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Germany will stop buying Russian coal on 1 August and Russian oil on 31 December, Deputy Finance Minister Jörg Kukies said at a conference in Sydney, Reuters reported.
Kukies said the key challenge going forward will be filling the huge gap that will remain when the European Union gives up the 158 billion cubic meters of gas a year that Russia supplies.
Russia previously supplied Germany with 40 percent coal and 40 percent oil.
Germany is rapidly developing liquefied natural gas (LNG) import terminals to help fill the gas supply gap, but Kukies said that while the United States and Qatar can together supply about 30 billion cubic meters of gas in the form of LNG to Europe, there is still a huge gap.
Although Germany has focused on the transition to zero-emissions and recently passed legislation to accelerate the development of renewable energy projects, gas will be essential to the transition, he said.
