According to TASS, the department is considering two scenarios for changes in oil and gas prices over the next five years: the first provides for a short sharp shock with a further recovery in prices, with gas prices rising to almost $3,000 and oil prices rising to $147 per barrel. after which their cost drops to $1260 and $100 respectively.
“The resulting reduction in real incomes and consumption is enough to send the economy into recession next year,” the agency cites the conclusions of experts.
The second scenario provides for a less sharp but prolonged shock: gas and oil prices remain at $1,260 and $147 for five years.
The Financial Times previously admitted that many businesses in Britain may close due to a reduction in gas supplies and the onset of an energy crisis.
The Library of the House of Commons of Great Britain has released a report reporting a widespread increase in the cost of living in the United Kingdom since the beginning of 2021, related, among other things, to the situation in Ukraine.
The report also predicted an increase in poverty in the country in 2023.
In addition, the German Industrial Union predicted a recession in the European Union in the event of interruptions in Russian gas supplies.