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Germany faces a wave of bankruptcies due to the refusal of Russian gas

The refusal of Russian gas could lead to a sharp increase in the number of bankruptcies in Germany. This will mostly affect small and medium-sized enterprises that do not have long-term contracts for the supply of natural gas. The attention to the problem was drawn by the ...

Which countries agreed to pay for Russian gas in rubles?

The announcement on the transition to rubles payment for Russian natural gas, made on March 23 by the President of the Russian Federation seriously stirred up the financial markets and governments of a number of countries. At the same time, the Russian departments were instructed to accept everything necessary for this by ...

Russia's plans to sell gas for rubles did not suit buyers

... sharper discussions related to boycotting the purchase of energy resources in the Russian Federation. A similar opinion was expressed by Ursula von der Leyen, calling such proposals blackmail. Payment in rubles would be a violation of the regime of sanctions and contracts, in which the currency of settlements is spelled out quite clearly. The Prime Minister of Slovenia believes that the EU countries will not pay for gas in rubles. At the same time, Janez Jansa expressed doubt that any of the representatives of the European Union in general has knowledge of how exactly the rubles look. The President of Serbia called the decision of the head of the Russian state "problematic"....

Bankruptcy of Nord Stream 2 AG suspended until autumn

... transportation of up to 55 billion cubic meters of gas. Moreover, both threads of the constructed pipeline are actually filled with gas and can begin to function at any moment. The process of certifying the company as an independent operator was stopped by the ... ... decision of the German authorities on February 22 to completely stop certification, and on February 23 it became known about sanctions against the company imposed by the United States.

Nord Stream II preparing for bankruptcy

... a standstill. On February 22, an order to the German Ministry of Economy with a request to suspend the certification of the gas pipeline was given by Olaf Scholz. The chancellor said that it was impossible to continue the development of the project. ... ... ability to completely free itself from Russian energy dependence even in a few months. On February 23, US authorities imposed sanctions against Nord Stream II. President Joe Biden commented on his decision with reference to the actions of the head of the ...

SMALL AND MEDIUM BUSINESSES IN GERMANY ON THE VERGE OF BANKRUPTCY DUE TO FUEL PRICES

The rapid rise in energy prices has jeopardized the work of companies in Germany. However, the problem does not only concern gas stations and the transport sector. According to local experts, existing taxes on electricity and the protracted reform of the public transport fare system could lead to bankruptcy of significant number of entrepreneurs. According to the NEOPresse ...

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