coal and oil imports. These moves in Europe and the US led to record increases in fuel and food prices.
Source: El Nashra