The European Union will likely agree an embargo on Russian oil imports "within days," Germany's economy minister said on Monday. "We will reach a breakthrough within days," Robert Habeck told German broadcaster …
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 …
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 …
Germany plans to stop importing Russian oil by the end of the year even if the European Union fails to agree on an EU-wide ban in its next set of sanctions, government officials said. Efforts to seal deals with alternative suppliers are …
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 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 may face a shortage of gasoline due to the embargo on Russian oil, Economy Minister Robert Habeck said, adding that the government is working on possible solutions. "Unfortunately, it cannot be ruled out that there will …
German Foreign Minister Annalena Baerbock made clear that sanctions against Russia will only be lifted after a complete withdrawal of its troops from Ukrainian territory. “It is important that we can withstand every sanction that …
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 will not pay for Russian gas supplies in rubles, German Finance Minister Christian Lindner wrote on Twitter on Saturday. Since April 1, Russia has been accepting gas charges from unfriendly states in rubles. According to …
Russia and Europe should resume economic relations to have a chance at negotiating mutually-acceptable gas payments, whereas freezing Moscow's foreign currency assets was a move harmful for both, Tino Chrupalla, the leader of the far-right …
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. …
Uniper, Germany’s main importer of Russian gas, said it would be possible to pay for future supplies without breaching European Union sanctions even though Moscow has demanded payments in rubles. Russia’s demand for gas …
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 …
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. …
Germany will stop importing oil from Russia by the end of the year, said German Foreign Minister Annalena Baerbock after a meeting with her Baltic counterparts on Wednesday. "I therefore say here clearly and unequivocally yes, …
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 …
Vice Chancellor of Germany, Federal Minister for Economic Affairs and Climate Action Robert Habeck spoke against introducing an immediate embargo on gas supplies from Russia in an interview published on Saturday. "An immediate …
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 …
Germany was warned it could face a 220 billion-euro ($240 billion) hit to output over the next two years in the event of an immediate interruption in Russian energy supplies, Bloomberg reported. Economic institutes advising the …
