German Business Fears Best Days Behind It as Economy Crushed by Loss of Russian Energy

Jul 24th 2023 8:37am EDT

European industrial behemoth Germany has found itself among the nations hit hardest by the West’s attempt to ‘punish’ Russia for its military operation in Ukraine, with industrial output slumping and the country sinking into a recession earlier this year after losing access to the cheap and reliable supply of Russian hydrocarbons.

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