Germany triggers warning over gas amid Russian ruble demand

By AP News

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BERLIN (AP) — The German government said Wednesday it was triggering the early warning level for gas supplies amid concerns that .

BERLIN (AP) — The German government said Wednesday it was triggering the early warning level for gas supplies amid concerns that Russia could cut off supplies unless it is paid in rubles .

Western nations have rejected the Russian demand for ruble payments , arguing it would undermine the sanctions imposed against Moscow over the war in Ukraine.

“There have been several comments from the Russian side that if this (payments in rubles) doesn't happen, then the supplies will be stopped,” Economy Minister Robert Habeck said. “In order to be prepared for this situation I have today triggered the early warning level.”

Habeck, who is also Germany's energy minister and vice chancellor, told reporters that this was the first of three warning levels and entailed the establishment of a crisis team in his ministry that will step up monitoring of the gas supply situation.

The measure was a precautionary one and Germany’s gas storages are currently filled to about 25% capacity, he said.

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Follow the AP’s coverage of the war at https://apnews.com/hub/russia-ukraine

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Author: AP News

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Originally published by Associated Press Valuethemarkets.com, Digitonic Ltd (and our owners, directors, officers, managers, employees, affiliates, agents and assigns) are not responsible for the content or accuracy of this article. The information included in this article is based solely on information provided by the company or companies mentioned above.

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