According to calculations made by Bruegel, a Brussels-based think tank, the cost of replacing Russias total gas exports to EUs 28 member states would take €36.5 billion out of the Russian economy, equivalent to 2.2 percent of its GDP. For the EU, the cost of replacing Russian gas supplies with Norwegian, North African, Dutch and more LNG imports would amount to €10.8 billion, or 0.08 percent of the EU GDP. more here: bruegel.org/nc/blog/detail/article/1283-can-europe-survive-without-russian-gas/
Posted on: Wed, 26 Mar 2014 15:23:02 +0000