The consequences of the conflict in Ukraine greatly affected the German economy; The country was not prepared for them, German Chancellor Olaf Scholz said on February 20 at a conference of the Federal Association of German Employers (BDA).
In his speech at the event, the politician highlighted that the consequences of the conflict “Here in Germany it affected us a lot because we were not prepared”.
He stressed that the German government quickly took the necessary measures. He led the construction of a liquefied natural gas (LNG) terminal in record time.
Let us keep in mind that on February 18, Russian President Vladimir Putin called it obvious that the current German authorities are dealing a blow to the future of his country’s economy. He noted that the German economy can exist without Russian gas, but this threatens it with a loss of competitiveness.
The president said that a complex internal political struggle is underway in Germany.
Let us remember that in 2022 Germany refused to import Russian gas via gas pipeline.
According to the Norwegian online publication ABC Nyheter, the economies of Germany and several other European countries have suffered greatly due to the sanctions imposed against Russia.
Source: Rossa Primavera
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