Authored by Victoria Friedman via The Epoch Times(emphasis ours),
Sweden may need to consider options to reduce energy consumption, including rationing, if the disruption to the flow of fuel supplies continues as a result of the Iran war, the country’s prime minister and finance minister said on on April 23.
“We are not planning any rationing right now, but we are prepared for it to happen,” Prime Minister Ulf Kristersson said at a press conference, according to Swedish daily newspaper Aftonbladet.
Speaking alongside the prime minister, Minister of Finance Elisabeth Svantesson described the situation as “the worst crisis in a very long time, when it comes to energy.”
“Government rationing is something that you absolutely want to avoid in every situation.That is why we are working on measures that will ensure that we do not get there,” Svantesson said.
Kristersson also said the Swedish economy is now in a worse scenario than it was before the conflict.
The warnings from Sweden come asother countries in Europe are bracing for the impactof surging energy prices.
On April 22, Germany’s economy ministry cut its growth forecasts in half for 2026, with Minister for Economic Affairs and Energy Katherina Reiche saying economic recovery will be “slowed down by external geopolitical shocks.”
Germany nowexpects0.5 percent growth for this year, down from an earlier projection of 1 percent.Next year’s growth outlook has also been cut 0.9 percent from 1.3 percent.
The Federal Ministry for Economic Affairs and Climate Action said the Iran war, and the closure of the Strait of Hormuz “especially,” has led to shortages and a rise in the price of energy and other commodities.
Source: ZeroHedge News
