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	<title>Inflation (EU) - Garner Ted Armstrong Evangelistic Association</title>
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		<title>Germany warns prices may spike as Russia sanctions tighten</title>
		<link>https://www.garnertedarmstrong.org/germany-warns-prices-may-spike-as-russia-sanctions-tighten/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=germany-warns-prices-may-spike-as-russia-sanctions-tighten</link>
		
		<dc:creator><![CDATA[Deutsche Welle]]></dc:creator>
		<pubDate>Fri, 06 May 2022 07:56:44 +0000</pubDate>
				<category><![CDATA[Germany]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[Chancellor Olaf Scholz]]></category>
		<category><![CDATA[EU oil embargo]]></category>
		<category><![CDATA[European Commission President Ursula von der Leyen]]></category>
		<category><![CDATA[Finance Minister Christian Lindner]]></category>
		<category><![CDATA[Inflation (EU)]]></category>
		<category><![CDATA[Inflation (Germany)]]></category>
		<category><![CDATA[NATO]]></category>
		<category><![CDATA[Russia]]></category>
		<category><![CDATA[Russia/Ukraine conflict]]></category>
		<category><![CDATA[Ukraine]]></category>
		<category><![CDATA[Ukraine crisis]]></category>
		<category><![CDATA[Vladimir Putin]]></category>
		<guid isPermaLink="false">https://www.garnertedarmstrong.org/?p=42236</guid>

					<description><![CDATA[<p>Germany&#8217;s Cabinet has wrapped two days and talks about the war in Ukraine and its impact on the German economy. The government warned that a planned EU oil embargo could cause supply problems and even higher inflation. A two-day closed-door German Cabinet meeting ended on Wednesday as Berlin seeks to counter criticism of its policy...</p>
<p>The post <a href="https://www.garnertedarmstrong.org/germany-warns-prices-may-spike-as-russia-sanctions-tighten/">Germany warns prices may spike as Russia sanctions tighten</a> first appeared on <a href="https://www.garnertedarmstrong.org">Garner Ted Armstrong Evangelistic Association</a>.</p>]]></description>
										<content:encoded><![CDATA[<p>Germany&#8217;s Cabinet has wrapped two days and talks about the war in Ukraine and its impact on the German economy. The government warned that a planned EU oil embargo could cause supply problems and even higher inflation.</p>
<p>A two-day closed-door German Cabinet meeting ended on Wednesday as Berlin seeks to counter criticism of its policy on Russia&#8217;s invasion of Ukraine.</p>
<p>Leaders of the parties that make up the German government outlined their discussions in a press conference.</p>
<p>They underlined support for an EU embargo on Russian oil, but also warned that there could be consequences when it came to supply and prices.</p>
<p><strong>What did the coalition leaders say?</strong><br />
Economy Minister and Vice-Chancellor Robert Habeck said a gradual EU ban on Russian oil imports could lead to supply &#8220;disruptions.&#8221; He said there may also be price increases, but still backed the measure as necessary.</p>
<p>&#8220;I have said a few times that we can of course not guarantee in this situation that there won&#8217;t be disruptions, primarily regional disruptions,&#8221; Habeck told reporters.</p>
<p>Chancellor Olaf Scholz, who has been more cautious than other Western leaders in backing Ukraine, faces growing pressure to take a firmer line, including from within his own three-way governing coalition.</p>
<p>Appearing alongside Habeck, Scholz said Russian President Vladimir Putin had miscalculated with his war against Ukraine.</p>
<p>The chancellor said Putin was now facing a stronger and more united NATO and EU, rather than a weakened one. He also said the Cabinet had discussed legislation to speed up the development of Liquefied Natural Gas and that this would be put forward by early next week.</p>
<p>Also speaking at the press conference, Finance Minister Christian Lindner said new sanctions had been discussed, including whether those on sanctions lists should make their assets public.</p>
<p><strong>German chancellor cites &#8216;problem&#8217; with Kyiv</strong><br />
Scholz is still under pressure to do more and has been criticized for not visiting the Ukrainian capital, Kyiv, in a show of solidarity for the country.</p>
<p>The chancellor has ruled out making a trip in the near future, citing the Ukrainian leadership&#8217;s decision last month to disinvite German President Frank-Walter Steinmeier, a fellow Social Democrat.</p>
<p>In the press conference, Scholz said there was a &#8220;problem&#8221; in Germany&#8217;s relations with Ukraine after the German president was stopped from visiting Kyiv last month.</p>
<p>&#8220;It is a problem for the German government and for the German people that the president was asked not to come,&#8221; Scholz said.</p>
<p>Ukraine has criticized Steinmeier, claiming that he failed to heed the threat posed by Russia during his time as German foreign minister. Ukraine&#8217;s ambassador in Berlin, Andriy Melnyk, criticized Scholz&#8217;s reasons for not making the visit, saying it was &#8220;not very statesmanlike.&#8221;</p>
<p>Friedrich Merz, leader of Germany&#8217;s opposition Christian Democrats who lost power in last September&#8217;s election, visited Kyiv and the nearby bombed-out town of Irpin on Tuesday. He said he would report his findings from the trip back to Scholz.</p>
<p><strong>What&#8217;s been discussed?</strong><br />
The key topics of the two-day meeting were the war in Ukraine and the German economy.</p>
<p>Germany has changed tack on its previous policy of not shipping weapons to combat zones by sending weapons to help Ukraine in its fight against Moscow&#8217;s forces.</p>
<p>Last week, Berlin also said it would allow the delivery of heavy weaponry in the form of Gepard anti-aircraft tanks.</p>
<p>On Monday, leading members of the government said Germany was prepared to support an EU embargo on Russian oil.</p>
<p>Earlier on Wednesday, European Commission President Ursula von der Leyen announced a plan for a complete ban on Russian oil imports. Crude oil supplies would be phased out within six months and imports of refined products by the end of the year.</p>
<p><strong>Finland and Sweden join discussion</strong><br />
Finnish Prime Minister Sanna Marin and her Swedish counterpart Magdalena Andersson joined the Cabinet for their talks on Tuesday.</p>
<p>German Chancellor Olaf Scholz told both that he would support their countries&#8217; application to become members of the NATO alliance.</p>
<hr />
<p>rc/sms (AFP, dpa, Reuters, AP)</p>
<hr />
<p>Source: <a href="https://www.dw.com/en/germany-warns-prices-may-spike-as-russia-sanctions-tighten/a-61681026" target="_blank" rel="noopener">https://www.dw.com/en/germany-warns-prices-may-spike-as-russia-sanctions-tighten/a-61681026</a></p>
[<a href="https://www.garnertedarmstrong.org/news/disclaimer/" target="_blank" rel="noopener">Disclaimer</a>]<p>The post <a href="https://www.garnertedarmstrong.org/germany-warns-prices-may-spike-as-russia-sanctions-tighten/">Germany warns prices may spike as Russia sanctions tighten</a> first appeared on <a href="https://www.garnertedarmstrong.org">Garner Ted Armstrong Evangelistic Association</a>.</p>]]></content:encoded>
					
		
		
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