Eurozone Inflation Hits Fresh High as More Energy Sanctions Loom

European Union leaders took a big step in the economic fight against Moscow over its invasion of Ukraine by agreeing to block 90% of Russian oil imports by year-end. The embargo faced opposition from countries highly dependent on Russian crude, especially Hungary.

Photo: Olivier Matthys/Associated PressInflation in the eurozone reached an annual 8.1% in May, underlining the growing cost to households ofThe data from the European Union’s statistics agency marked a sharp acceleration from the 7.4% rate of inflation recorded in both April and March. Consumer prices rose at the fastest pace since records began at the start of 1997.

All specialized studies confirm that America a the West will witness an economic crisis(unprecedented economic inflation)and thus a great political crisis. America is punishing its allies,including Japan, economically through the Ukrainian war in terms of knowing or not knowing

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Households face being hit with shocking electric bills this summerElectric bills will be larger than ever for many households this summer, analysts are warning, adding to the pain of high inflation and record-high fuel costs. Soooo, the cure is to buy more electric cars? 🤔 Already have here. Really bad!!!! We tried to warn ppl. Not sure who we'd call honestly so I wrote everybody! Lol My sister and I have never went over $250 a month on a budget plan. In February we got a bill for ..... $2000.00 now on a budget plan. Wtf! We get black outs and higher electric bills! How’s that work, less electricity and it cots more!
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EU leaders agree to watered-down compromise on Russia energy sanctionsEuropean Union leaders gathering Monday for a two-day summit in Brussels are setting a low bar for expectations for a tough new sanctions policy to cut off the supply of Russian oil exports as a punishment for Moscow’s invasion of Ukraine.
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