No stoppage of all oil, coal and gas imports from Russia, German Finance Minister and leader of the center-right Free Democratic Party (FDP) Christian Lindner said on Monday, citing the enormous cost of doing so in the European economy. Union.
As noted by Kr. Lindner, the immediate cessation of Russian gas imports from Russia “would hit the EU more financially and Moscow less.”
The German Finance Minister stressed that he would not like to speculate on whether the EU will decide on a total ban on imports of Russian energy products.
He noted that he and the German government support the severance of all EU-Russia economic ties, but that the gas, oil and coal sectors should be excluded, in Berlin’s view, from such a move.
Many European countries, mainly Poland and the three Baltic states, are calling for an immediate ban on the import of all Russian hydrocarbons, while French President Emanuel Macron also spoke out today in favor of a ban on the import of Russian oil by the “27”.
However, Germany, as well as other countries, are in favor of a more gradual energy dependence on Moscow, fearing a blow to their economy and the political turmoil it could cause.
Source: Capital
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
