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Germany wants to be almost free of Russian oil and coal by the end of the year – POLITICO

BERLIN – Germany will almost halt its imports of Russian oil and coal by the end of the year, the country’s Economy and Climate Minister Robert Habeck said on Friday.

“Companies let their contracts with Russian suppliers expire, do not renew them and switch to other suppliers at breakneck speed,” said Habeck in Berlin at the presentation of a report on German energy security. Germany gets 55 percent of its natural gas, 52 percent of its hard coal and 34 percent of its oil from Russia.

Germany is under increasing pressure from Poland and the Baltic states to immediately stop all energy imports from Russia; It is “still too early” for an energy embargo, said Habeck, but the termination of individual import contracts has a cumulative effect.

This will reduce Germany’s dependence on Russian oil to about 25 percent in the coming weeks, he said. It should then be halved in the summer and almost completely ended by the end of the year.

In the case of coal, imports will be halved in the coming weeks and almost ended by autumn.

“By the end of the year we want to be almost independent,” said Habeck.

He said easing dependence on Russian gas will last at least until 2024.

“The first important milestones have been reached in freeing us from the grip of Russian imports,” Habeck said. “Every terminated supply contract harms Putin.”

https://www.politico.eu/article/germany-aims-to-be-nearly-free-of-russian-oil-and-coal-by-years-end/?utm_source=RSS_Feed&utm_medium=RSS&utm_campaign=RSS_Syndication Germany wants to be almost free of Russian oil and coal by the end of the year – POLITICO

Fry Electronics Team

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