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Germany triggers 'early warning' of possible gas supply emergency

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BM.GE
30.03.22 16:30
644
Germany declared an "early warning" Wednesday that it could be heading towards a gas supply emergency amid demands from Russia that it be paid for energy supplies in rubles.

Federal Economy Minister Robert Habeck triggered the "early warning," saying the measure was designed to prepare for a possible disruption or stoppage of natural gas flows from Russia. Under Germany's current gas emergency plan, the early warning level is the first of three stages.

Habeck said supplies were safeguarded for the time being and said Germany was closely monitoring supply flows with market operators.

"Nevertheless, we must increase precautionary measures to be prepared for an escalation on the part of Russia," he said. The economy minister said that "with the declaration of the early warning level, a crisis team has convened."

It comes after Russia demanded that Germany and other nations pay for energy supplies in rubles as Moscow contends with the economic impacts of Western sanctions over its invasion of Ukraine, NBC News reports