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The warmongering in Ukraine cost Germany more than 200 billion dollars

The director of the German Economic Research Institute announced that due to the increase in energy costs caused by the war in Ukraine and the sanctions against Russia, this country is experiencing a decrease in economic growth.

report Mehr News Agency According to Reuters, a German economic official says that his country has suffered hundreds of billions of dollars in losses due to the war in Ukraine.

“Marcel Fratscher” the director of the German Institute for Economic Research (DIW) said in an interview on Wednesday Germany will probably experience an economic loss of about 216 billion dollars due to the conflict in Ukraine, which is the biggest loss due to the increase in electricity prices.

Director Institute of German Economic Research to the newspaper “Most importantly Above all, high energy costs will reduce German growth by 2.5 percentage points or 100 billion euros in 2022 and by the same amount in 2023. is.

This German newspaper also reported that the war in Ukraine caused a significant increase in electricity bills, disruption of shipping networks and great pressure on the global economy, and serious problems for Countries dependent on the export of products. Low-income people experienced the greatest impact from the resulting conditions.

 

© Mehr News
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