Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
White House: The US is monitoring a troubling Serbian military deployment along the border of Kosovo that is causing tensions.
White House: Serbia and Kosovo must fulfill their commitments and avoid taking any provocative steps.
White House spokesperson John Kirby urges Serbia to withdraw its forces from its borders with Kosovo.
Hezbollah condemns terrorist blasts carried out against worshippers in Pakistan.
NATO: Decision to deploy additional forces to address the current situation in Kosovo.
Al Mayadeen correspondent reports more than 50 people were injured when a bomb exploded in the Mastung area of the Pakistani province of Balochistan.
Iranian Intelligence Minister Esmaeil Khatib: The assassinations were scheduled to be carried out on Saturday with the aim of stirring up national and sectarian strifes in the country
Iranian Intelligence Minister Esmaeil Khatib: A series of attempts to assassinate a number of Sunni scholars, judges, and IRGC officers was thwarted
Twin shootings in Rotterdam led to multiple deaths: Dutch police
Dutch Police: Rotterdam shooter arrested

Deutsche Bank: Sanctions on Russia will create serious gas supply issues

  • By Al Mayadeen Net
  • Source: Agencies
  • 19 Mar 2022 18:34
  • x

The head of the bank urges the "constant re-evaluation" of applying tougher sanctions on Russia.

  • Deutsche Bank: Sanctions on Russia will create serious issues
    Deutsche Bank: Sanctions on Russia will create serious issues

The Head of the German Deutsche Bank, Christian Sewing, warned against abandoning the Nord Stream 1 gas pipeline, stressing not imposing new sanctions against Russia.

"First, we must let the announced sanctions take effect. However, these sanctions also have a negative effect on us, and we must endure it," Sewing told Welt am Sonntag.

Shutting down Nord Stream 1 would not cease Moscow's supply of gas to Germany, but rather create serious energy supply issues, significantly increasing prices in Germany. 

Read more: Germany in a quagmire over Russian energy

Related News

Virgin Islands accuses JPM of facilitating Epstein sex trafficking

Global economy under threat of debt default waves: Deutsche Bank

Furthermore, Sewing urged to "constantly re-evaluate" the need for tougher sanctions on Russia, given the repercussions which Europe is bound to face due to them.

In response to Russia's military operation launched on Ukraine on February 24, Washington and western allies imposed draconian sanctions on Moscow, including on the Russian central bank, oil exports, in addition to closing airspace to Russian flights.

Mass poverty in Germany if Russian gas and oil boycotted

German Economy and Energy Minister Robert Habeck warned on Sunday, in an interview with public broadcaster ARD that Germany's people may face mass unemployment and poverty if there was to be an immediate boycott of Russian gas and oil.

"If we flip a switch immediately," people will witness supply shortages, he said, adding that people will run out of gas for transportation.

55% of Germany's natural gas, 52% of its coal, and 34% of its minerals come from Russia, which explains why the country is so highly dependent on Moscow's exports.

Habeck said his government is working to ensure it would be able to give up Russian coal by the summer and to phase out Russian oil by the end of the year.

“With coal, oil and even gas we are step by step in the process of making ourselves independent”, the former Green party co-leader said. “But we can’t do it in an instant. That’s bitter, and it’s not a nice thing morally to confess to, but we can’t do it yet.”

Read more: Germany will build LNG terminal to reduce reliance on Russian gas
  • Deutsche Bank
  • Russia
  • Ukraine
  • Sanctions on Russia
Russia & NATO

Russia & NATO

As the Draconian Western-led sanctions on Russia exacerbate the economic crisis worldwide, and as Russian troops gain more ground despite the influx of military aid into Ukraine, exposing US direct involvement in bio-labs spread across Eastern Europe and the insurgence of neo-Nazi groups… How will things unfold?

Most Read

Russia destroyed leopard tank in Ukraine with fully-German crew

Russia destroyed leopard tank in Ukraine with fully-German crew

  • Europe
  • 23 Sep 2023
Blinken’s ‘Variable Geometry’ for a New Cold War

Blinken’s ‘Variable Geometry’ for a New Cold War

  • Analysis
  • 24 Sep 2023
BBC from the front lines in Ukraine: It's bad, counteroffensive failed

BBC from the front lines in Ukraine: It's bad, counteroffensive failed

  • Europe
  • 28 Sep 2023
Zelensky joins Canadian Parliament’s ovation to WWII Nazi soldier

Zelensky joins Canadian Parliament’s ovation to WWII Nazi soldier

  • US & Canada
  • 25 Sep 2023

Coverage

All
Morocco & Libya Disasters

Read Next

All
BBC to restrict top hosts' social media usage
Europe

BBC to restrict hosts' social media for chiding anti-migration remarks

Germany, 'Israel'
Europe

Germany signs 'historic' deal to acquire Israeli-made Arrow 3 system

Secretary of State Antony Blinken speaks during a media briefing at the State Department, Tuesday, Aug. 15, 2023, in Washington. (AP)
Europe

'Never say never': Blinken on Biden-Putin meeting in the future

Plastic found in clouds may contaminate everything we consume
US & Canada

Microplastics in clouds cause 'plastic rainfall', infect everything

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS