Russia is one of the world’s main producers of hydrocarbons: in 2020, it accounted for 17 per cent of the supply of natural gas, 12 per cent of crude oil, and 5 per cent of coal.
Following the outbreak of the war, the economic outlook has worsened, although the vigorous growth recorded in Italy in 2021, which intensified progressively, ensured that 2022 started at a relatively high level, and the economic system has so far shown considerable resilience. Based on the latest data, another very small increase was recorded in the first quarter. So what will happen next?