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The Latest Breaking News from Robert Habeck

Russia using energy 'as weapon', says Berlin

Berlin (AFP) - German Economy Minister Robert Habeck accused Russia on Thursday of using energy as "a weapon", after Moscow slapped sanctions on Western energy firms and slowed gas flows to Europe.

AFP

Morning Brief: Top Financial Stories Dominating on Thursday, May 12

CNBC Instacart Confidentially Files For US IPO

Benzinga

Russia Imposes Sanctions On German Unit Of Gazprom: Bloomberg

Russia has cut natural gas supplies to a unit of Gazprom PJSC (OTC: OGZPY) seized by Germany in retaliation for western penalties over the war in Ukraine.

Benzinga

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Oil refinery workers caught in Germany's energy dilemma

Schwedt (Germany) (AFP) - Germany is seeking to ban Russian oil by the end of this year over the war in Ukraine, but workers at the PCK oil refinery outside Berlin are less than happy about the plans.

AFP

‘A second Afghanistan’: Doubts over Russia’s war prosecution

Russia’s lack of progress in its war against Ukraine has been noted by analysts since it launched a second phase.

Al Jazeera

EU prepares oil sanctions against Russia as Hungary resists ban

Slovakia is also seeking an exemption against approving a ban on Russian oil

The Independent UK

More than a million Ukrainians taken to Russia in past two months

Around 11,550 people were taken to Russia from Ukraine in the last 24 hours

The Independent UK

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EU faces crunch point over Russia’s gas payment demands

As deadline loom, Brussels commissioner says handing over roubles would breach sanctions

The Guardian - UK

Germany Drops Opposition to Russian Oil Ban, Ministers Say

Two senior ministers in Chancellor Olaf Scholz's government on Monday said Germany would be ready to back an immediate European Union ban on Russian oil imports, and that Europe's biggest economy could weather shortages and price hikes. The comments by Finance Minister Christian Lindner and Economy Minister Robert Habeck are…

Asharq Al-Awsat

Berlin bathers brave cold to help cut Russian gas dependence

Swimmers at Berlin’s outdoor pools need to brace themselves for chillier water this summer

The Independent UK

Germany drops opposition to Russian oil ban, ministers say

Reuters

Germany: Quitting Russian Oil by Late Summer Is ‘Realistic’

Germany says it’s making progress on weaning itself off Russian fossil fuels and expects to be fully independent of Russian crude oil imports by late summer. Economy and Climate Minister Robert Habeck said Sunday that Europe’s largest economy has reduced the share of Russian energy imports to 12% for oil,…

Asharq Al-Awsat

Germany: Quitting Russian oil by late summer is 'realistic'

Germany says it’s making progress on weaning itself off Russian fossil fuels and expects to be fully independent of crude oil imports from Russia by late summer

The Independent UK

German VC Lauds Tesla's Speed In Talks About Curbing Russian Gas Reliance

A German vice-chancellor recently said Germany needs to revamp its energy systems "at Tesla Speed." Now, he's lighting a fire among German officials and companies.

InsideEVs

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Evening Standard

Germany caves to EU pressure over Russian oil ban

Germany has said it “won’t stand in the way” of an EU ban on Russian oil imports despite resisting the move for weeks over economic fears.

Financial Times

‘Worst crisis since the second world war’: Germany prepares for a Russian gas embargo

Industry and economists say a ban would be catastrophic for the country’s economy, but many companies expect it to happen anyway

The Guardian - US

Russia warns US of repercussions if it sends more arms to Ukraine – reports

Diplomatic note talks of ‘unpredictable consequences’ as US readies $800m of military hardware

Reuters

Germans should save energy to put pressure on Russia, says minister

Germans should start saving energy now to become more independent from Russian fossil fuels, Economy Minister Robert Habeck said, as Europe's top economy looks for ways to cut gas and oil imports from Moscow in response to the war in Ukraine.

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Reuters

Rheinmetall ready to supply up to 50 tanks to Ukraine - newspaper

Military equipment maker Rheinmetall is preparing to supply up to 50 used Leopard 1 battle tanks to Ukraine, the Handelsblatt newspaper reported on Monday, citing the group's CEO.

The Guardian - UK

‘Firms will go bust’: Germany prepares for a future without Russian gas

Germany is bracing for supplies to be cut by Moscow in retaliation for sanctions or as part of an energy embargo

The Independent UK

Germany presents package of measures to boost energy goals

The German government presented a major package of reforms Wednesday to boost the construction of renewable power as part of its efforts to meet its climate goals and become independent of energy imports from hostile nations such as Russia

The Guardian - UK

White House says the US has evidence that the war against Ukraine has been ‘a strategic disaster’ – as it happened

Germany, France and the UK reject Russia’s demand to pay for gas in roubles; Kremlin announces further sanctions for EU leaders

The Guardian - UK

Germany to pay for gas in euros despite Russia’s rouble decree, says Scholz

Government activates emergency plan to manage supplies and pleads with households and industry to be sparing with usage

Reuters

Germany girds for gas rationing, Europe on edge in Russian standoff

Germany triggered an emergency plan to manage gas supplies on Wednesday that could see Europe's largest economy ration power if a standoff over a Russian demand to pay for fuel with roubles disrupts or halts supplies.

The Guardian - UK

Germany close to gas rationing as it activates emergency fuel plan

Fears of a showdown with Putin have led the economic minister to form a crisis team and encourage consumers to reduce consumption

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