Russia gas flow stop could erase post-COVID recovery across EBRD region – report

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Reuters UK

By Jorgelina do Rosario and Karin Strohecker (Reuters) – An abrupt halt of Russian gas exports could see economies in emerging Europe, central Asia and north Africa slide back to pre-pandemic GDP levels, the European Bank for Reconstruction and Development (EBRD) warned on Tuesday. Many countries in the EBRD’s region of operation, which covers some 40 economies stretching from Mongolia to Slovenia and Tunisia, depend on Russian gas and a sudden ceasing of supplies would lower output per capita by 2.3% this year and 2% in 2023, according to the lender’s latest report. “Europe is discussing to s…