Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Reuters: The Russian and Ukrainian delegations met in Istanbul
Al Mayadeen's correspondent: 72 martyrs in Israeli raids on the Gaza Strip since dawn today
Al Mayadeen's correspondent: Iran maintains that its talks with the Europeans and its indirect negotiations with the United States are proceeding on separate tracks
Al Mayadeen's correspondent in Istanbul: Talks with the European Troika are being led by Iran's deputy foreign ministers for political and legal affairs
Al Mayadeen's correspondent: Bombardment of the Gaza Strip by land, sea, and air has continued since the early morning
Al Mayadeen's correspondent in Istanbul: Talks kick off between Iran and the European Troika in Istanbul
Local Syrian sources: The village of Al-Thala in the western countryside of Sweida was subjected to mortar shelling, with explosions heard in the area.
Occupied Palestine: Very violent Israeli raids target Tal al-Zaatar in Jabalia, north of the Gaza Strip.
Occupied Palestine: 15 martyrs were recovered as a result of the ongoing Israeli raids on the city of Beit Lahia and the Jabalia camp in the northern Gaza Strip.
Al Mayadeen's correspondent in occupied Palestine: More than 300 martyrs and 500 wounded in three days of ongoing Israeli raids on the Gaza Strip.

EU at risk of recession if Russia gas supplies cut immediately

  • By Al Mayadeen English
  • Source: Agencies
  • 16 May 2022 18:32
  • 1 Shares
2 Min Read

The EU Commission says the European Union risks an economic recession if Russian gas supplies are cut immediately.

  • x
  • The EU is now drafting a sixth sanctions package against Russia
    The EU is now drafting a sixth sanctions package against Russia

The European Commission said on Monday that if Russian gas supplies are cut outright, then the European Union risks an economic recession.

The sixth package of sanctions that the EU is currently drafting against Russia is expected to include an oil embargo if the commission succeeds in securing the consent of all member states. 

Related News

Germany's Merz urges Europe-US unity on Ukraine war

Turkey’s rising military role cements its value to European security

The Commission said in a press release that in the case of an outright cut in gas supply from Russia, GDP growth rates in Europe "would be around 2.5 and 1 percentage points below the forecast baseline in 2022 and 2023, respectively, while inflation would increase by 3 percentage points in 2022 and by more than 1 in 2023, above the baseline projection."

The statement also said that the war in Ukraine is leading to the EU's economic separation from Russia, and the consequences of this separation are difficult to fully understand at this point.

Gas costs in Europe have been volatile amid the crisis in Ukraine and increasing sanctions against Russia. Fears of sanctions on Russian energy sources in Europe sent prices spiking in March beyond their historical highs.

The World Bank said in April that it is expecting gas prices to double.

  • EU Commission
  • European Union
  • European Commission
  • Europe
  • Russian Gas
  • Russia
  • Recession
Russia & NATO

Russia & NATO

As the Draconian Western-led sanctions on Russia exacerbate the economic crisis worldwide, and as Russian troops gain more ground despite the influx of military aid into Ukraine, exposing US direct involvement in bio-labs spread across Eastern Europe and the insurgence of neo-Nazi groups… How will things unfold?

Most Read

A boy draped in a Palestinian flag carries a mock rocket during a weekly anti-US and anti-Israeli rally in Sanaa, Yemen, Friday, May 9, 2025 (AP)

Yemen announces hypersonic missile strike on Ben Gurion Airport

  • Politics
  • 9 May 2025
Palestinians pray over bodies of people killed in the Israeli bombardment who were brought from the Shifa hospital before burying them in a mass grave in the town of Khan Younis, southern Gaza Strip, Wednesday, Nov. 22, 2023. (AP )

Gaza casualty figures mask a much bigger horror, new study shows

  • Politics
  • 11 May 2025
Two F-35 jets arrive at it's new operational base Wednesday, Sept. 2, 2015, at Hill Air Force Base, in northern Utah. (AP)

F-35 near-misses over Yemen signal new risks for 'Israel': Forbes

  • Politics
  • 14 May 2025
President Donald Trump, left, greets Israeli Prime Minister Benjamin Netanyahu at the White House, Monday, April 7, 2025, in Washington (AP)

US pressures 'Israel' for Gaza deal; Witkoff's Israeli rebuke leaked

  • US & Canada
  • 9 May 2025

Coverage

All
Gaza prevails against genocide

Read Next

All
Syria's interim president, Ahmad al-Sharaa, listens during a joint press conference with French President Emmanuel Macron after a meeting at the Elysee Palace in Paris on May 7, 2025 (AP)
Politics

Israeli, Syrian officials met secretly in Baku

500,000 Syrian refugees return since regime change
Politics

500,000 Syrian refugees return since regime change

Iranian Foreign Minister Abbas Araghchi, left, speaks with his Emirati counterpart Sheik Abdullah bin Zayed al-Nahyan during their meeting, in Abu Dhabi, United Arab Emirates, Monday, May 12, 2025 (AP)
Politics

Iran’s Araghchi: West chose talks after failing militarily

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS