Europe is NOT doing a lot worse. Most countries do not depend on Russian gas. Germans and a couple of other countries do. A reduction in gas usage this winter along with increasing renewables (and some coal and nuclear) along with higher fuel prices, will allow us to manage this winter. It’s going to be a little difficult, but Europe is preparing to overcome.
Put it simply, if Europe learns to manage without Russian gas this winter, Russia could lose a significant chunk of revenue from gas in the long run.
In short, Europe are not doing a lot worse. In fact, things haven’t changed that much till now. They will get more difficult, but the Germans are prepared.
It is - it is doing a lot worse. They still actually think Russia as an economy is on par or worse than Italy. This is a country rich with some of the most essential commodities our civilisation needs and people think they are being bled.
I am not an economist so I refer to people who understand economics and give us the truth and not watered down garbage that MSM does.
https://peakprosperity.com/ecb-raises-rates-the-golden-ruble/