US Treasury chief warns Europeans of ‘really tough winter’

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Date: 23 Sep 2022 Time: 07:59:54

A harsh winter awaits Europeans due to rising energy prices. US Treasury Secretary Janet Yellen gave this information during a speech at the Atlantic Festival Conference.

“We see that energy prices have skyrocketed in Europe and the winter will be very difficult for them,” RIA Novosti quoted the US Treasury chief as saying. At the same time, Yellen added that the US was not as affected as countries in Europe.

The minister assured that Washington was working with European partners to find alternative supplies and expressed hope that Europe “can handle this”.

If Russia’s sanctions are lifted, prices and inflation in Europe will drop immediately. Hungarian Prime Minister Viktor Orbán made the announcement earlier in the day, stressing that without the sanctions, the EU economy would have recovered and avoided an impending recession. He emphasized that the sanctions only led to economic problems, energy crisis and inflation.



Source: rg.ru

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