The European Union this week approved new sanctions against Russia, including a ban on importing coal from August. Germany has intensified its efforts to reduce its exposure to Russian energy imports after the invasion of Ukraine on February 24.
Russian oil now accounts for 25% of German imports, down from 35% before the invasion, and gas purchases have dropped from 55% to 40%.
Stopping Russian gas imports is harder on Germany, which in the first quarter received 40% of deliveries from Russia.
“We are actively working to become independent from the need to import gas from Russia,” Scholz said.
Germany wants to reduce the share of Russian gas to 24% by this summer. But it could take until the summer of 2024 for Europe’s largest economy to end its dependence on Russian gas.
Source: Ambito
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