Note

Germany’s Habeck: A full Russian oil embargo would be ‘manageable’

· Views 30

Germany’s Economy Minister Robert Habeck said late Tuesday, it is possible to manage a full embargo on Russian oil imports, as Europe contemplates a continent-wide ban that would hamper the global trade in petroleum.

The share of Russian oil in Germany’s imports has fallen to about 12%, from 35% before the invasion of Ukraine, Habeck said.

As for Germany's remaining fossil fuel dependence on Russia, he said Berlin was on track to finding an alternative coal supply to comply with the EU's embargo last month on Russian coal imports.

Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.

FOLLOWME Trading Community Website: https://www.followme.com

If you like, reward to support.
avatar

Hot

No comment on record. Start new comment.