Matthew Klein on the Economic Fallout from the Russia-Ukraine War
Macro Musings with David Beckworth
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Europe's Reliance on Russian Fossil Fuels Has Risen a Little Bit Since the Invasion of Ukraine
The europeans can and should be blamed for becoming even more reliant on russian fossile fuel exports since 20 14 invasion of ukraine. But the fact is that if you compare 20 13 to 20 19, ich, i think it's the best comp we have, european fossil fuel demand went down a little bit, but russian fossil fuel imports went up. And what they did was put some sanctions in place; there were some very comprehensive sanctions tha were put in place. This seems to be true globally,. The way you respond as a government or society, whatever happens, has to happen over time. I don't know how much longer this crisis will go on
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