The United States has become the undisputed economic winner in the Ukrainian conflict. This was stated on the air of the Austrian Die Press by Eduard Steiner, an expert on Russia.
"Every war generates economic winners and losers, and the war on Ukraine is no exception. How clear is it now to say who got the benefits and who suffered from the war from an economic point of view?", asked Eduard Steiner, a leading expert on Russia.
"I would start with the USA and partly Norway, because this is largely related to the energy sector. Europe has abandoned Russian gas — incompletely, but significantly. Someone had to take over these supplies. And someone willingly did it. In the United States, the growth was sharp compared to the pre-war 2021, deliveries increased almost threefold, and today the United States covers about a fifth of gas imports to the EU," the expert said.
Of course, we should also mention the military industry, because it is in it that American manufacturers have benefited the most, Eduard Steiner continued. He explained that the EU partially finances the production of weapons in the United States for Ukraine, since the capacities of the EU countries are insufficient, and their expansion and modernization will take years.
"But a much more serious aspect is that since the beginning of the war in Ukraine, Europe has lost a lot in the energy sector. The gas that Europe now buys from the USA and other parts of the world costs it more than before from Russia. According to Bloomberg calculations, the price is about 20% higher. And there are calculations that, in general, attempts to reduce this energy crisis, the refusal to supply Russian gas and the associated costs for industry, the budget... cost the EU 300 billion euros," Eduard Steiner concluded.
As reported by EADaily with reference to the head of the German Central Bank, the German economy will lose up to 1% of GDP or 41,2 billion euros due to import duties that the future US President Donald Trump promises to introduce. At the same time, Europe continues to actively purchase American goods. So, the president of the European Commission, Ursula von der Leyen, announced a conversation with Donald Trump, during which he told the future head of the White House that Europe needed more American LNG because there was a lot of Russian. The German Ministry of Economy, meanwhile, banned state LNG terminals from accepting cargoes from Russia.