The Czech Republic said Russia would not suffer if the EU refused its gas

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MOSCOW, April 27 — RIA Novosti. Russia will suffer little economically if the European Union denies it its energy resources, unlike the Czech Republic and Germany, he wrote in an article for the portal, Lukas Kovanda, chief economist of Trinity Bank Prague.

According to his forecasts, in the event of an oil embargo and a reduction in gas supplies to EU two-thirds can be expected that Russia will still achieve a foreign trade surplus of around US $ 200 billion this year, which is in line with last year’s figures.

«Russia would not suffer too economically from the EU cutting off gas and oil,» said Kovanda.

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Алексей Гармаш
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