China News Service, Berlin, May 2 (Reporter Ma Xiuxiu) German Federal Deputy Chancellor and Minister of Economics and Climate Protection Habeck said in Berlin on the 2nd that the imposition of the oil embargo on Russia will have a certain impact on the German economy, but "it can be tolerated." ".
He also called on consumers to prepare for continued high energy prices.
On the same day, Habeck made the above remarks after meeting with the German Federation of Small and Medium Enterprises in Berlin.
According to Habeck, there has been no agreement within the EU to impose an oil embargo on Russia.
He said that Germany believes that the consequences of imposing an oil embargo on Russia are controllable, but other countries are not ready because they do not want to cause an economic crisis.
He pointed out that the imposition of an oil embargo on Russia is not without impact on Germany, especially in eastern Germany.
This will push up energy prices, and changing energy suppliers also means temporary supply shortages in some regions, but the embargo no longer means "Germany is in an oil crisis".
At the same time, Habeck said German consumers must prepare for persistently high energy prices.
He pointed out that it is necessary to do well in anticipation of further increases in energy prices.
The state cannot suppress all energy price increases, both for businesses and consumers, "it's a bitter and hard truth".
He explained that although the German government has launched a number of aid programs, these measures cannot prevent price transmission.
And this must be borne by the national economy, "otherwise we will not be able to get through this time".
Since the Russian-Ukrainian conflict, Russian oil's share of Germany's oil consumption has fallen from 35% to 12%, according to the German federal government's new progress report on energy security.
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