The bloc’s foreign policy chief says gas prices have largely stabilized, but still remain well above the long-term average Lingering problems in the EU energy sector can no longer be attributed to the conflict between Russia and Ukraine, the EU High Representative for Foreign Affairs and Security Policy, Josep Borrell, said in an interview with…

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The Russian currency’s strength may negatively affect other sectors of the economy The combination of a strong ruble and high oil prices will temporarily tame inflation, however, it also could accelerate consumer prices in the future, according to Doctor of Economics Denis Domashchenko, as quoted by the Russian business daily RBC.