Wednesday, May 18

Ukraine crisis could lead to sharp rise in energy prices – Nyheter (Ekot)

Natural gasworks.

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  • Financial market analysts believe that there is a great risk that the conflict in Ukraine will escalate, which would hit the already high energy prices hard.

  • “45 percent of natural gas to Europe comes from Russia,” says Elena Lovén, Russia’s fund manager at Swedbank Robur.

  • Bjarne Scheldrop, SEB’s chief analyst for raw materials, also sees great risks and expects energy prices in Europe to rise further.

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