BMW and Volkswagen suspend the work of factories across Europe due to a shortage of parts imported from Ukraine.

They suddenly are for socialization of production now :) Except only for the costs

Its funny to read a forum where people are saying with a straight face that the west forced Russia's hand and thats why they're bombing the shit out of apartment buildings in Ukraine. This is going to be painful for everyone, but I'm not sure what could have been done about it with Putin's ambitions.

Recently, the Censis Institute for Social and Economic Research and the Italian association of cooperatives Confcooperative published disappointing forecasts on the situation - according to their data, about 184 thousand Italian firms may go bankrupt due to rising energy prices in the near future. That is, about 1.4 million people could lose their jobs.

Lithuania don't have many russian goods in shopping centers. Only 'Norfa' market have lot of russian production. It is 10% of Lithuania shoping market. Price grow up for inflation. But Gas and Petrol its another question.

By May, the European Commission will submit to the Council of Europe a detailed plan to phase out Russian gas within five years. At the same time, the injection of gas into the storage facilities of the EU countries should begin now - during the current heating season. This is stated in the draft decisions of the EU summit, which was published by Euractive.

The European Commission proposes to oblige companies to fill UGS facilities by more than 90% (up to more than 90 billion cubic meters). Experts believe that traders and operators simply do not have enough money.

“So far, they have not proposed any specific mechanisms to stimulate injection. Only political slogans and threats to introduce administrative measures of regulation. But this will only exacerbate the problems of gas companies,” said Alexei Grivach, Deputy Director of the National Energy Security Fund (NESF). He notes that if prices remain at current levels, companies will have to find about $100 billion to finance the injection of 80 billion cubic meters.

@NURBS

Issue is not open and clear war - issue is capitalism, that is constant war. Capitalism just try to hide constant war from your attention, put it under the veil.

Companies around the world “paused” deals worth $25 billion due to a special operation in Ukraine

More than 80 large companies were forced to refuse to attract investments, according to Bloomberg. For example, Tesla lost $1 billion after the suspension of issuance of securities. Nestle, L'Oreal and Volkswagen are going to do the same.

In early March, the publication predicted that the total collapse of transactions in Europe would reach at least $ 300 billion.

In Germany, supermarkets massively increase food prices – Germans were advised to follow discounts and drink tap water

Against the background of massive price increases in large German supermarket chains, a number of offers have been prepared for German residents that should help them survive the increase in cost. Pasta, detergents, mineral water, dairy products, toilet paper, oil and others are among the more expensive goods.

As a cost-saving measure, Germans are advised to replace mineral water with tap water, buy seasonal fruits and vegetables, pay attention to unknown brands in supermarkets, which, according to FOCUS magazine, taste almost the same as the products of large manufacturers, use discount offers and follow the discounts.

A number of Belgian food industry enterprises may close due to rising prices for energy, raw materials and transport, caused, among other things, by the crisis in Ukraine, the Belgian Food Industry Federation said in a statement.

"Our businesses are facing historic cost increases... This could lead to a number of companies partially or completely shutting down their operations as production becomes unprofitable," the document says.

The federation points out that for some companies electricity bills have risen five times, which calls into question the continuation of their activities.

Fertilizers price

The events in Ukraine have shown that Germany should become completely independent of the import of Russian fuel, the country has already reduced coal imports from the Russian Federation by half, German Foreign Minister Annalena Berbock said in Berlin. She said this at an energy transformation event.

Earlier in March, German Economy Minister Robert Habeck said that by summer the country would be able to halve imports of Russian oil, and abandon coal imports by autumn.

Last week, the EU summit announced plans to stop buying Russian energy resources within a few years.

The cost of gas futures in Europe rose to $1,450 per thousand cubic meters. m. Prices are rising against the backdrop of statements by European companies that they will not buy gas for rubles.