We are working every day to stop taking Russian gas, from Germany

In recent weeks, Germany has faced criticism from other EU countries for not being clear on the issue of disconnecting from Russian gas. Now, however, a strong voice is coming out of Berlin saying that Europe’s strongest economy is working hard to end its dependence on Russian gas.

“Germany is working every day to do without Russian energy,” he announced. german Economy Minister Robert Habeck said on Monday. Habeck was reacting to a question from journalists at a government press conference about whether the casualties of Ukrainian civilians would speed up Germany‘s path to ending its consumption of Russian gas.

Full embargo

“We are creating the conditions for us to accept a full embargo,” Habeck said, adding that this approach “will hurt Putin every day.” Bavarian Prime Minister Markus Söder has criticised Germany’s current energy policy, saying he is against shutting down nuclear power plants.

Energy from renewables

“We need five nuclear power plants for the next five years. So is the gas pipeline from southern Europe to southern Germany. We also need to look at fracking options,” Söder said, referring to Europe’s vast shale gas reserves. Germany is thus likely to rethink the speed of its move towards exclusively renewable energy sources.

author avatar
EditorialTeam
The Trader-Magazine.com EditorialTeam is a collective of certified financial analysts, active traders, and cryptocurrency experts. Our mission is to transform complex market data (forex, equities, indices) into accessible financial education. All content undergoes rigorous, multi-level fact-checking to ensure we deliver only accurate, objective information for your trading and investment decisions.

Top 10 financial instruments for 2022. What will their prospects be in 2023?

The year 2022 has brought countless surprises and obstacles...

Telegram scams: how they work and how to protect yourself

Telegram has become one of the most widely used...

Trump Saved TikTok from a Ban. The App in the U.S. Moves into American Hands

TikTok narrowly avoided a ban in the United States...

Climate Change Poses Major Risks to Financial Markets, Regulator Warns

WASHINGTON — A top financial regulator is opening a...

Golden Brokers Review

Golden Brokers Limited was founded in 2018, it is...

Real Estate ETFs: A Practical Guide to REIT Exposure Through Funds

Real estate has long attracted investors looking for rental...

Musk reportedly invested a billion dollars in the Skydance media group

American billionaire Elon Musk has invested roughly one billion...

Meta increases profit and revenue, to issue new class of shares to finance AI investments

Meta Platforms - the American internet company increased its...

The US dollar is weakening, with doubts surrounding AI behind its decline

The US dollar is weakening today. According to Reuters,...

European stocks fall amid concerns over economic impact of protests in France

European stocks are falling after the opening of trading....

Robotics Stocks: A Framework for Finding Real Automation Exposure

Robotics is becoming an increasingly important investment theme as...
spot_img

spot_imgspot_img