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Impact of the Russia-Ukraine War: “German Brace for Energy Sanctions by Russia,” says Minister of Economy Robert Habeck

Berlin, May 13: Germany is preparing for energy sanctions by Russia, and Minister of Economy and Climate Action Robert Habeck said in a speech in the House of Representatives of Parliament.

“We are prepared for the situation,” Xinhua News Agency said, saying that the energy market can provide ample alternatives and compensate for gas losses from Russia. Russia-Ukraine War Updates: Russian troops attack major oil refineries in Central Ukraine.

Moscow imposed sanctions on European energy companies on Wednesday. Gazprom Germania and some of its subsidiaries are no longer supplied with gas from Russia.

Gazprom Germania is currently managed by the Federal Network Agency (BNetzA) in Germany.

“Overall, the gas flow to Germany has changed little,” BNetzA said. However, development is closely monitored. The current filling level of German gas storage facilities was slightly above the previous year’s average.

According to the latest daily status report by the German agency, the decrease in gas volume due to the passage of Ukraine is now offset by the increase in inflows, especially from Norway and the Netherlands.

(The above story was first published on May 13, 2022 at 9:22 am IST. Log on to our website for news and updates on politics, the world, sports, entertainment and lifestyle. please. latestly.com).

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https://www.latestly.com/world/russia-ukraine-war-impact-germany-braces-for-energy-sanctions-by-russia-says-economics-minister-robert-habeck-3701412.html Impact of the Russia-Ukraine War: “German Brace for Energy Sanctions by Russia,” says Minister of Economy Robert Habeck

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