Tag Archives: Germany

Europe could Plunge into Recession if Russia Cuts its Gas Supply

Last week, Moscow made good on its threat to weaponize its energy exports in retaliation against Western sanctions by imposing wide-ranging export bans. Alexander Novak, Russia’s deputy prime minister, said his government has the “full right” to “impose an embargo” on gas supplies by halting gas supplies through the Nord …

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Germany’s Lindner Rejects Russian Oil, Gas Ban

German Finance Minister Christian Lindner remains opposed to a boycott of Russian oil and gas, even with leading members of his Free Democratic Party saying restrictions should be imposed to punish Russia for its invasion of Ukraine, the Tagesspiegel newspaper reported on Sunday. “Our concern must be to build up …

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How Dependent is Germany on Russian Gas?

Russia has warned it may shut off its main Nord Stream gas pipeline to Germany after Berlin halted approval of a second line across the Baltic Sea in response to Russia’s invasion of Ukraine. The comment, from Russian Deputy Prime Minister Alexander Novak, reflects escalating tensions that have already sent …

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