German industry may fail to survive the crisis
If supplies of Russian gas stop, the German chemical industry may fail to survive this crisis – as stated by Michael Adam, an honorary member of the Berlin Chamber of Commerce and Industry for Environmental Protection and Energy, BelTA reports
“A German concern – the world's largest supplier of raw materials for the chemical industry – has quite clearly declared that, in the event of the termination of Russian gas supplies, the German chemical industry may not survive this crisis. I think this is the most striking example. They have scheduled deliveries for normal operation, but they still lack plan B. This topic is now a matter of concern for Germans," the expert said.
According to Mr. Adam, unemployment could become a consequence of the gas embargo. “At the same time, not enough attention is paid to how we will overcome these consequences. No concrete solutions are available – though it was possible to comprehend this problem during the past two coronavirus years,” he commented.
