The analyst listed the industries that will be the first to suffer serious losses.
Economist and financial analyst Mikhail Belyaev shared with the media a forecast about the losses of the EU economy after the introduction of anti-Russian sanctions. He estimated them at hundreds of billions of euros.
In conversation with “Rambler” he stressed that the EU energy sector will suffer the most significant losses. Belyaev recalled that the EU intends to fill its gas storage facilities, which are almost empty, by 80%.
At the rate of $ 2,500 per 1,000 cubic meters, it is already approaching $ 2.5 thousand, it is not difficult to understand the costs.
It should also be taken into account that the European Union has refused Russian gas, and for the construction of LNG terminals for liquefied natural gas, which is accepted by Europe as an alternative, huge sums are needed, Belyaev explained. He clarified that Germany has already announced the construction of two such terminals.
Another reason for the high costs in the industry is the planned EU overlap in the supply of components for high-tech equipment that were previously delivered to Russia. Losses in this case will be incurred by the companies – suppliers.
The second area of expenditure of the EU countries will be aviation. Due to the closure of air corridors for aircraft flights, there are additional costs for logistics, transport and others that will be required for passages through southern or northern territories, there are others.
For example, leasing, the analyst explained, where not only profile companies, but also insurers will lose, and this is already a blow to the financial sector, of which they are an essential part.
According to the analyst, it is unclear how the authorities will react to such a situation.
“They say they are ready to review sanctions and make certain exemptions if it threatens the stability of the financial sector, – Belyaev explained.
The third direction he called tourism and related business, which accounts for 15-20% of the gross domestic product of Western Europe.
The hotel, restaurant and tourism business of small and medium caliber will suffer. And behind this is the chance of job losses and social unrest, he stressed. They are also worth the money spent on various kinds of compensation.
Belyaev believes that the obvious decision of the West is the easing of sanctions, otherwise they will remain non-working. He explained that such developments affect the level of inflation, and so on.
“This is tens and hundreds of billions of euros ”, – the expert calculated.
Summarizing his opinion, Belyaev stressed that sanctions are likely to take steps back, which will be made after the first political shock and a sober understanding of the decisions.
As Topnews wrote earlier, the United States imposed sanctions against 19 officials “ from Putin’s entourage ” and 47 members of their families.
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