"bloomberg"The debt of European energy companies reaches 1.7 trillion euros

The economic agency Bloomberg reported that the debts of energy companies and companies providing heating services in Europe reached the level of 1.7 trillion euros due to increased costs in light of rising oil and gas prices.

According to the agency, the total amount of borrowing today is at least 50% more than it was before the outbreak, and in the fourth quarter of 2019, the volume of debts of these companies was about 1.1 trillion euros, and in the first half of this year, companies raised 45 billion euro bonds and 72 billion euros of loans.

After the start of the special operation in Ukraine, the West stepped up sanctions pressure on Moscow, and some countries announced the freezing of Russian assets and the departure of Russian brands.

The European Union has imposed six sets of sanctions, which include a phased ban on coal and oil imports. These moves in Europe and the US led to record increases in fuel and food prices.

Source: RIA Novosti