This is reported by The Washington Post.

“Under almost any scenario, the next 18 months will be a torturous time for Europe as the effects of high prices spread around the world,” the article says.

As noted, in the short term there are not enough alternatives to avoid serious economic losses in the coming winter if Russia cuts off natural gas supplies.

Earlier, Greek Prime Minister Kyriakos Mitsotakis said that the European economy cannot completely abandon the supply of Russian natural gas.

Hungarian Foreign Minister Peter Szijjarto said that some European companies importing Russian natural gas agreed to the payment scheme proposed by Moscow, but not everyone is honest about it.

The head of the Energy Development Fund, Sergei Pikin, in an interview with Nation News spoke about the prospects for cooperation between Russia and the EU.