Tue, 21-Oct-2025

Sanctions against Russia are expected to cost Germany 5 billion euros each year

Sanctions

Sanctions imposed by Russia on Gazprom According to industry representatives cited by the weekly Welt am Sonntag, Germania and its subsidiaries. It might cost German taxpayers and gas users an extra 5 billion euros ($5.4 billion) every year to pay for substitute gas. After Berlin placed Gazprom Germania under trustee administration in May as a … Read more

Russia extends gas cutbacks to Europe and halts contracts with the Netherlands, Denmark, and Germany

Russia extends gas cutbacks to Europe and halts contracts with the Netherlands, Denmark, and Germany

Russia increased its gas cuts to Europe, announcing that it will cut off supply to six “unfriendly” countries that have refused to accept Moscow’s roubles-for-gas payment programme. The decision by Russia’s gas giant is the latest reprisal to Western sanctions imposed on Moscow after its invasion of Ukraine on February 24, deepening its economic struggle … Read more