An immediate interruption in Russian energy supplies over the war in Ukraine could jeopardize 220 billion euros ($240 billion) of German output over the next two years, a report warned. Economic institutes advising the government in Berlin said Wednesday in a joint forecast that a full halt in Russian natural gas imports would result in a “sharp recession.” The loss to Europe’s biggest economy would be equivalent to 6.5% of annual output, they said. “The decision to become independent from Russian supplies of raw materials is likely to remain valid even when the military and political situation calms down again,” the report said. “That means part of the energy supply and energy-intensive industry must realign itself.” Atrocities […]