The price of gas in Europe for the first time since the beginning of March exceeded $1,900 per thousand cubic meters. This is evidenced by the data of the London Stock Exchange ICE.
August futures at the TTF hub in the Netherlands rose to $1,926 per 1,000 cubic meters. In general, the price of gas has increased by 7% since the beginning of trading.
From February to May 2022 Russia was reportedly able to double its profits from the sale of energy resources to China and India, to $ 24 billion. Western sanctions led to an increase in oil and gas prices, accelerating inflation, which could lead to a recession in the economies of developed countries .