According to reports, when the European Union agreed to the implementation of Russia’s oil, and Russia selectively restricted its natural gas transportation of European countries, the Spanish bank analyzed the impact of significantly reduced imports from Russia. Complete interruption of Russian natural gas and oil will reduce the GDP of Spain by 0.8% to 1.4%, and the inflation rate will increase by 0.8% to 1.2%.
It has a greater impact on other EU countries that rely on Russian energy to rely on Russian energy: the impact on Germany’s GDP between 1.9% and 3.4%, the impact of Italy’s GDP between 2.3% and 3.9% is between 2.3% and 3.9%. Small, between 1.2% and 2%.
Analysis of this situation caused by various industries in Spain: Those who are most affected in the Spanish economy will be those industries that need more intensive use of energy, such as transportation, heavy industry and chemical industry. On the other hand, the smallest affected is real estate and other industries.