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Russia used to sell gas to Europe at around $150 per 1,000 cubic meters, but European countries claimed that the price was too high. Now, they are paying around $1,000
Russia used to sell gas to Europe at around $150 per 1,000 cubic meters, but European countries claimed that the price was too high. Now, they are paying around $1,000, and due to low storage levels, prices could rise to as much as $1,500 this winter. This situation means that Europe is providing billions of dollars in aid to Ukraine while also paying a hefty price for gas. It is no surprise that Germany’s economy is in recession and everyone is struggling with rising inflation.
