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Сентябрь
2024

EU suffering from loss of Russian energy Draghi

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A former ECB chief says the lack of access to cheap energy from Russia has undermined the bloc's competitive advantage

The global economic competitiveness of the European Union has been substantially eroded due to the loss of cheap energy from Russia, former European Central Bank president Mario Draghi said on Monday.

A wide-ranging report presented by Draghi indicated that reducing energy