The price of oil is also rising.
The price of gas in Europe in Monday, March 7, rose to $3,000 per thousand cubic meters. Gas rises in price as the US and the EU are discussing the possibility of an embargo on Russian energy carriers, reports the Chronicle.info with reference to RBC-Ukraine. March, reaching the highest level since 2008. In the first few minutes of trading on Monday, both benchmarks jumped to their highest levels since July 2008: Brent — $139.13 and WTI — $130.50.
The escalation of Russia's war in Ukraine has led to a sharp rise in commodity and energy prices. In addition, the war hit the single European currency and its stock markets.