Germany Says It Won't Stop Buying Russian Energy Despite Moscow’s War in Ukraine

[beijingwalker]

At that time, I also opposed these contracts, and I also believed that energy prices would remain low for a long time.
In fact, before the outbreak of the epidemic, this judgment was not wrong. Even in 2021 after the outbreak, the price of natural gas remained at about $800. The contract can only be considered successful if it takes six years to appreciate by 100%, but the Ukrainian war has made these contracts a miracle.
What's more ridiculous is that the contract has 23 years left. We won the grand prize again.

It's a gamble and China hit the jackpot

 

[fitpOsitive]

Germany Says It Won't Stop Buying Russian Energy Despite Moscow’s War in Ukraine​

By Bojan Pancevski
March. 8 2022
Germany will continue to buy natural gas, oil and coal from Russia despite Vladimir Putin’s aggression against Ukraine, the government in Berlin said Monday.

Germany and Europe are too dependent on Russian energy imports for power, heating and industrial production to be able to cut trade links with Moscow in the short term, Chancellor Olaf Scholz said in a statement.

“Europe’s supply of energy for heating, for mobility, for electricity generation and for the industry can’t be secured otherwise at the moment,” Mr. Scholz said. Russian energy, he added, was essential for the daily lives of citizens.

His comments came as Ukrainian Foreign Minister Dmytro Kuleba called on the West to cut its reliance on Russian energy.

"Stop buying Russian gas and oil...because right now Russian oil smells of Ukrainian blood," Mr. Kuleba said Monday.

Berlin has vowed to urgently diversify Germany's supplies of energy--and gas in particular--following Moscow's invasion of Ukraine, but experts have warned it would struggle in the short term because of the limited availability of such resources and the time needed to adapt the country's energy infrastructure.

The statement comes as Russian forces have been indiscriminately bombarding Ukraine's cities, including residential areas and groups of people trying to flee the fighting, causing widespread civilian casualties.

Germany, the world’s biggest buyer of Russian gas, gets over half of its gas, about a third of its coal and a quarter of its oil from Russia, according to official figures.

This is why energy trade is exempt from the sanctions Western countries imposed on Russia following its attack on Ukraine, Mr. Scholz said.

“We made a conscious decision to continue the activities of companies dealing with energy supplies from Russia,” he said.

Germany Says It Won't Stop Buying Russian Energy Despite Moscow’s War in Ukraine

Germany will continue to buy natural gas, oil and coal from Russia despite Vladimir Putin’s aggression against Ukraine, the government in Berlin said Monday. Germany and Europe are too dependent on Russian energy imports for power, heating and industrial production to be able to cut trade links wit

www.wsj.com

Its a wise decision. Well done Germany.

 

[khail007]

National interests and security should always have priority against any 'Thug' type alliances.
Well done Germany.

 

[S.Y.A]

Russian forces have been indiscriminately bombarding Ukraine's cities, including residential areas and groups of people trying to flee the fighting, causing widespread civilian casualties.

really? how many deaths? and how many destroyed buildings?

 

[gambit]

The Euros are saying: So what? Their oil contracts finance the Ukraine war, that is terrible. But they are also financing the Ukrainian resistance, which so far is more than Russia expected, and they are hurting the Russian economy. So the ball is actually in Russia's court. Which is more important, continue the war or punish the customers for financing the resistance of the war?

 

[Han Patriot]

At that time, I also opposed these contracts, and I also believed that energy prices would remain low for a long time.
In fact, before the outbreak of the epidemic, this judgment was not wrong. Even in 2021 after the outbreak, the price of natural gas remained at about $800. The contract can only be considered successful if it takes six years to appreciate by 100%, but the Ukrainian war has made these contracts a miracle.
What's more ridiculous is that the contract has 23 years left. We won the grand prize again.

Even our bet in Venezuela paid off, now production is back to pre sanctions period i think. Officially nobody buys from thrm except China, at one time, we buying from thrm at 25$ a barrel.

It's a gamble and China hit the jackpot

Russia come to papa. Welcome to a new Chinese century.

 

[FuturePAF]

Germany will probably cut back some when it starts up the nuclear power plants and starts importing more American or Gulf Oil/gas, but price wise it will have to rely on Russian energy resources if it doesn’t want to go into a recession.

 

[Iñigo]

What a disgrace, after showing unconditional love to the designs and whims of the Anglo Master ... now these good servants are having second thoughts.

 

[Beast]

The Euros are saying: So what? Their oil contracts finance the Ukraine war, that is terrible. But they are also financing the Ukrainian resistance, which so far is more than Russia expected, and they are hurting the Russian economy. So the ball is actually in Russia's court. Which is more important, continue the war or punish the customers for financing the resistance of the war?

China will give money to Russia in exchange for oil and many natural resources... Russia wouldn't collapse.

 

[faithfulguy]

Right now, Xi is watching Russia carefully. China lost some land to Russia back in 1860. If the Russian military is assessed to be underperforming in Ukraine, even though Ukraine may lose the war, your China will start eyeballing those lost territories. Poutine will also know of this. So it looks like the world will see a war between two major authoritarian nuclear powers, and it will not be US involved. Congrats in keeping the world on edge.

you sound like TFIGlobal, the Indian propaganda channel that talk about China and Russia going to war every other day.

 

[Maula Jatt]

Right now, Xi is watching Russia carefully. China lost some land to Russia back in 1860. If the Russian military is assessed to be underperforming in Ukraine, even though Ukraine may lose the war, your China will start eyeballing those lost territories. Poutine will also know of this. So it looks like the world will see a war between two major authoritarian nuclear powers, and it will not be US involved. Congrats in keeping the world on edge.

You think they'll destroy thier relationship for some Siberian lands ?
Not to mention both signed a border deal back in 2000s...

 

[gambit]

You think they'll destroy thier relationship for some Siberian lands ?
Not to mention both signed a border deal back in 2000...

That 100 yrs of humiliation is tough to break. You want to bet that China will not stab Russia in the back?

 

[CAPRICORN-88]

Germany Says It Won't Stop Buying Russian Energy Despite Moscow’s War in Ukraine​

By Bojan Pancevski
March. 8 2022
Germany will continue to buy natural gas, oil and coal from Russia despite Vladimir Putin’s aggression against Ukraine, the government in Berlin said Monday.

Germany and Europe are too dependent on Russian energy imports for power, heating and industrial production to be able to cut trade links with Moscow in the short term, Chancellor Olaf Scholz said in a statement.

“Europe’s supply of energy for heating, for mobility, for electricity generation and for the industry can’t be secured otherwise at the moment,” Mr. Scholz said. Russian energy, he added, was essential for the daily lives of citizens.

His comments came as Ukrainian Foreign Minister Dmytro Kuleba called on the West to cut its reliance on Russian energy.

"Stop buying Russian gas and oil...because right now Russian oil smells of Ukrainian blood," Mr. Kuleba said Monday.

Berlin has vowed to urgently diversify Germany's supplies of energy--and gas in particular--following Moscow's invasion of Ukraine, but experts have warned it would struggle in the short term because of the limited availability of such resources and the time needed to adapt the country's energy infrastructure.

The statement comes as Russian forces have been indiscriminately bombarding Ukraine's cities, including residential areas and groups of people trying to flee the fighting, causing widespread civilian casualties.

Germany, the world’s biggest buyer of Russian gas, gets over half of its gas, about a third of its coal and a quarter of its oil from Russia, according to official figures.

This is why energy trade is exempt from the sanctions Western countries imposed on Russia following its attack on Ukraine, Mr. Scholz said.

“We made a conscious decision to continue the activities of companies dealing with energy supplies from Russia,” he said.

Germany Says It Won't Stop Buying Russian Energy Despite Moscow’s War in Ukraine

Germany will continue to buy natural gas, oil and coal from Russia despite Vladimir Putin’s aggression against Ukraine, the government in Berlin said Monday. Germany and Europe are too dependent on Russian energy imports for power, heating and industrial production to be able to cut trade links wit

www.wsj.com

Now Olaf Scholtz has a lot of things on his mind.
For one. When the winter comes, will Germans freeze in their homes.

Will he be remember as The Snowman?