Putin's gas crisis could cause 'civil unrest' in some developed European countries this winter, risk analysis says
According to the report by risk management consultancy Verisk, high energy prices and the rising cost of living after the crisis in the gas supply of the Russia in Europe have brought its wealthier countries to the brink of civil unrest this winter.
What happened: Verisk's report says its Civil Unrest Index found that more than 50% of the nearly 200 countries covered experienced an increased risk of civil unrest mobilization. mass between the second and third quarters of 2022, Reuters reported. .
"During the winter, it would not be surprising if some developed countries in Europe began to see more severe forms of civil unrest," said Torbjorn Soltvedt, senior analyst at Verisk Maplecroft. publication.
See also: Putin's spokesman - Chairman of Russia's 2nd largest oil producer - reportedly dead after falling from window
The report notes that Germany and Norway are among the developed economies experiencing disruptions in daily life due to labor issues. Other countries expected to increase in risk include Bosnia and Herzegovina, Switzerland and the Netherlands.
This happened after Vladimir Putin's invasion of Ukraine led to a sharp rise in food prices, and Russia cut gas supplies led to Europe finding itself at the center of the fallout.< /p>
"And we still have some of the fallout from the COVID pandemic playing into that, with the existing supply chain disruptions," said Jimena Blanco, chief analyst .
Meanwhile, earlier this week, Russia cut off gas supplies through Europe's main supply route, citing technical reasons for the supply cuts . While Brussels has accused Moscow of using energy supplies as a "weapon of war".
See also: Putin may soon hire convicted felons to make up for troop shortage during the war in Ukraine Setback, according to the American secret service
© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
According to the report by risk management consultancy Verisk, high energy prices and the rising cost of living after the crisis in the gas supply of the Russia in Europe have brought its wealthier countries to the brink of civil unrest this winter.
What happened: Verisk's report says its Civil Unrest Index found that more than 50% of the nearly 200 countries covered experienced an increased risk of civil unrest mobilization. mass between the second and third quarters of 2022, Reuters reported. .
"During the winter, it would not be surprising if some developed countries in Europe began to see more severe forms of civil unrest," said Torbjorn Soltvedt, senior analyst at Verisk Maplecroft. publication.
See also: Putin's spokesman - Chairman of Russia's 2nd largest oil producer - reportedly dead after falling from window
The report notes that Germany and Norway are among the developed economies experiencing disruptions in daily life due to labor issues. Other countries expected to increase in risk include Bosnia and Herzegovina, Switzerland and the Netherlands.
This happened after Vladimir Putin's invasion of Ukraine led to a sharp rise in food prices, and Russia cut gas supplies led to Europe finding itself at the center of the fallout.< /p>
"And we still have some of the fallout from the COVID pandemic playing into that, with the existing supply chain disruptions," said Jimena Blanco, chief analyst .
Meanwhile, earlier this week, Russia cut off gas supplies through Europe's main supply route, citing technical reasons for the supply cuts . While Brussels has accused Moscow of using energy supplies as a "weapon of war".
See also: Putin may soon hire convicted felons to make up for troop shortage during the war in Ukraine Setback, according to the American secret service
© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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