Astora gas storage facility in Rehden, Germany. File photoMOSCOW, 3 Apr. The imposition of an embargo on energy supplies from Russia could put an end to the prosperity of Germany, Economics Minister, Vice Chancellor Robert Habeck said on the air of the ZDF TV channel. According to him, Germany lacks infrastructure for importing gas and oil in other ways.
"I took an oath and I cannot risk the prosperity of my country", said Habek.
The German politician believes that a complete rejection of the supply of resources from Russia threatens to close the world's largest chemical concern BASF.»If there will be no half of the total gas supply, BASF may close,» the Vice-Chancellor admitted. In addition, with a shortage of resources, there is a risk of energy companies migrating abroad, for example, to Asia, Habek concluded.
Germany said that Russia will receive record revenues from gas exportsOn February 24, Russia launched a military special operation in Ukraine. In response, the West announced new anti-Russian sanctions, which are directed primarily against the banking sector and the supply of high-tech products. Calls to reduce dependence on Russian energy resources began to sound louder in Europe. The Kremlin called these measures an economic war the likes of which had not yet been, but stressed that they were ready for such a development of events. The Bank of Russia takes measures to stabilize the situation on the foreign exchange market; payments for gas supplies to unfriendly countries were transferred to rubles. In addition, the government has prepared a plan to counter restrictive measures, which includes about a hundred initiatives. The volume of its funding will be about a trillion rubles.