日韩精品久久一区二区三区_亚洲色图p_亚洲综合在线最大成人_国产中出在线观看_日韩免费_亚洲综合在线一区

Global EditionASIA 中文雙語Fran?ais
World
Home / World / Europe

Europe fallout feared as 'huge'

By EARLE GALE in London | China Daily | Updated: 2022-03-11 09:28
Share
Share - WeChat
The financial district is photographed on early evening in Frankfurt, January 29, 2019. [Photo/Agencies]

The situation in Ukraine could do more damage to Europe's economy than the novel coronavirus pandemic, according to the boss of the continent's largest automaker.

Herbert Diess, chief executive of Germany's Volkswagen-the maker of brands including Audi, Porsche, Lamborghini, and Bentley-told the Financial Times newspaper a prolonged conflict would be "very much worse" for the region's economy than the pandemic that triggered lockdowns and wholesale closures of factories.

The threat of the conflict for Germany and Europe is "huge", Diess said, with higher inflation one of the many likely consequences that would follow global supply chain interruptions.

Diess told the paper the situation "could lead to huge price increases" and "scarcity of energy".

"It could be very risky for the European and German economies," he said.

Diess issued the warning after many Western nations introduced sanctions against Russia, Russian companies, and Russian individuals, in an attempt to pressure President Vladimir Putin to scale back or end the "special military operation" in Ukraine.

Diess said he supports sanctions but noted dialogue will ultimately be needed to solve the crisis and get Europe's economy moving again.

VW itself has temporarily closed its two factories in Russia, where it employs 7,000 people. Other European automakers, including BMW and Mercedes, have made similar moves.

"For a society like Germany, depending on Russian energy, raw materials… if you imagine a scenario where we cut off business relations with Russia, which we probably would have to do if this conflict (continues), you could not buy energy any more, and this would lead to a situation that might impact Europe and Germany considerably," he said.

While the United States imposed a blanket ban on Russian oil and gas imports this week, the European Union has been more cautious, owing largely to the fact that Russia supplies around 45 percent of its gas and that there are few affordable alternatives.

The BBC noted on Thursday that oil prices shot up again that morning because of confusion about whether major oil producers will increase production to compensate for lost Russian oil.

The confusion followed the United Arab Emirates appearing to call for Organization of the Petroleum Exporting Countries, or OPEC, nations to increase output, before the country's energy minister then seemed to walk back from the idea.

The cost of oil rose by more than 3 percent in early trading on Thursday, following a 17 percent drop on Wednesday.

The European Central Bank, meanwhile, was set to meet on Thursday afternoon to consider how best to tackle rising inflation and slowing growth.

Most Viewed in 24 Hours
Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: 欧洲一区二区在线 | 亚洲午夜精品视频 | 91视频精选| 福利视频一区二区三区 | 谍影特工在线观看完整版 | 亚洲精品成人a | 波多野结在线 | 亚欧乱色视频小说 | 精品中文在线 | 午夜不卡一区二区 | 亚洲码在线 | 午夜丰满少妇高清毛片1000部 | 国产精品亚洲一区二区三区在线 | 国产精品视频一区二区三区 | 国产亚洲一级精品久久 | 久久草在线视频 | 男人j进女人j啪啪无遮挡动态 | 成年女人免费v片 | 国产成人无码AA片免费看 | 一区二区三区高清在线 | jizjizjiz中国护士18| 国产综合婷婷 | 日日操av | 国产一区二区三区乱码 | 欧美日韩在线视频一区 | 嫩草影院在线入口 | 日韩福利在线观看 | 超碰人人在线 | 久久亚洲国产精品日日av夜夜 | 青草视频污| 亚洲国产专区 | 91中文在线观看 | 久久久久久久国产精品影院 | 日韩欧美中 | 日韩一区二区福利视频 | av免费在线观看av | 色综合久久丁香婷婷 | 天堂2014| 亚洲韩精品欧美一区二区三区 | 精品亚洲国产成av人片传媒 | 奇米影视欧美 |