Germany shows its support for an oil embargo on Russia for its invasion of Ukraine

German Foreign Minister Annalena Baerbock – Christophe Gateau/dpa

Follow live the latest news about the war in Ukraine


The Government of Germany has shown this Monday its support for the imposition of an oil embargo on Russia for its invasion of Ukraine, triggered on February 24 by order of President Vladimir Putin, amid international efforts to increase pressure on Moscow.

The German Foreign Minister, Annalena Baerbock, has indicated in statements granted to the German television channel ARD that Berlin is “prepared” to face the situation without Russian oil for several years.

Thus, he explained that the new oil supply contracts have significantly reduced dependence on Russia, with consumption falling from 35 percent to twelve percent in a matter of a few weeks, as reported by the German energy agency. dpa news.

However, the German Economy Minister, Robert Habeck, has acknowledged that there is still no agreement on this matter and has stressed that “other countries are not yet ready” to adopt this measure.

Habeck has acknowledged that an oil embargo on Russia would have an impact on the country and that there would be price increases, while he has argued that it could also imply temporary deficits. On the contrary, he has stressed that it would not imply that Germany fell into an “oil crisis”.

The Ministers of Energy of the European Union (EU) will hold an extraordinary meeting this Monday to address the energy situation in the community market in the context of the Russian invasion of Ukraine and after the Russian state gas company, Gazprom, decided cut supplies to Poland and Bulgaria last week over the refusal of both countries to pay for gas in rubles as required by the Kremlin.

In this context, Ukraine’s Foreign Minister, Dimitro Kuleba, asked the EU’s High Representative for Common Foreign and Security Policy, Josep Borrell, on Sunday that the next package of sanctions against Russia include an oil embargo.

Related articles

Large earthquake shakes the waters north of Tonga, in the South Pacific

Welcome You have created your account in EL TIEMPO. Get to know and personalize your profile. The verification email will be sent to Check...

Los Angeles horoscope and positive energies for success and love this Monday, December 11

By Alicia Dela RosaDecember 11, 2023 at 03:00 hrs.Angels and archangels manifest themselves in many ways and at various times, open your heart...

Analysts believe that the exchange rate will continue for a few months: how much...

Hours after Javier Milei sworn in as president of Argentina, consensus among market analysts is that he exchange rate will continue applying at least...