Updated on 03/02/2022 07:39 pm German authorities seized the superyacht owned by Russian oligarch Alisher Usmanov, a vessel valued at nearly $600 million, after the billionaire was sanctioned by the European Union (EU), Forbes reported. Usmanov is one of the Russian businessmen punished this week by the EU in response to the invasion of Ukraine, […]
Tag: Germany
Company in charge of German-Russian gas pipeline Nord Stream 2 files for bankruptcy
Updated on 03/01/2022 05:13 pm The German-Russian company Nord Stream 2 declared insolvency after Germany suspended certification of the gas pipeline in retaliation for the Russian invasion of Ukraine. The company filed for bankruptcy and laid off its 106 employees, said the chief financial officer of the Swiss canton of Zug, where it is based. […]
Which countries are most dependent on Russian gas?
The war between Russia and Ukraine has put in check the distribution of natural gas, on which many European countries depend largely for Russian exports. It should be noted that the gas arriving in Europe from Russia is done through the network of gas pipelines as North Stream, which is directly connected to Germany by […]
Germany sends 500 missiles and a thousand grenade launchers in support of the Ukrainian Army
The government of Germany informed today in a statement of its decision to send “as soon as possible” to Ukraine a thousand anti-tank grenade launchers and 500 Stinger anti-aircraft defense missiles belonging to the German armed forces to support the troops ukrainian. “Russian aggression against Ukraine marks a change of era. It threatens our entire […]
EU Fear of Running Out of Gas Halts Russian Exclusion from Swift Banking System
The West has so far failed to agree on extreme sanctions against Russia, refusing to exclude it from the Swift banking system, mainly due to fears in several European countries over its energy supply. European leaders, meeting at the Brussels summit on Thursday, did not decide on any measure to block Russian banks from this […]
Germany to create gas and coal reserves to reduce dependence on Russia
The German Minister of Economy and Energy, Robert Habeck, announced the creation of gas and coal reserves for next winter to reduce energy dependence on Russia. Habeck explained that Germany depends on Russian gas for 55% of its supply and that the deposits this winter were particularly empty, although it has been possible “stabilize” the […]
The US hits the Nord Stream 2 consortium and warns of more sanctions on Russia
The United States on Wednesday hit the consortium in charge of operating the Nord Stream 2 gas pipeline with sanctions and intensified its collaboration with the European Union (EU) to retaliate against Russia if it continues with its actions in eastern Ukraine. The sanctions against Nord Stream 2 represent the next step in the punishment […]
Russian-Ukrainian crisis puts German “gas” diplomacy in check
The crisis between Russia and Ukraine forces Germany to juggle reducing its dependence on Russian gas, and reveals the failure of its lenient diplomacy towards Putin for more than 20 years. “absolute failure”, emphasizes the public television channel ARD, while the newspaper Süddeutsche Zeitung evokes “diplomatic debris fields”. In question: Berlin’s policy towards Moscow since […]
Germany hopes to ease travel restrictions on March 4
Germany aspires to ease the travel restrictions derived from the coronavirus pandemic on March 4, when the current regulations in this regard expire and given that the country has left behind the peak of the wave caused by the omicron variant. The deputy spokesman for the Ministry of Health, Oliver Ewald, pointed out, in an […]
Berlin appears calm before the rise in gas prices and the alarm of the sector
The German government is looking for formulas to compensate the citizen for the foreseeable rise in gas, derived from the blockade of the German-Russian gas pipeline Nord Stream 2 in response to Vladimir Putin, while the industry warns of its medium-term effects. The German Minister of Economy, the green Robert Habeck, defended this Wednesday the […]