According to reports, local time on February 21st, Russia signed the President President of Putin to recognize independence of the People’s Republic of Donetsk and the People’s Republic of Lugansk, and signed Friendship of Russia and Donetsk People and Lugansk People’s Republic. Cooperative mutual help treaties. The Ukrainian Russian border situation is subtle, and the tension between Europe and the United States and Russia seems to reach the peak, no doubt that the EU economy will also be affected by complex geopolitics.
According to the latest data, the European stock market fell more than 2 percentage points on Tuesday on February 22, and the Eurostoxx50 fell slowly, returned to 3,900 points; Spain IBEX 35 below 8,400 units, even new year below 8,300 units. At the same time, Russia’s stock market is not calm, and its reference index MoEx plunged 10.5% on Monday, February 21, and fell by 4 percentage points on Tuesday, located below 3000 points, which was the lowest level since November 2020.
According to the latest data, crude oil prices also fluctuate with the situation in Russia in Ukraine, Brent crude oil prices returned to $ 97, which is the highest level since 2014. In the case of conflict with Russia, NATO, this will mean that Russia or stop raw material mining, the analysis company does not exclude the price increase will be higher than $ 125.
Russia exports natural gas to Europe mainly through the pipelines in Ukraine, according to the latest data of the EU Statistics, Russia’s natural gas accounted for more than 40% of the annual imported natural gas. European natural gas prices have soared, in addition to supply tension, it also hits high demand, and is lower than expected from Russia’s imports. On February 16, the Chairman of the EU Executive Committee, said that the EU will be able to deal with part of the import of natural gas imports from Russia. The EU has talked to the United States, Qatar, Egypt, Azerbaijan, Nigeria and South Korea, which can be conversed with the increase in natural gas and liquefied natural gas, which can be achieved by increasing transportation or contract exchange. With the support of the United States, the EU’s natural gas supply looks guaranteed, but there is no doubt that natural gas supply is still affected. According to the data given by Kepler, the US export to the EU has a natural gas scale of 4.3 million tons in January this year. The year-on-year increased by 10%; while Russia’s air supply scale plunged, nearly 5.8 million tons. In the short term, the natural gas prices in the EU will not decline. An analyst of the Russian Energy Consulting Company pointed out that by May 2023, European natural gas prices will remain at a high of $ 800 / thousand cubic meters. Data of the InterContocal Exchange of the London show that last Friday (February 18) closed, Natural gas futures prices in March 2022 reached $ 835.
Post time: Feb-23-2022