Russia and Germany

Germany and Italy agree to pay for gas in rubles

Germany and Italy agree to pay for gas in rubles

The authorities of Germany and Italy allowed their companies to open accounts in rubles in order to continue paying for Russian gas without violating sanctions against the Russian Federation, Reuters reports, citing sources. According …

Baerbock predicts Russia oil sanctions deal within days

Baerbock predicts Russia oil sanctions deal within days

German Foreign Minister Annalena Baerbock said she expects the European Union to impose sanctions on Russian oil within the next few days. “We still have to clarify a few things. That won’t happen here today, but I’m …

Siemens to leave Russia, take hefty charge

Siemens to leave Russia, take hefty charge

Siemens will quit the Russian market, it said on Thursday, taking a 600 million euro ($630 million) hit to its business during the second quarter, with more costs to come. During the second quarter Siemens incurred 600 million euros in …

Russia reduces gas supplies to Germany

Russia reduces gas supplies to Germany

Russia reduced natural gas supplies to Germany in retaliation over Europe’s penalties, German Economy Minister Robert Habeck said. A unit of Gazprom PJSC that was seized by Germany is no longer receiving all contracted …

Germany supports EU embargo on oil imports from Russia

Germany supports EU embargo on oil imports from Russia

The German government supports the plans of the European Union (EU) to impose an embargo on oil imports from Russia. During the latest preliminary talks on the sixth package of sanctions against Russia, Berlin spoke in favor of a ban, the DPA …

Germany ready to back gradual ban on Russian oil

Germany ready to back gradual ban on Russian oil

Germany is prepared to back a gradual ban on Russian oil as European Union countries scramble to respond to an escalating energy crisis that saw Moscow cut off gas supplies to two of the bloc’s member states, Bloomberg reported. …

Scholz: embargo on Russian gas harmful for European economy

Scholz: embargo on Russian gas harmful for European economy

An abrupt gas embargo would not bring quick peace to Ukraine and it is important for Germany to avoid a serious economic crisis, German Chancellor Olaf Scholz said in an interview published in Spiegel magazine. "Firstly, I do not …

Scholz: top priority avoiding NATO confrontation with Russia

Scholz: top priority avoiding NATO confrontation with Russia

NATO must avoid a direct military confrontation with Russia that could lead to a third world war, German Chancellor Olaf Scholz said in an interview with Der Spiegel when asked about Germany's failure to deliver heavy weapons to Ukraine. …

Henkel to exit business in Russia

Henkel to exit business in Russia

Germany’s L&HC producer Henkel has decided to exit its business activities in Russia, the company said in a statement on Tuesday. "Against the background of the current developments of the war in Ukraine, Henkel has …

Germans asked to conserve energy to reduce reliance on Russia

Germans asked to conserve energy to reduce reliance on Russia

Germans should start saving energy to become more independent from Russian fossil fuels, Economic Minister Robert Habeck said, as Europe’s biggest country looks for ways to cut reliance on Moscow. Habeck said Germany could become …