Germany to halve dependence on Russian oil by summer
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Germany plans to halve dependence on Russian oil by summer, according to a draft from the German Ministry of Economic Affairs and Climate Action, writes German media Der Spiegel.
At the same time, this upcoming fall will mark the end of imported Russian coal, the draft reads. This comes as a response to Russia's attack on Ukraine.
"By the middle of the year, Russian oil imports to Germany are expected to be halved. By the end of the year, we aim to be almost independent," the document reveals:
"By autumn, Germany can be independent of Russian coal."
A spokesperson from the German ministry doesn't want to comment on the information, but notes that German Minister for Economic Affairs Robert Habeck will address the topic at a press conference.
According to the document Der Spiegel has perused, Germany cannot afford to ban Russian energy. In this regard, natural gas plays the by far biggest role.
"An immediate embargo would still have too serious economic and social consequences," sources say.
President of the European Commission Ursula von der Leyen will meet with US President Joe Biden, who has toured Brussels to take part in meetings in NATO, G7 and the EU to take a united stand against Russia.
Biden and von der Leyen are expected to clinch a deal for deliveries of liquefied natural gas to Europe in an attempt to wean off natural gas ex-Russia.
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