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
Maduro: Tomorrow, a business meeting will be held bringing together hundreds of entrepreneurs from advanced Russian industries with hundreds of Venezuelan businesspeople.
Maduro: In the face of threats, Trinidad and Tobago agreed to suspend all effects of the energy agreement and everything that had been agreed upon in that regard.
Maduro: It’s time to make a choice, either stand with the warmongers who want death and violence, or stand with life.
Maduro: They want our wealth. This is not about drug trafficking, and they know it.
Maduro: Everyone in the world knows that what the economic elite ruling the United States seeks today is Venezuela’s oil, gas, and gold.
Maduro: The Prime Minister of Trinidad and Tobago is complicit and promoting war due to her personal, physical, mental, and moral weaknesses.
President Nicolás Maduro: A series of arrests have been carried out against what could be a group of mercenaries trained and funded by the CIA.
President Nicolás Maduro: Venezuela has the largest oil reserves in the world, and no one will be able to remove us from the global energy equation.
Palestinian media: Israeli vehicles fire at eastern Gaza City.
Al-Qassam Brigades: We will hand over the body of one of the occupation prisoners that was exhumed today in the Gaza Strip at 9 pm Gaza time.

Germany to face high costs as Russia imposes sanctions

  • By Al Mayadeen English
  • Source: Agencies
  • 6 Jun 2022 17:04
  • 1 Shares
2 Min Read

Costs increase as Germany seeks ulterior energy suppliers following their sanctioning by Russia.

  • x
  • Russia stopped supplying Gazprom Germania the German subsidiary of Gazprom
    Russia stopped supplying Gazprom Germania the German subsidiary of Gazprom

German taxpayers and gas users could face an increased cost, approximately €5 billion ($5.4 billion), since Russia imposed sanctions against Gazprom Germania and its subsidiaries, the Welt am Sonntag weekly reported, citing industry representatives.

Last month, in May, Russia stopped supplying Gazprom Germania the German subsidiary of Gazprom. The decision came after Berlin put the company under trustee management following the Ukraine war.

As a result, the Bundesnetzagentur energy regulator, acting as a trustee, had bought replacement gas to fulfill supply contracts with German municipal utilities and regional suppliers.

Related News

Moscow slams EU for turning open seas into sanctions battlefield

Pezeshkian slams US proposal to trade uranium for sanctions relief

The Economic ministry spokesperson estimated that an extra 10 million cubic meters per day are required to fulfill the needs of the market. The spokesperson further added, in an email response, that "the quantities are procured on the market and at market prices. No information can be given on the exact amounts due to commercial confidentiality."

Read more: Germany to pursue gas projects, renewable energy with Senegal

The cost, currently about €3.5 billion ($3.7 billion) a year, could increase as further costs are likely to arise from the filling of the Rehden natural gas storage facility as ordered by Robert Habeck, the Economy Minister.

Moreover, the Welt am Sonntag report stated that costs are likely to reach consumers as they will be passed down to them through energy suppliers. This could start impacting consumers as early as October.

One thing that is definitively confirmed by the ministry’s spokesperson, is that energy supplies are not at risk.

  • Sanctions on Russia
  • Russia
  • sanctions
  • Germany
  • Gazprom

Most Read

'Israel’s Digital Iron Dome: Weaponizing the web against Palestine

'Israel’s Digital Iron Dome: Weaponizing the web against Palestine

  • Technology
  • 24 Oct 2025
Arab League chief exposes secret US deal shielding 'Israel’s' nukes

Arab League chief exposes secret US deal shielding 'Israel’s' nukes

  • Politics
  • 27 Oct 2025
Abu Hamza, the spokesperson for the Al-Quds Brigades, during a speech televised on October 22, 2025 (Al-Quds Brigades Military Media)

Al-Quds Brigades' Abu Hamza mourns leaders, vows continued resistance

  • Politics
  • 22 Oct 2025
US missionary kidnapped in Niger capital, suspected taken toward Mali

US missionary kidnapped in Niger capital, suspected taken toward Mali

  • Africa
  • 23 Oct 2025

Coverage

All
War on Gaza

Read Next

All
Delta Air Lines flight lands at Harry Reid International Airport, Wednesday, April 9, 2025, in Las Vegas (AP)
Politics

Nearly 3,800 US flights disrupted amid ongoing government shutdown

FILE - The Amazon logo is pictured at the Amazon Robotic Sorting Fulfillment Center in Madison County, Miss., Aug. 11, 2022. (AP Photo/Rogelio V. Solis, File)
Economy

Amazon to cut 30,000 jobs in largest layoff in company history

Eurofighter Typhoon Spain's Air Force fighter jets fly above the military parade marking 'Día de la Hispanidad', or Hispanic Day, in Madrid, Spain, Sunday, Oct. 12, 2025. (AP)
Politics

UK sells 20 Eurofighter jets to Türkiye in £8bn defense agreement

Smoke billows after drone strikes by the paramilitary Rapid Support Forces (RSF) targeted the northern port in the Red Sea city of Port Sudan, Sudan, May 6, 2025 (AP)
Politics

RSF tightens El Fasher siege as Sudan risks fragmentation: Reuters

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