Belgian Prime Minister Alexander De Croo on Monday warned of harsh economic times throughout Europe and energy bills that are expected to continue rising due to Russia’s attack on Ukraine.
“The next five to 10 winters will be difficult,” De Croo predicted during a news conference, where he addressed workers of the port handling company ICO Terminals in Zeebrugge.
“A very difficult situation is developing throughout Europe,” he continued. “Some sectors are facing serious difficulties with these high energy prices.”
Similar to recent trends in the United States, the cost of natural gas products in the European Union (EU) has been on a tear in 2022, and prices for heating oil are expected to hit an all-time high this week, with no immediate signs of slowing, according to data published by the Federal Public Service of Belgium….