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.

@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.

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.

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.

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.

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.

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

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

Gasoline prices in Britain could reach £2.50 a litre, diesel prices could reach £3

**Diesel rationing is extremely probable soon due to Russian invasion of Ukraine, House of Commons Treasury Committee says

In recent weeks, gas station prices have soared, hitting a series of new highs amid the Ukrainian crisis. The latest data on British gas station prices from Experian Catalist show that records have been broken again, with the average cost of a liter of petrol on Sunday at 163.5p, while diesel was 173.4p.

However, the Treasury Committee was told that prices could rise even more if oil prices remain high due to geopolitical tensions and the cost of diesel in Britain, which receives 18% of this fuel from Russia, potentially doubles.

“Consumers need to be prepared for the continued rise in fuel prices,” said Nathan Piper, head of oil and gas research at Investec bank.

When asked how much the cost of fuel could rise, he replied: “I don’t want to look frivolous, so choose the numbers yourself.”

Dr. Amrita Sen, founding partner and chief oil analyst at consultancy Energy Aspects, said the group is operating on the assumption that oil could "easily" rise in price by 50%.

She stated: “If we make assumptions based on crude oil, we say that it can easily rise by 50%. Assuming the government does not make any tax changes, [the cost of gasoline] could end up at £2.40 per litre.”

She added that due to the role of diesel in the industry, its cost “could rise to 2.50 pounds, even closer to 3 pounds. It's definitely within the realm of possibility."

Sen also added that diesel would likely be rationed in Germany before the end of March, and that the same could happen in Britain.

While the UK gets relatively little crude oil and gas from Russia, about 18% of its diesel imports in 2020 came from that country.

Piper added that the industry will likely bear the brunt of any rationing, but stressed that the effects will be felt more widely. “Diesel rules the world,” he said. “Diesel drives shipping routes, trains, cars – everything.”

Many French businesses are forced to send employees to part-time work and stop production due to a sharp increase in raw material prices, according to France 3. For example, a ceramics factory is no longer able to pay gas bills, and a construction company is unable to purchase steel products, broadcasts by the TV channel. This situation was a consequence of the events in Ukraine and could last up to six months, the report notes.

These workers are going to put their overalls in the closet. The reason is the transition to part-time employment. In their ceramics manufacturing facility, the ovens run at full capacity all day long. After a sharp rise in gas prices, bills have grown tenfold. It is impossible to continue working.

The German Association of Small and Medium Businesses fears mass bankruptcy of enterprises due to fuel prices, writes the NEOPresse edition.

The association's managing director, Markus Jerger, has criticized the German government for high taxes on electricity, as well as the unrealized reform to introduce benefits for those who use public transport.

The business association fears corporate bankruptcies and job losses, Jerger said in his report. Energy prices have become a matter of survival for many entrepreneurs.

He added that gasoline at two euros per liter and a doubling of gas prices is unacceptable. It is necessary to reduce the tax on electricity, as well as implement incentives for the use of public transport.

Due to skyrocketing electricity prices in Germany, the first steel plant has stopped production, according to Deutsche Wirtschafts Nachrichten. We are talking about the company Lech-​Stahlwerke in the Bavarian community of Meitingen. They said that at the moment it is "economically inexpedient" to work. Also, the German steel concern ThyssenKrupp AG announced a multiple increase in electricity costs.

Italy news

Starting from next Monday, March 14, the trucking companies will suspend their services nationwide 'due to force majeure' "and that is the explosion of fuel costs.

"The suspension of services has become inevitable - underlines a letter sent by Trasportiunito to the Prime Minister, the Minister and Deputy Minister of Sustainable Infrastructures and Mobility and the President of the Guarantee Commission in Strikes - also to protect companies and prevent that the exasperated market conditions, determined by the record rise in fuel prices, translate into advantages for other subjects in the transport sector, or into charges for contractual obligations that the companies in the logistics chain are no longer able to guarantee ".

"The road transport block will have direct effects on the community, suspending the supplies of goods in the commercial sector and leading to a surge in retail price lists in shops and supermarkets - says the president Carlo Rienzi - An inevitable consequence, considering that the 85% of goods sold in Italy travel by road, and a further damage for consumers, exhausted like companies by expensive fuel".

"In this situation, a shameful immobility arrives from the Government, and it is not clear what awaits the executive to immediately cancel the VAT on petrol and diesel and reduce excise duties,