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Sheikh Qassem: We, our allies, the honorable in our nation, our people, and our army will never accept being subservient to the US or 'Israel'
Sheikh Qassem: They must despair, for whatever they do, this people cannot be defeated or broken, and we shall neither fall nor yield
Sheikh Qassem: Threats neither advance nor delay matters, yet the possibility of war or its absence exists because 'Israel' and the US are weighing their options
Sheikh Qassem: All these threats are simply a form of political pressure after a whole year of efforts proved ineffective
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Sheikh Qassem: Weapons block 'Israel’s' project, and anyone seeking disarmament plays into 'Israel’s' hands
Sheikh Qassem: The agreement came because we held fast, empowered by our vision, our faith, our will, our people, our patriotism, and our unwavering attachment to our land
Sheikh Qassem: People of Might Battle was a confrontation by a modest force, incomparable to the enemy's strength, but it was noble in spirit, brimming with courage, resolve, and unwavering faith in victory
Sheikh Qassem: Today, Lebanon is under an Israeli aerial occupation
Sheikh Qassem: The project of "Israel" came crashing into the defenses of the People of Might Battle

Germany to face high costs as Russia imposes sanctions

  • By Al Mayadeen English
  • Source: Agencies
  • 6 Jun 2022 18:04
  • 1 Shares
2 Min Read

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

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  • 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.

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

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