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Last year was a disaster for Europe as Putin’s energy war wreaked chaos on Europe’s economies by sending up gas prices 20-fold, fuelling run-away inflation and an energy crisis that drove millions into poverty. Another crisis could be coming.
Spending by Russian consumers on the biggest shopping day of the year before New Year’s Eve may fall by a quarter due to the economic slowdown and sanctions, according to the forecasts of the Tinkoff Kassa service.