# EU losses from rising energy prices climb from €106 billion to €127 billion in two weeks

https://mins.news/en/item/126967

- TASS, 2026-11-03 11:13 UTC
- Economy
- Original: https://tass.com/economy/2212437

> 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.