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Deutsche Bank CEO Warns Against Cutting off Russian Gas
Newsweek ^ | 4/4/2022 | GIULIA CARBONARO

Posted on 04/04/2022 9:15:16 AM PDT by marcusmaximus

Deutsche Bank Chief Executive Officer Christian Sewing warned that cutting off imports of Russian gas would have severe consequences for Germany's economy and would drive it into a recession.

Calls for a ban on Russian gas imports have been growing since atrocities committed by Russian troops in Bucha and other towns around Kyiv were revealed over the past few days, especially after the three Baltic countries announced they had cut Russian gas imports starting April 1.

But according to Sewing, there would be "a further deterioration of the situation if there's a stop to imports or deliveries of Russian oil and natural gas," worsening already soaring inflation and pushing skyrocketing energy prices in Germany even higher, the CEO said during a press briefing on Monday covered by Bloomberg.

"A clear recession in Germany would presumably be inevitable," Sewing said, according to Bloomberg.

(Excerpt) Read more at newsweek.com ...


TOPICS: Business/Economy; Foreign Affairs; Germany; News/Current Events; Russia
KEYWORDS: eussr; fourthreich; gazprom; germany; molotovribbentrop; newmolotovribbentrop; nordstream2; rosneft; russia; schroeder; ukraine; war

1 posted on 04/04/2022 9:15:16 AM PDT by marcusmaximus
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To: marcusmaximus


2 posted on 04/04/2022 9:25:59 AM PDT by RomanSoldier19 (Res ad Triarios venit; )
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To: marcusmaximus

The solution here is actually quite simple. Appoint Greta Thunberg Reich Minister of Energy. (And yes, the term “Reich Minister” is necessary. Desperate times require desperate measures.)

In a few short decades Reich Minister Thunberg will have everything straightened out. Any pain in the meantime would only be temporary.


3 posted on 04/04/2022 9:28:52 AM PDT by Leaning Right (The steal is real.)
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To: RomanSoldier19


Trump was right. Germany was wrong.
4 posted on 04/04/2022 9:29:34 AM PDT by marcusmaximus
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To: marcusmaximus

Standby Germany. Give the Ruskies a few more days to wipe out the 60,000 Nazi zealots in the east of Ukraine. Then paying for gas with Rubles might sound like a pretty good idea.


5 posted on 04/04/2022 9:40:30 AM PDT by icclearly
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To: marcusmaximus

6 posted on 04/04/2022 9:53:45 AM PDT by Theoria
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To: marcusmaximus

It seems that the Germans should be worried that the Russians could be the ones to shut off the gas.


7 posted on 04/04/2022 10:30:48 AM PDT by laplata (")
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To: marcusmaximus

Its going to take time to undo the damage Merkel did.

The big question is whether the Germans will overcome Gaia worship and opt instead for national security and a viable economy or if they will sacrifice their economy for Gaia.


8 posted on 04/04/2022 12:31:41 PM PDT by FLT-bird
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To: Theoria

Liz Truss is a globalist dolt who probably employs a “breathe reminder”.


9 posted on 04/04/2022 3:03:03 PM PDT by kiryandil (China Joe and Paycheck Hunter - the Chink in America's defenses)
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To: kiryandil

Uk and Germany seized Gaszprom assets as Dyran spoke of today - so though that’s against the law and mobster actions still it’s taking out another brick from Russia.

Therefore we’re going to be hearing a lot from banks and others full bore besides just Deutsche Bank.

What a nightmare Bidens/Obama cabinet is forging throughout the world - and on purpose.


10 posted on 04/05/2022 6:44:42 PM PDT by caww ( )
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