Christian ModlaThe refusal of Russian gas has become a great stress for Germany, admitted Jörg Kukis, assistant to the German chancellor for economic affairs, at the CERAWeek international energy conference in Houston.
Chancellor Olaf Scholz himself had previously assured that the German economy had “easily” survived the shutdown of supplies from the Russian Federation, had not noticed the shortage of energy resources and had not sunk into a crisis. However, Kukis pointed out that it was extremely difficult to find a replacement for the declining volumes, given that half of Russian exports to Europe represented the FRG.
Marcel Fratzscher, president of the German Institute for Economic Research (DIW), said Germany had been hit hard by the crisis because it was more dependent on Russian energy and also had a high share of high-energy industries. energy intensity.
