#Energy Prices

Iran promises strikes on US bases in Europe, Trump declares 'total victory', and Pakistan and Qatar call for dialogue. Experts forecast a sharp rise in winter heating costs.

The 2026/2027 heating season in Kyiv, Dnipro, Lviv, and Kharkiv begins without tariff increases for the population. We break down the rates per gigacalorie and factors affecting the final bill amount.

Christine Lagarde stated that the inflation shock in the eurozone will last longer than expected due to the conflict in the Middle East and rising energy prices. The ECB this week raised its rate for the second time to 2.5% and is ready for further tightening.

Industrial inflation in Ukraine reached 42.5% year-on-year in July 2026, with over 80% of the monthly increase generated by the energy sector. Experts warn of the risk of a new wave of consumer price growth in autumn and winter.

Ukrainian metallurgy faces double pressure: Russian strikes on plants and electricity that is more expensive than in Europe. The government has introduced auctions for direct contracts, but the mechanism needs refinement.