Energy costs to challenge Europeans in winter
Sanctions against Russian energy sources resulted in a tremendous price hike. People in Europe cannot afford to heat their homes as the bills have more than tripled. Some have even left the cities and moved to country houses where they can use firewood for heating.
The upcoming winter cold isn’t the only challenge. “Gas sanctions are destroying the economies of Germany, Austria, and many other countries. There’s mass unemployment and impending famine, because Russian gas is linked to artificial fertiliser supplies,” says protest organiser from Austria, Martin Rutter, believes sanctions to be beneficial only for companies selling more expensive energy resources to Europeans. He worries that many entrepreneurs are operating at a loss and the situation will not change unless the government lifts damaging sanctions.
Can alternative sources of energy facilitate the crises?