Market updates and forecasts

Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

Germany intends to refuse to import Russian oil


May, 02 2022
watermark Economic news

The German government has stated that Germany may abandon Russian oil, while allowing for a likely increase in fuel prices. 


«For coal and oil, the rejection of Russian imports is already possible. But it cannot be ruled out, among other things, that this will have an effect at gas stations, fuel prices may rise after such a decision,» Finance Minister Christian Lindner said.


Earlier, German Cabinet spokesman Steffen Hebenstreit said that EU countries are discussing the introduction of an embargo on Russian oil as a possible part of the sixth package of sanctions against Russia, but a decision has not yet been made.


Germany also stressed that it does not plan to pay for Russian gas in rubles, either now or in the future. Earlier, on April 27, Russian Gazprom announced that it had suspended gas supplies to Bulgaria and Poland after these countries refused to pay in rubles.


Feedback

ForexMart is authorized and regulated in various jurisdictions.

(Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines

Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.


© 2015-2024 Tradomart SV Ltd.
Top Top
Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.