“Europe’s refusal of Russian energy supplies threatens from 6.5 to 11.5% of European GDP and about 16 million jobs,” TASS reports.
Sechin added that the key sectors of the European industry are in crisis.
Thus, the potential reduction in output in the chemical industry is estimated at 20-45%, and in metallurgy - up to 30-60%.
Earlier, Sechin said that the rejection of Russian hydrocarbons and the lack of investment in the energy sector lead to a shortage of energy resources and spin an inflationary spiral in the world.
Also on October 14, the Director of the European Department of the International Monetary Fund (IMF), Alfred Kammer, said that the complete cessation of the remaining gas flows from Russia to Europe, combined with a cold winter, could lead to a shortage and rationing of gas consumption, which would entail GDP losses of up to 3% per year. some countries of Central and Eastern Europe.