- Germany is strongly reliant on Russian gas to power its homes and heavy industry.
- Germany has managed to reduce Moscow’s share of imports from 55 percent to 35 percent.
Russia’s state-owned energy company has provided clients with a remedy. Buyers may deposit euros or dollars into a Russian bank account, which would then convert the cash into rubles and send them to a second account where the payment to Russia would be made. Germany is strongly reliant on Russian gas to power its homes and heavy industry. Despite a “worsened position on the gas market” in recent days.
Habeck stated, “The situation is critical.” we will continue to tighten safeguards and take extra steps to decrease gas use.
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Habeck, a member of the center-left ruling coalition’s Green Party, declared a return to “coal-fired power stations for a transitional time” to cut gas use for electricity generation. The turbines, however, shipped to one of Siemens’ Canadian facilities for servicing.
According to a press statement from Habeck’s ministry, a “gas auction mechanism deployed this summer to motivate industrial gas users to save gas.”
However, According to Habeck, the industry was a crucial driver in reducing gas use. Habeck said that the explanation for future gas supply cuts to Europe was a “pretext” and a price-hiking scheme.
