Posted: 28.06.2022 10:31:00

Germany to enter lockdown if Russian gas supplies stop

The cessation of Russian gas supplies to Germany will lead to an even more serious lockdown than during the COVID-19 pandemic – as noted by Ingbert Liebing, the CEO of the Association of Municipal Enterprises of Germany, TASS reports

He said that if gas supplies from the Russian Federation are stopped, Germany will face serious problems in winter.

“If gas stops coming from Russia in the near future, then in winter we will have a real problem. It will be worse than during the coronavirus pandemic. Enterprises will be completely or partially disconnected [from energy supply] forcibly, and the economy will go into another quarantine mode. The reduction in gas supplies is already making it difficult to fill gas storage facilities for winter,” he said in an interview with the Frankfurter Allgemeine Zeitung newspaper.

The specialist believes that a ‘widespread rapid rise in energy prices’ is possible. Consumers will feel the jump in prices no later than 2023.