Allianz Research

Allianz Global Wealth Report 2024:
Surprising relief

The (energy) price of war for European households

The invasion of Ukraine will propel Europe's already high energy prices even higher: We expect at least +30% increase in the energy bill for 2022, hitting low-income households in the UK and Germany the hardest. 

Can Europe do without Russian gas?

Giving up gas imports from Russia, which account for 36% of total EU gas supply, will not be easy for Europe. We estimate the amount of energy at risk across the EU at almost 10% of final consumption. 

Russia-Ukraine crisis: conflict escalation

The escalation of the conflict between Russia and the Ukraine is likely to have important economic and financial consequences through three main transmission channels — energy, trade, and the financial sector — depending how current and future sanctions will play out.