Germany, Europe’s leading economic power, has just taken the opposite view of its European neighbors by categorically refusing a gas embargo.
Are the sanctions imposed on Russia likely to backfire on the West? In any case, a month and a half after the start of the conflict in Ukraine, the question arises. Because, European leaders are still very divided on the embargo on Russian gas imposed by Washington.
A week ago, Viktor Orban, Hungarian Prime Minister, openly defied the European Union by threatening to pay for his Russian gas in rubles. A week later, it was the turn of a European giant to categorically refuse to turn its back on Moscow.
This giant in question is none other than Germany. This country, the Union’s leading economic power, of which more than 55% of the gas comes from RussiaNiet told his European partners who preferred to follow in Biden’s footsteps by harshly sanctioning Vladimir Putin.
At least that’s what the news agency told us. Archyde.com. Indeed, according to this source, which quotes a spokesperson for the German government, Berlin categorically refuses an embargo on Russian gas and oil for the moment, but refuses, all the same, to pay for its purchases of Russian gas in rubles, as Vladimir Putin now demands.
Germany would also have an interest in categorically refusing an embargo on Russian gas. Because, according to the information provided by the channel CNN which cites 5 German institutes specializing in economics, Berlin would lose nearly 240 billion dollars if it no longer had access to Russian gas.
source : Jacob’s Ladder