So the German officials have now made it clear that the country is in full preparation to stop buying oil from Russia, the report was made known by the wall street journal..
And of course such decision will open the door for the European Union to be able to actually impose a fresh set of sanctions on Moscow..
So on a meeting on Wednesday , the German representatives confirmed that they would really pull back any of their prior objections to the full Russian oil embargo, as long as the Berlin would really have enough time to find alternatives to the
Russian supplies.
Germany recently have a new deal with Poland which makes it possible for them to import oil from other big and global suppliers through Gdansk, which is known to be a Polish port in the Baltic Sea.., the announcement was made by their government officials.
And of course The infrastructure of this port will enable the possibilities for an actual direct replacement of the russian supplies as it is known to connect to the PCK oil refinery which exist in Schwedt, Germany. , a move which will enable the oil imports to reach Schwedt and that was really a key piece for Germany in lifting its opposition to an embargo..
As at this moment, Germany has already slashed its intake from Russia, and now it accounts for just 12% of Germany's oil consumption, which is totally down from 35% before the russia president Vladimir Putin launched his war on Ukraine,..
Having such A full EU embargo on Russian oil could really give birth to a signal of a further escalation in the economic conflict which is really unfolding between the Western world and also the Moscow, and they have used energy markets to try to punish each other...
Even the EU has already made announcement concerning their ban on the Russian coal and they also sanctioned various sectors at the Russian energy industry.
We should also be aware that On Wednesday, the Russia government cut off their natural gas supplies to poland and Bulgaria after the two countries actually refused to pay in rubles...
Sources
https://www.nytimes.com/2022/04/28/business/germany-russian-gas.html
