GENERICO.ruWorldThe head of Bosch: the rejection of Russian gas threatens the economic power of Germany

The head of Bosch: the rejection of Russian gas threatens the economic power of Germany

GermanyMOSCOW, 10 Apr. Germany's refusal of Russian gas will lead to a complete halt in production at Bosch's factories, said group leader Stefan Hartung in an interview with the Handelsblatt newspaper. supply chain, and not only from Bosch,” he explained. According to Hartung, the consequences could be much more serious than from the coronavirus pandemic: Germany risks destroying the “industrial basis of its economic power.” Western countries have imposed large-scale sanctions against Russia after the start of a special military operation to denazify and demilitarize Ukraine. The restrictions primarily affected the banking sector and the supply of high-tech products. Europe is getting louder and louder calls for the abandonment of Russian energy resources. Some companies have ceased operations in Russia.The Bavarian Prime Minister warned of “shocks” in the event of the refusal of Russian gasThe Kremlin called these measures an economic war similar to which has not happened yet, 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. The sanctions pressure on Moscow has already turned into economic problems for the United States and Europe, causing a serious rise in prices for fuel and products.


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