Economy / FinanceEuropeJust In - Classified

Report: Europe’s Energy Bill Hits $1 Trillion, Marks Just The Beginning of Crisis


The skyrocketing energy prices have cost Europe nearly $1 trillion, according to a new report, stating that the current situation as the fallout of the war in Ukraine is just the beginning of the deepest crisis in decades. Citing its calculations based on market data, a report published in Bloomberg on Sunday said $1 trillion is a broad tally of more expensive energy for consumers and companies in European countries.  That marks just the beginning, according to the report, as high prices are expected to last years and no relief on global gas markets is expected until 2026 when…

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