German officials said the country is prepared to stop buying Russian oil, the Wall Street Journal reported.

That opens the door to a full Russian oil embargo by the European Union.

The pivot from Germany follows a new deal with Poland that will allow it to import oil from other global suppliers through Gdansk.

German officials said the nation is now prepared to stop buying Russian oil, the Wall Street Journal reported, opening the door for the European Union to impose a fresh set of sanctions on Moscow.

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Business Insider
Germany says it's ready to stop buying Russian oil, paving the way for the EU to impose a full embargo
Phil Rosen
April 28, 2022, 4:58 pm
German Economic Affairs Minister Robert Habeck with a Germany flag in the background
German Economic Affairs Minister Robert Habeck.Roberto Pfeil/Getty Images)
German officials said the country is prepared to stop buying Russian oil, the Wall Street Journal reported.

That opens the door to a full Russian oil embargo by the European Union.

The pivot from Germany follows a new deal with Poland that will allow it to import oil from other global suppliers through Gdansk.

German officials said the nation is now prepared to stop buying Russian oil, the Wall Street Journal reported, opening the door for the European Union to impose a fresh set of sanctions on Moscow.


In a Wednesday meeting, German representatives said they would pull back their prior objections to a full Russian oil embargo, as long as Berlin would have time to find alternatives to Russian supplies.

The pivot from Germany follows a new deal with Poland that will allow it to import oil from other global suppliers through Gdansk, a Polish port in the Baltic Sea, government officials announced Wednesday.

The infrastructure of this port allows for a direct replacement of Russian supplies as it connects to the PCK oil refinery in Schwedt, Germany, they said. Enabling alternative oil imports to reach Schwedt was a key piece to Germany lifting its opposition to an embargo.

Germany has already slashed its intake from Russia, which now accounts for 12% of Germany's oil consumption, down from 35% before Vladimir Putin launched his war on Ukraine, Germany Economic Minister Robert Habeck had said this week.

A full EU embargo on Russian oil could signal further escalation in the economic conflict unfolding between the Western world and Moscow, which have used energy markets to try to punish each other.

The EU has already announced a ban on Russian coal and sanctioned various sectors of the Russian energy industry. But oil and gas has continued to flow, and Moscow has retaliated by demanding payments in rubles.

On Wednesday, Russia cut off natural gas supplies to Bulgaria and Poland after the two countries refused to pay in rubles.

But the Financial Times reported Thursday that Germany is among four nations preparing to pay for Russian gas in rubles, despite warnings from the EU about breaking sanctions. Still, Russia declined Germany's ruble payment earlier this week for some April and May gas deliveries.



https://africa.businessinsider.com/markets/germany-says-its-ready-to-stop-buying-russian-oil-paving-the-way-for-the-eu-to-impose/hylyrpg

Putin is very wicked, people have been appealing to him to order his troops out of Ukraine to give peace a chance but he refused because he doesn't value human life at all.

you mean, AFTER russia has denied the backdoor payment you wanted to use to pay for Russian natural gas?! BWAAAAAAAH! wandaful!

USA IS FAR AWAY IN AMERICA DICTATING 4 STUPID NATIONS IN EUROPE. DO U HAVE 2 BE FORCED BY THE U.S 2 DITCH RUSSIAN OIL?
I 1DA WHO THE REAL DICTATOR IS

Jostoman:
Putin is very wicked, people have been appealing to him to order his troops out of Ukraine to give peace a chance but he refused because he doesn't value human life at all.

He will not stop untill all Nazis in Ukraine and all remnants of the NATO imperialists are fished out and bombed to smithereens...

Germany just dey make mouth. How will they run their heavy industries without cheap Russian oil

Or Germany will stop buying oil on the open market.

OK now.....let's wait and see how far they go with it. Goodluck with that.

Meanwhile they bought more oil last month than before the war started.

Germany has finally received sense.

I am trying to understand why you think it’s to invade a country, kill the peoples and bomb out the cities. What manner of wickedness is in your heart?

Rugaria:

He will not stop untill all Nazis in Ukraine and all remnants of the NATO imperialists are fished out and bombed to smithereens...

solexyy:
USA IS FAR AWAY IN AMERICA DICTATING 4 STUPID NATIONS IN EUROPE. DO U HAVE 2 BE FORCED BY THE U.S 2 DITCH RUSSIAN OIL?
I 1DA WHO THE REAL DICTATOR IS

Is it your dictate? If it not hurting your dictator putin why are you crying more than the bereaved?

Germany can Stop buying and go into recession like many of the poor EU countries are beginning to realise.
The Arabs are not cooperating to increase oil production, Saudi Arabia will not even answer Biden's phone calls, Boris Johnson did not get a good reception during his begging visit to Riyadh. So getting alternative in the short term is difficult as Norway does not have capacity to cover demand from Germany

pquaver:


Is it your dictate? If it not hurting your dictator putin why are you crying more than the bereaved?

U KNOW AMERICANS HAVE SOLD DIA SOULS 2 D DEVIL & ARE BLOOD THIRSTY DATS Y DEY RADA ARM UKRAINE 2 THE TEETH AND WATCH DEM DIE RADA DAN PUSH FOR PEACE LYK A DEMOCRATIC PARENT WOULD. WIN MORE NATIONS & CREATE ROOM 4 D RISE OF ANTI- CHRIST.

Hyperinflation

The inflation in EU now first, will triple, in fact quadruple, dollars will smile at EU, I wish to see Europe poor again >:

joeluv:
I am trying to understand why you think it’s to invade a country, kill the peoples and bomb out the cities. What manner of wickedness is in your heart?

No wickedness at all. It's called self defense..
You brought my worst enemies to my doorsteps. I don't have to wait for the confrontations to incubate when I can easily strike you and cut off your neck..
That's what The Great Russians are doing and I love that..

sosanova:
If Germany the biggest market for Russia oil , stops buying oil from Russia and also shut down the Nordstream 1 pipeline connecting gas from Russia to Europe,it is as good as over for the Russian Economy.
Russia need European money to survive the ongoing sanctions than Europe needs Russia gas.

All dis wey Germany dey yan na shakara.

Russia stopping gas flow to Germany and other European countries would cripple those countries economy, industries and would see inflation shooting through the roof. The chaos it'll create would topple govt in those countries. Western countries have no short time solution for Russia gas, and have far more to loose.

Russia already has Germany by the balls

solexyy:
U KNOW AMERICANS HAVE SOLD DIA SOULS 2 D DEVIL & ARE BLOOD THIRSTY DATS Y DEY RADA ARM UKRAINE 2 THE TEETH AND WATCH DEM DIE RADA DAN PUSH FOR PEACE LYK A DEMOCRATIC PARENT WOULD. WIN MORE NATIONS & CREATE ROOM 4 D RISE OF ANTI- CHRIST.

Get one last time.. They are arming Ukraine so that any other mad man will think twice before invading any other territory of a sovereign nation.. This 2022.. Humans should develop and not regress.. People pointing to event of 10 to 20 years ago as justification must be out of their minds.

For a country like Germany where Hitler carried out his evil, it is inputted in the law Bürgergesetzbuch that if you see some some in need of help and refuse to help, it is a punishable offence. You are only exempted if helping will but you in danger.. Unterlassene Hilfeleistung.. Go and ask.. The world has left your putin and his archaic mentality behind..

Same Putards ranting that Germany can never do without Russia Oil are here ranting again

The most foolish illiterates in NL now is no longer Buhari Zone Bs

Putards have taken the top position

MrBrownJay1:
you mean, AFTER russia has denied the backdoor payment you wanted to use to pay for Russian natural gas?! BWAAAAAAAH! wandaful!

oil is different from natural gas bro

Detuner:


All dis wey Germany dey yan na shakara.

Russia stopping gas flow to Germany and other European countries would cripple those countries economy, industries and would see inflation shooting through the roof. The chaos it'll create would topple govt in those countries. Western countries have no short time solution for Russia gas, and have far more to loose.


Russia already has Germany by the balls

don’t mind those modasuckers, the title says Oil….not natural gas!


Dem go unleash the package on Wednesday e go Dey clear, dem no go wan commit suicide

sosanova:
If Germany the biggest market for Russia oil , stops buying oil from Russia and also shut down the Nordstream 1 pipeline connecting gas from Russia to Europe,it is as good as over for the Russian Economy.
Russia need European money to survive the ongoing sanctions than Europe needs Russia gas.

Next time do your research and make sure you know what you're talking about before commenting.
Even the entire oil and gas sector in Russia contributes only about 40% of the Country's economy.
They have over 60 buyers, you're not even talking about gas , you're talking about oil, German oil represent less than 3% of Thier economy. Apart from the fact that there are plenty of buyers ready to take Thier place once they stop buying,you need to get your facts right before typing . They are stepping up production everyday, selling more oil than ever before yet some ignorant folks here thinks it's easy to effect change drastically in a market

Putinists will not be happy with this,or they will call it a propaganda to suit their narrative.