German bosses, unions jointly oppose boycott of Russian gas
2 years, 8 months ago

German bosses, unions jointly oppose boycott of Russian gas

Associated Press  

BERLIN — Germany’s employers and unions have joined together in opposing an immediate European Union ban on natural gas imports from Russia over its invasion of Ukraine, saying such a move would lead to factory shutdowns and the loss of jobs in the bloc’s largest economy. “A rapid gas embargo would lead to loss of production, shutdowns, a further de-industrialization and the long-term loss of work positions in Germany,” said Rainer Dulger, chairman of the BDA employer’s group, and Reiner Hoffmann, chairman of the DGB trade union confederation, in a joint statement Monday on Germany’s dpa news agency. They argued that EU sanctions need to be targeted to put pressure on Russia while minimizing damages to the countries imposing the sanctions, saying “in the current discussion, we don’t see that.” The statement comes as European leaders are discussing possible new energy sanctions against Russian oil, following a decision April 7 to ban Russian coal imports beginning in August. German Vice-Chancellor Robert Habeck said in an interview with the Funke media group that “an immediate gas embargo would endanger social peace in Germany.” Despite widespread economic sanctions against Russian banks and individuals, the EU continues to send around $850 million per day to Russia for oil and gas, even as EU governments condemn the war in Ukraine. Industry officials say in many cases natural gas would be impossible to replace in the short run, and associations representing food processing, metal galvanizing and glass companies as well as the head of the chemical industry union have also opposed a sudden shutoff of Russian gas imports.

History of this topic

Russia signs $13bn-a-year oil deal with India in blow to Western sanctions
1 week, 4 days ago
Is the world sleepwalking into another gas crisis?
3 weeks ago
The 'Most Vulnerable Country' To Russian ‘Blackmail’ Braces For Trump’s Return
3 weeks, 3 days ago
The biggest remaining unsanctioned Russian bank hit with U.S. sanctions, nearly three years into war
1 month ago
Russian pipeline gas exports to Europe down 2% in August, calculations show
3 months, 3 weeks ago
EXPLAINER: Why is natural gas still flowing from Russia to Europe across Ukraine?
4 months, 1 week ago
French imports of Russia's liquified natural gas surge, and Ukraine supporters seek a stop
4 months, 2 weeks ago
Hungarian minister accuses EU of orchestrating stoppage of Russian oil through Ukraine
4 months, 3 weeks ago
Ukraine Conflict All For Naught
6 months ago
David Cameron calls on Europe to turn off Russian gas to save Ukraine
6 months, 1 week ago
Putin seeks emergency petrol as Russia runs on fumes
8 months, 2 weeks ago
European Union pushes ahead with a plan to buy weapons for Ukraine with frozen Russian asset profits
9 months ago
US rethinks gas exports, spooking Europe
11 months ago
Germany, once the envy of the world, is now its worst-performing major developed economy. Why?
1 year, 3 months ago
Germany went from envy of the world to the worst-performing major developed economy. What happened?
1 year, 3 months ago
Once a global ideal, Germany's economy struggles with an energy shock that's exposing longtime flaws
1 year, 3 months ago
EU spending billions on Russian gas despite sanctions
1 year, 3 months ago
Serbia will increase supplies of Russian natural gas to Hungary if Ukraine pulls out of transit deal
1 year, 4 months ago
Europe has shaken off Putin’s gas embargo
1 year, 6 months ago
Russia launches intense air raid on Kyiv, top Chinese diplomat to tour Ukraine and Russia
1 year, 7 months ago
Europe’s economic outlook brightens a little after avoiding recession. But inflation still squeezes
1 year, 7 months ago
Russia’s oil exports are back to pre-war levels
1 year, 8 months ago
Putin calls Ukraine role in Nord Stream blasts ‘sheer nonsense’
1 year, 9 months ago
Russia’s economy holds up, but growing challenges test Putin
1 year, 9 months ago
German energy boss warns: Don’t let guard down on gas supply
1 year, 10 months ago
Ukraine war expected to cost Germany 160 billion euros by the end of 2023
1 year, 10 months ago
Russia's war on Ukraine 'could push millions into extreme poverty'
1 year, 10 months ago
Moscow’s decades-old gas ties with Europe lie in ruins
1 year, 10 months ago
Russia announces cut to oil output over Western price caps
1 year, 10 months ago
Russia may cut March oil production by 5L barrels a day, says Dy PM
1 year, 10 months ago
Europe bans Russian diesel, other oil products over Ukraine
1 year, 10 months ago
Europe bans Russian diesel, other oil products over Ukraine
1 year, 10 months ago
Germany sees brighter outlook for Europe’s largest economy
1 year, 10 months ago
Europe has staved off energy collapse despite Russia’s gas cutoff. But is the crisis over?
1 year, 11 months ago
Europe has avoided energy collapse. But is the crisis over?
1 year, 11 months ago
Europe has avoided energy collapse. But is the crisis over?
1 year, 11 months ago
German regulator: winter gas shortage increasingly unlikely
1 year, 11 months ago
German leader focuses on energy, Ukraine in new year message
1 year, 11 months ago
Europe needs clear-eyed view of US moves
1 year, 11 months ago
Vladimir Putin bans Russian oil exports to countries that imposed price cap over Ukraine war
1 year, 11 months ago
Russia threatens to slash oil supplies in 2023, spooks markets
2 years ago
Ukraine war: Vladimir Putin has been weaponising energy for years. Here’s what to look for next
2 years ago
Which European nations are handling the energy crisis best?
2 years ago
Drivers are stuck in limbo as world’s oil supply reshuffles
2 years ago
Drivers stuck in limbo as world's oil supply reshuffles
2 years ago
Putin says Russia will fight sanctions with shift in trade and energy flows
2 years ago
EU ministers fail again on gas price cap to contain costs
2 years ago
Investors see shift in Europe’s fortunes
2 years ago
Russian oil price cap, EU ban aim to limit Kremlin war chest
2 years ago
Russian oil price cap, EU ban aim to limit Kremlin war chest
2 years ago

Discover Related