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A full embargo on Russian energy would be devastating for Europe, and for Germany in particular, German Chancellor Olaf Scholz openly stated.
Scholz tried to show that his country is working to gain independence from Russian energy sources, but that could not happen overnight.
“Suggestions for an immediate embargo on Russian energy supplies should not be ignored, as the impact on Europe would be devastating. Disconnection can not be done today for tomorrow, because it would plunge our country and all of Europe into recession“.
The German chief executive also warned that a full embargo on Russian hydrocarbons would bring all industries to the brink of collapse, and recalled how existing anti-Russian sanctions have now severely affected German citizens.
He stressed that NATO will not be part of the war in Ukraine. “For this we have an agreement with our European allies and with the United States“However, Ukraine can count on German financial and military assistance,” said Scholz.
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