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The cost of energy independence
„Moscow last year earned $50 billion from oil and gas supplies to the EU. And this year, due to the increased prices, the Russian revenues will reach $40 billion already in the coming days,” says energy expert Olivér Hortay. At what cost can Europe cut oil and gas imports from
business
The necessity to focus on the opportunities arising from global transition | Expert on Western sanctions
“The attempts to isolate have not worked even with small countries such as Cuba or North Korea. Compared to them, Russia is an immeasurably larger player in the global economy, with a potentially self-sufficient territory and raw material base”–says György Ilyash, researcher of the Hungarian Institute for Foreign Affairs
business
European consumers will face higher prices | Agricultural expert about the effects of Russian-Ukrainian war
“The main problem is when production and market become disconnected, our region tends to fall into this mistake”–says Gábor Nagy, the CEO of Agrina Consulting, Hungary. The expert is asked about rising food prices, the opportunities for regional agricultural policy and the effectiveness of sanctions against Russia.
Russia is
business
Our region shows adjustability in changing circumstances | Economist about the effects of Russian-Ukrainian war
Rising inflationary pressures, stuck supply chains, Western sanctions, a collapsing Russian economy and the situation and opportunities for our region. We talked about these topics with Dr. Karsten Staehr, Professor of Macroeconomics from the Tallinn University of Technology, Estonia.
The impact of EU sanctions has already been felt radically in
russia
Apple, Google, Netflix—these companies have already imposed sanctions against Russia
The world’s leading brands are taking sanctions against Russia to show solidarity with Ukraine.
Global brands and tech giants decide to partially or completely exit the Russian market. These include Apple, Airbus, Alphabet, which is responsible for Google and YouTube, Boeing, Disney, Exxon Mobil, Facebook, Ford, Harley-Davidson, Mastercard, Microsoft,