BERLIN ( Germany says it is making progress in its weaning off Russian fossil fuels and hopes to be independent of Russian crude oil imports until the end of the summer.
Economy and Climate Minister Robert Habeck said sunday that Europe’s largest economy had reduced the share of Russian energy imports to 12 percent for oil, 8 percent for coal and 35 percent for herbal gas. Countries to cut billions of euros of energy imports from Russia, helping to fill Russian President Vladimir Putin’s war chest.
“All of those steps we are taking require a massive joint effort from all stakeholders and also mean prices that are felt throughout the economy and consumers,” Habeck said in a statement. “But they will be if we no longer need to be blackmailed. through Russia. “
The announcement comes as the entire European Union has an embargo on Russian oil following a resolution to ban imports of Russian coal from August. The bloc will pay Russia $850 million per day for oil and herbal fuel and Germany is one of its top importers of Russian energy. .
Germany has controlled the transfer to oil and coal imports from other countries in a short time, meaning that “ending the end of Russian crude oil imports until the end of the summer is realistic,” Habeck’s ministry said.
Weaning Germany from Russian herbal fuel is a much bigger challenge.
Before Russia invaded Ukraine on Feb. 24, Germany received more than a portion of its herbal fuel imports from Russia. That percentage has now fallen to 35 percent, in part due to higher purchases from Norway and the Netherlands, the ministry said.
In addition to Russian imports, Germany plans to boost the structure of liquefied herbal gas or LNG terminals. The Ministry of Energy and Climate said Germany aims to launch several floating LNG terminals this year or next. This is an ambitious timeline. That, according to the ministry, “requires a massive commitment from all involved. “
Germany has resisted calls for an EU boycott of Russian herbal fuel. He also watched with fear last week that Moscow cut off fuel supplies to Poland and Bulgaria after rejecting Russian demands to pay for fuel in rubles. European officials called Russia’s measures “energy blackmail. “”
Germany’s central bank said a general shutdown of Russian fuel could mean a five-percentage-point loss in economic output and higher inflation.
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