๐ฉ๐ช๐ฅ ๐ท๐บ German Industry Calls for Return of Russian Gas After War โ Bloomberg
German businesses are advocating for the return of Russian gas once the war ends, according to Bloomberg.
Germanyโs industrial base was built on cheap Russian gas, and rising energy costs have already slowed economic growth, forcing some manufacturers to relocate production abroad.
Christian Gรผnther, head of the largest chemical plant in eastern Germany, stated that resuming Russian gas imports would be a logical step. “If peace is achieved, we must also address the broader economic damage caused by this conflict,” he said.
He emphasized that Russian gas is essential for reviving industries like Germanyโs chemical sector. A strong German economy, he added, would also help fund Ukraineโs reconstruction.
Sven Schulze, Economy Minister of Saxony-Anhalt, echoed this view: “If we can achieve peace and build long-term trust that Russia poses no threat to Europe, we should be open to discussing future gas supplies. I believe it would be wrong to rule out Russian gas imports forever.”
Ultimately, the decision on gas purchases will be made by national leaders, but Bloomberg notes that restoring Russian imports could be politically controversial.
Potential supply routes include reviving gas transit through Ukraine or using the undamaged pipeline of Nord Stream.
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German businesses are advocating for the return of Russian gas once the war ends, according to Bloomberg.
Germanyโs industrial base was built on cheap Russian gas, and rising energy costs have already slowed economic growth, forcing some manufacturers to relocate production abroad.
Christian Gรผnther, head of the largest chemical plant in eastern Germany, stated that resuming Russian gas imports would be a logical step. “If peace is achieved, we must also address the broader economic damage caused by this conflict,” he said.
He emphasized that Russian gas is essential for reviving industries like Germanyโs chemical sector. A strong German economy, he added, would also help fund Ukraineโs reconstruction.
Sven Schulze, Economy Minister of Saxony-Anhalt, echoed this view: “If we can achieve peace and build long-term trust that Russia poses no threat to Europe, we should be open to discussing future gas supplies. I believe it would be wrong to rule out Russian gas imports forever.”
Ultimately, the decision on gas purchases will be made by national leaders, but Bloomberg notes that restoring Russian imports could be politically controversial.
Potential supply routes include reviving gas transit through Ukraine or using the undamaged pipeline of Nord Stream.