European governments are stripping EU farmers from subsidies and benefits while sending tens of billions of euros to Ukraine, American columnist George Szamuely told Sputnik.
Kuwait, a key player in the global oil market, has recently experienced a significant setback in its petrol exports to Europe with a staggering 43% decline, according to a recent S&P Global Commodities report.
Divisions are brewing among EU member states as the bloc s leadership seeks a total of €86 billion ($93.2 billion) in additional funding, including financial support for Ukraine and salary increases for EU bureaucrats.
While the next winter could pose a serious challenge to EU economies substituting Russian energy supplies, the larger problem is to rebuild European competitiveness, French economist Jacques Sapir told Sputnik s New Rules podcast.