Germany’s Deputy Prime Minister: “Russian gas supply cuts are an economic attack on Germany”

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German Economy Minister Robert Haveck delivers a speech at the annual meeting of the Federation of German Industries (BDI) in Berlin, Germany. Reuters Yonhap News

Germany, Europe’s largest economy, pointed out that Russia’s sharp cut in gas supply was an economic attack on Germany.

Germany’s Deputy Prime Minister and Minister of Economy and Climate Protection, Robert Havek, criticized Russia’s gas supply cutback at a meeting of the German Industry Federation (BDI) on the 21st (local time) as “an economic attack on us”.

Russia has cut its gas supply by 60% through Northstream 1, which runs through the Baltic Sea to Germany from the 16th. As of the pre-Ukrainian war, Germany’s dependence on Russian gas was 55%, and it is predicted that if Russia completely stops gas supply, it will inevitably fall into a recession.

Deputy Prime Minister Havek pointed out that “the attack will be completed by reducing the supply and raising the price, as it has done with Poland, Bulgaria and Denmark, creating a controversy in Europe and Germany about the difficult situation and fear”.

This is to ensure that the debate over whether support for freedom is the right thing to do is stopped, said Deputy Prime Minister Havek.

Deputy Prime Minister Harvek said, “People are terrified of material hardship caused by soaring prices, such as energy prices. It will open up space for the “This is a strategy that is not a coincidence,” he said.

“It’s not just about solidarity with Ukraine, it’s about protecting our political culture, our open society and our free market economy,” he said.

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“If winter comes and the gas pipelines are locked, we will have no choice but to discuss the serious economic crisis that Germany will face,” he said. It can be done,” he said.

On the same day, BDI sharply downgraded Germany’s economic growth forecast for this year to 1.5% from 3.5% before Russia’s invasion of Ukraine. BDI said that if Russia cuts off gas supply, Germany will inevitably fall into a recession.

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