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Germany is heavily exposed to the trade headwinds which have beset the global economy in recent years. The energy crisis is the latest, with fears that it could fatally undermine German exporters.
BERLIN (Sputnik) - A growing number of enterprises in Germany are forced to stop or reduce production due to increased gas prices, the Association of German... 25.07.2022, Sputnik International
Persistent high energy prices are forcing as much as 16% of German industrial companies to slash production
Canada will return to Germany the repaired turbine of the Russian Nord Stream 1 pipeline, vital for sustaining German gas supply. Ukraine has condemned the move, saying it undermines the sanctions against Russia.
Natural gas is still available everywhere, albeit at sharply higher prices. But looking ahead to winter, the German government is extremely concerned.