• Home
  • Politics
  • News
  • Business
  • Health
  • Entertainment
  • Sports
  • Lifestyle
  • Education
  • Opinion
Saturday, 28 May, 2022
  • Login
topfmonline.com
 
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Health
  • Lifestyle
  • Sports
  • Education
  • Technology
  • Foreign
No Result
View All Result
topfmonline.com
No Result
View All Result
Home Foreign

Germany says could drop opposition to Russian oil ban

TOPFM NEWS by TOPFM NEWS
May 3, 2022
in Foreign
A A
0
Germany says could drop opposition to Russian oil ban
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

Two senior ministers in Chancellor Olaf Scholz’s government have said Germany would be ready to back an immediate European Union ban on Russian oil imports, and that Europe’s biggest economy could weather shortages and price hikes.

The comments on Monday by Finance Minister Christian Lindner and Economy Minister Robert Habeck are the latest sign Scholz has shifted from his cautious approach towards Russia and is willing to back sanctions against Moscow even if they have economic costs at home.

Speaking in Brussels, Habeck of the ecologist Greens said Germany would back an EU ban, regardless of whether the stoppage was immediate or by the end of the year.

“Germany is not against an oil ban on Russia. Of course it is a heavy load to bear but we would be ready to do that,” Habeck told reporters before talks with his EU colleagues.

Germany cut the share of Russian oil to 12 percent from 35 percent before Russia invaded Ukraine on February 24.

It is working on finding alternative fuel supplies, most urgently for the Russian oil that comes by pipeline to a refinery in Schwedt operated by Russian state company Rosneft.

Lindner of the pro-business Free Democrats told a German broadcaster that the German economy could tolerate an immediate ban.

“With coal and oil, it is possible to forgo Russian imports now,” Lindner told WELT. “It can’t be ruled out that fuel prices could rise.”

Habeck had said earlier in Berlin that the main challenge was to find alternative oil deliveries for Schwedt, which supplies east German regions as well as the Berlin metropolitan area.

Those areas could face supply shortages in the event of an EU embargo if Germany cannot secure alternative oil imports by the end of the year, Habeck said.

“We still have no solution for the refinery in Schwedt,” said Habeck. “We can’t guarantee that supplies will be continuous. There will for sure be price hikes and there will be some outages. But that doesn’t mean we will slide into an oil crisis.”

Two EU diplomats said at the weekend that the bloc is leaning towards a ban on Russian oil by the end of the year as part of a sixth package of sanctions against Russia over its invasion of Ukraine.

Habeck said an embargo in a few months would give Germany time to organise tankers that bring oil to ports in the north of the country that would flow through pipelines to Schwedt.

“It would help to have weeks or months to do all the technical preparations,” he said. “We would have to find ships that carry oil from west to east, we have to prepare the harbours, we have to prepare the pipelines. So time is helpful but I think other countries have bigger problems.”

Related Posts

Russia slams sanctions, seeks to blame West for food crisis

Russia slams sanctions, seeks to blame West for food crisis

May 27, 2022
0
Germany’s Scholz says Russia will not win the war in Ukraine

Germany’s Scholz says Russia will not win the war in Ukraine

May 27, 2022
2
Source: Reuters
Tags: Germany says could drop opposition to Russian oil ban
Previous Post

Israel condemns Russian foreign minister’s Nazism remarks

Next Post

EU accuses Apple of blocking rivals from iPhone payment system

Related Posts

Russia slams sanctions, seeks to blame West for food crisis
Foreign

Russia slams sanctions, seeks to blame West for food crisis

May 27, 2022
0
Germany’s Scholz says Russia will not win the war in Ukraine
Foreign

Germany’s Scholz says Russia will not win the war in Ukraine

May 27, 2022
2
WHO member states slam Russian attacks on Ukraine health sites
Foreign

WHO member states slam Russian attacks on Ukraine health sites

May 27, 2022
0
Al Jazeera Network to send Shireen Abu Akleh murder case to ICC
Foreign

Al Jazeera Network to send Shireen Abu Akleh murder case to ICC

May 27, 2022
0
Gambian government says it will prosecute exiled ex-ruler Jammeh
Foreign

Gambian government says it will prosecute exiled ex-ruler Jammeh

May 26, 2022
1
UN Security Council sets vote on tougher North Korea sanctions
Foreign

UN Security Council sets vote on tougher North Korea sanctions

May 26, 2022
1
Next Post
EU accuses Apple of blocking rivals from iPhone payment system

EU accuses Apple of blocking rivals from iPhone payment system

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

BROWSE BY CATEGORIES

  • Business
  • Education
  • Entertainment
  • Foreign
  • Health
  • Lifestyle
  • News
  • Opinion
  • Politics
  • Sports
  • Technology
  • Uncategorized

BROWSE BY TOPICS

5G 2022 Budget AFCON Afghanistan akufo addo Amazon Apiate explosion Appiate apple AT&T Biden Black Stars covid COVID-19 COVID 19 E-Levy facebook Ghana Police Service Google Hackers health Intel iphone meta Microsoft NLC Nvidia OMICRON Parliament police Russia Samsung security South Africa Taliban tech Tesla Trump twitter US UTAG vaccine WHO Windows 11 Xinjiang

Recent Posts

  • AMD unveils Epyc confidential computing on Google cloud
  • Microsoft announces Project Volterra ARM based mini PC
  • Broadcom announces plans to buy VMware in $61 billion deal
  • Russia slams sanctions, seeks to blame West for food crisis
  • Germany’s Scholz says Russia will not win the war in Ukraine

Recent Comments

No comments to show.

RECENT NEWS

  • AMD unveils Epyc confidential computing on Google cloud May 27, 2022
  • Microsoft announces Project Volterra ARM based mini PC May 27, 2022
  • Broadcom announces plans to buy VMware in $61 billion deal May 27, 2022
  • Russia slams sanctions, seeks to blame West for food crisis May 27, 2022

MAIN CATEGORIES

  • Business
  • Education
  • Entertainment
  • Foreign
  • Health
  • Lifestyle
  • News
  • Opinion
  • Politics
  • Sports
  • Technology
  • Uncategorized

Entertainment

TOP FM enters Mallam Atta market with “Apomuden” Festival
Business

TOP FM enters Mallam Atta market with “Apomuden” Festival

2 months ago
5
  • ABOUT US
  • CONTACT
  • ADVERTISE

© 2021 Top Media Group - Powered by BackUp Data Systems

No Result
View All Result
  • Home
  • Politics
  • News
  • Business
  • Health
  • Entertainment
  • Sports
  • Lifestyle
  • Education
  • Opinion

© 2021 Top Media Group - Powered by BackUp Data Systems

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
LIVE UPDATES ON COVID-19 CASES
  • Ghana
    Confirmed Cases 161,370
    Active Cases 44
    Recovered Cases 159,881
    Death Cases 1,445