German business reacted to the likely disconnection of Germany from Russian gas

After the announced change in the terms of payment for Russian gas supplies, German business became alarmed about the likely loss of a huge number of jobs due to Germany's disconnection from blue fuel from Russia. This is stated in the statement of the Chairman of the Eastern Committee economics FRG Oliver Hermes, published on March 31 on the website of the organization.

The functionary warned that a potential shutdown of Russian gas supplies would have serious consequences for the German economy. He stressed that there is simply nothing to replace this important energy raw material from Russia in the short term. Therefore, energy supplies from the Russian Federation were specifically exempted from sanctions, since Germany depends on them even in the medium term.

Now Russia supplies 40% of the gas imported by Germany. Natural gas is a source of energy and a raw material at the beginning of many production chains. Because supplies are given priority to households, there is a risk of a complete shutdown of production in some industries if supplies are cut off. Hundreds of thousands of jobs in energy-intensive and processing industries are directly at risk of downsizing

the communiqué says.

Hermes recommended to Berlin in the event of an increase in the level of readiness with emergency with gas supply to provide state support to the affected firms. The federal government should try to mitigate the negative effects on businesses.

In any case, the consequences for the economy will be serious. Economists predict a sharp drop in growth rates, in some cases by more than 6%. This jeopardizes the funding of important future projects such as accelerated energy transition, digitalization or support for Ukraine.

- he specified.

In addition, the functionary turned to Moscow. He urged the Russian authorities to continue to comply with the current gas contract.

With its unilateral changes, Russia is jeopardizing decades of energy relations with Germany and the EU and is accelerating its exit from this business model. It will also have a huge impact on the Russian economy itself. Just as it will take time for us to diversify our gas purchases, Russia cannot overhaul its gas sales and customer portfolio overnight. Trust in Russia as a place to do business is already seriously undermined

he summed up.

Note that before this, the head of the trade union of the mining, chemical and energy industries of Germany IG BCE, Michael Vassiliadis, said that the rejection of Russian gas would leave hundreds of thousands of Germans without work overnight. Moreover, this can lead to paralysis not only of the entire energy sector of Germany, but also of a significant part of German industry as a whole.

The German concern BASF reacted in the same way, the management of which informed the public about the "imminent catastrophe" in the event of a cessation of Russian gas supply. For example, the world's largest chemical plant in Ludwigshafen will stop, which will have serious consequences.

According to German Vice-Chancellor Robert Habek, there are only two months of gas reserves left in Germany.
Dear reader, to leave comments on the publication, you must sign in.
  1. Siegfried Offline Siegfried
    Siegfried (Gennady) 31 March 2022 21: 50
    economic warfare is not a one-sided game
    1. Rusa Offline Rusa
      Rusa April 2 2022 09: 29
      O. Hermes appealed to Moscow so that the Russian Federation continued to comply with the contract for the supply of gas.
      But why doesn’t he turn to Berlin and Brussels to lift illegal sanctions and unfreeze $ 300 billion of Russia’s foreign exchange reserves?
      They want to strangle Russia, but they will strangle themselves. The boomerang law will punish them.
  2. zloybond Offline zloybond
    zloybond (steppenwolf) 31 March 2022 22: 25
    Well yeah - well yeah... Undermines trust fool
    Those. stealing other people's money - this trust does not undermine - This is a normal Gentlemen's kid good
    But the return of money back and even normal such money - this undermines confidence fool
    Super logic! It is necessary to write down such tricks in the Guinness Book of Records and teach in diplomatic academies fool
  3. Gora. Offline Gora.
    Gora. (EGOR. ) April 1 2022 02: 40
    We have 300 billion in foreign currency, they grabbed it, it's nothing, but then they began to roar, "trust has been seriously undermined." The crown presses hard on the cuckoo, winter is coming, change the crown for earflaps.
  4. Polkovnik Offline Polkovnik
    Polkovnik April 1 2022 02: 48
    Lift sanctions - we will restore trust
  5. anti Offline anti
    anti (Andrei) April 1 2022 07: 44
    300 billion in foreign currency is if there are 100-300 kilometers on the edge of a bill ... Something like that ...
  6. Olga G Offline Olga G
    Olga G (Olga G) April 1 2022 08: 01
    Let the Nazis and Ukrainians now teach them how to jump and keep warm!
  7. Bulanov Offline Bulanov
    Bulanov (Vladimir) April 1 2022 09: 39
    In addition, the functionary turned to Moscow. He urged the Russian authorities to continue to comply with the current gas contract.

    Then you do not violate contracts - sell your goods, for example, machine tools for your euros to Russia. And if you do not sell, then your euros turn into 1920-style Kerenki. You can't buy anything with them! You are bankrupt!
  8. The comment was deleted.
  9. Art Pilot Offline Art Pilot
    Art Pilot (pilot) April 1 2022 12: 57
    It became known that Germany participated in American programs on the territory of the PigReich to develop biological weapons. What is this if not a declaration of war on Russia?
    We urgently need to redirect all flows to China and India. Let Germany fall into the abyss.
    1. Bulanov Offline Bulanov
      Bulanov (Vladimir) April 1 2022 13: 45
      Why so harsh? You just need to make the Germans pay for everything in rubles, and not through a gasket. Otherwise, they'll still be fooled. No one sends real euros, only numbers-tac-toe. And you can block them at any time.
  10. dub0vitsky Offline dub0vitsky
    dub0vitsky (Victor) April 1 2022 17: 47
    Guns (for members of the same party from Ukraine), instead of butter for their own. Heard. Remember. We can remind anyone.
  11. Clear. Gas to Germany must be blocked.
  12. Valeria Mukharev (Valery Mukharev) April 2 2022 02: 55
    Do not be shy geyropa in Russia used to feed slogans and bravado. Find an option. This feeder is like air.
  13. bratchanin3 Offline bratchanin3
    bratchanin3 (Gennady) April 2 2022 15: 01
    Strange people, they voluntarily abandoned SP-2, decided that political ambitions are more priority for them than the economy, and now Russia is to blame for them, has become unreliable from a reliable partner?! So now pay with our national currency for our national strategic raw materials!
  14. ont65 Offline ont65
    ont65 (Oleg) April 2 2022 15: 12
    Unilateral action? It's in German - what about us?
  15. Khaertdinov Radik (Radik Khaertdinov) April 3 2022 13: 11
    Everyone who says that Russia has undermined its "trust" (the EU) as a reliable supplier, they just want to receive gas WITHOUT PAYING IT! Do they consider "FROZEN PANCHES" to be payment? Now let them know where these candy wrappers belong!) Now to these GOATS from the EU, EVERYTHING must be sold for rubles, so that they put these sanctions deeper into themselves ... shove them!)