Gascade gas compressor station on the German-Czech borderMOSCOW, 14 Apr. The imposition of an embargo on Russian energy carriers will lead to devastating consequences for the German industry, Markus Steilemann, CEO of the chemical concern Covestro, said. The Daily Mail writes about this. «This could lead to the collapse of the entire production and supply chain. This will endanger hundreds of thousands of jobs,» the entrepreneur said. Steilemann added that the long-term consequences of the Ukrainian crisis are not yet clear, but German society has already suffered great damage. Earlier, the head of the chemical concern BASF, Martin Brudermüller, warned of the risk of a severe crisis in Germany since the Second World War in the event of a failure of Russian energy sources.Russophobia kills. What the blockade of Russia will lead to Germany, like other Western countries, is faced with a sharp increase in fuel prices after the introduction of large-scale sanctions against Moscow in response to the special operation of the Russian army in Ukraine. It was mainly the financial sector and the supply of high-tech products that were hit, but the authorities of a number of countries announced their intention to abandon Russian energy carriers. The Kremlin called these measures an economic war, the likes of which have never been seen before. The authorities stressed their readiness for such a development of events and assured that they would continue to fulfill social obligations. The Central Bank is taking measures to stabilize the situation on the foreign exchange market. The authorities also announced the transfer of payment for gas to unfriendly countries in rubles. In addition, the government has prepared a plan to counter the restrictions, which includes about a hundred initiatives. The volume of its funding will be about a trillion rubles.
