
Flags on the Bundestag building in Berlin, GermanyBERLIN, Mar 30 Economic Development Council in Germany lowered its development forecast for 2022 due to the situation in Ukraine, GDP growth could be only 1.8%, last November, experts predicted 4.6% growth for the current year. As representatives of the council said at a briefing in Berlin, a possible termination energy supplies from Russia can lead to the fact that the German economy, which «has not yet fully recovered from the crisis caused by the coronavirus, will slide» into an even deeper recession, inflation will grow even more, in particular, its growth could reach more than six percent. Next year, experts predict GDP growth of 3.6% On Wednesday, a report with a forecast from the Economic Development Council will be handed over to Chancellor Olaf Scholz. C in connection with the possible cessation of gas supplies from Russia. He stressed, commenting on Russia's demand to pay for energy supplies in rubles, that Germany does not recognize «any violations of private supply contracts» in which the currencies in which payment is made are indicated. Russian President Vladimir Putin said on March 23 that Russia is converting payments into rubles for gas supplies to unfriendly countries, it makes no sense to supply Russian goods to the EU and the USA and receive payment in their currency. Putin instructed the Central Bank and the Cabinet of Ministers to determine the procedure for transactions with Europe in rubles within a week. At the same time, he said that Russia will continue to supply gas in volumes and at prices fixed in earlier contracts, as the country values its reputation. >German Economy Minister opposes paying for Russian gas in rubles

