FT: Germans panic over government plans to cut off Russian gas

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MOSCOW, April 21 – RIA Novosti. Residents of Germany are alarmed because of the plans of the authorities to abandon the import of Russian gas, writes the Financial Times.
As noted in the material, talk of a complete embargo is sowing panic among the Germans, since before the start of the special operation in Ukraine, Moscow’s share in this market was 55 percent. Any sudden shutdown of gas could paralyze a significant part of the industry of the Federal Republic, German business representatives predict.

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Martin Brudermüller, chief executive of the world‘s largest chemical concern BASF, believes that such a decision by the authorities will plunge Germany into the worst crisis since the Second World War. The head of the BDI (Bundesverband der Deutschen Industrie), Siegfried Russwürm, said that the refusal to supply fuel would cause great damage to Berlin’s strongest side – its economic stability and power.
The embargo on Russian raw materials will have the most negative impact not only on industrial giants, but also on small companies.
“Rosenthal” is one of the oldest factories for the production of Chinese porcelain dishes. She has experienced a lot in her 140-year history. But it was not prepared for such a strike: the threat of a gas cutoff would lead to an immediate cessation of the enterprise’s activities,” the article says.
The organization’s executive director, Mads Reeder, said that Rosenthal has no alternative energy sources to create plates, cups and vases.
After the start of a special operation to demilitarize and denazify Ukraine, the United States and the European Union stepped up sanctions pressure on Russia. Restrictive measures are directed primarily against the banking sector and the supply of high-tech products. In Europe, calls have become louder to reduce dependence on Moscow’s energy resources. For example, German Foreign Minister Annalena Berbock announced Berlin’s intention to stop importing Russian gas as soon as possible.
The actions of American and European officials have already turned into economic problems for Western countries and caused an increase in fuel and food prices. The Kremlin called the sanctions an economic war, the likes of which have not yet been, but stressed that they were ready for such a development of events.

BI: China and India thwarted Western plans to “strangle” Russia

Translation by RJ983

Disclaimer: Via RIA Novosti – Checked

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