EconomyEU losses from rising energy prices climb from €106 billion to €127 billion in two weeks
European Commission President Ursula von der Leyen said imported fossil fuels have cost Europe an additional €127 billion since the Strait of Hormuz closed, without bringing in any extra energy. The figure was €106 billion in mid-October. She urged a faster shift to alternative energy and reiterated the EU’s goal of net-zero economic carbon emissions by 2050.
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TASS★★★☆☆2026-11-03 11:13Original
EU losses from rising energy prices climb from €106 billion to €127 billion in two weeks