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Gas embargo to damage Germany’s and Europe’s economies

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Gas embargo to damage Germany’s and Europe’s economies

Berlin, Apr 23 (Prensa Latina) German Federal Chancellor Olaf Scholz said that a dramatic Russian gas embargo would not bring quick peace in Ukraine and might have serious economic consequences for his country and Europe.
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Interviewed by the German weekly Der Spiegel, Scholz expressed his desire to prevent a serious economic crisis, the loss of millions of jobs and the closure of factories that would not reopen.

According to the chancellor, this, in turn, would seriously affect the financing of the restoration of Ukraine, which is currently involved in a war with Russia.

On the other hand, German experts estimate that a strong rejection of gas from the Russian Federation would greatly damage the national industry and cause serious economic problems.

Several Western countries activated sanctions against Moscow after it recognized the self-proclaimed Donetsk and Lugansk People’s Republics and launched a special military operation in Ukraine in order to meet their request for help in the face of an attack by Kiev.

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