Economy / FinanceEuropeRussia

Halt of Russian Energy Imports Could Cost Germany up to 3% of GDP, Study Says

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In the short term, a halt to Russian energy imports could cost Germany up to 3% of its gross domestic product, according to estimates by the EconPol Europe network.

The results of the calculation were presented by the press service of Ifo (Leibniz Institute for Economic Research at the University of Munich).

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