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https://www.reuters.com/markets/europe/germany-italy-approved-russian-gas-payments-after-nod-brussels-sources-2022-05-20/
#Germany and #Italy told companies they could open rouble accounts to keep buying Russian gas without breaching sanctions against Moscow following discussions with the European Union, sources said.
#GasCrisis #EU

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Forwarded from Ice Age Farmer
German Farmers warn food prices will continue to escalate

The conflict in Ukraine and its economic fallout have had “a massive impact on German agriculture,” Joachim Rukwied, president of the German Farmers’ Association, said in an interview with the Passauer Neue Presse.

“Energy prices have doubled, the price of fertilizers, especially nitrogen fertilizers, has quadrupled on average, and fodder costs more,” he explained, adding that the situation was “disastrous” for pig farmers in particular.

According to Rukwied, food has been sold below value in recent years, and prices have to go up for farmers to be able to continue to farm at all. Inflation in Germany hit 7.9% in May, according to official statistics, reaching its highest level since reunification. The levels are also similar to those seen during the 1970s oil crisis.

#Germany #EU #FoodPrices #EnergyCrisis

https://www.rt.com/business/556795-germans-warned-food-price-hikes/
#Germany

"Companies would have to stop production, lay off their workers, supply chains would collapse, people would go into debt to pay their heating bills, that people would become poorer," Habeck told Der Spiegel on Friday, saying it was part of Russian President Vladimir Putin's strategy to divide the country.


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Forwarded from MessageInABottle
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🇩🇪 #Germany 🇩🇪

Dock workers in #Germany protest as #food and #energy #prices rise throughout Europe.

#energy
#inflation
https://www.stripes.com/theaters/europe/2022-08-16/germany-flying-fighters-singapore-7004385.html
#Germany #Singapore #China

BANGKOK — A group of German air force fighter jets landed in Singapore on Tuesday as part of a marathon bid to fly them some 12,800 kilometers (8,000 miles) from their home base to Southeast Asia in just 24 hours.

The exercise comes at a time of heightened tensions between China and the U.S. and its allies over Taiwan and demonstrates the ability for a European nation to move air power quickly to the region.

German Defense Minister Christine Lambrecht told reporters that despite the war in Ukraine being a priority at the moment, the Eurofighter mission underscores that Asia has not been forgotten.

"We are at the side of all of those who stand for our values such as democracy, freedom and security, and are also willing to contribute," she said as the aircraft took off from Neuburg, Germany, on Monday.

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Forwarded from MessageInABottle
🇩🇪 #Germany 🇩🇪

GERMAN FOOD PRODUCERS WARN OF FOOD SHORTAGES

Germany’s frozen and fresh #food producers have warned that rising #energy #prices may soon force them to stop operations, according to Die Welt.

There are significant supply gaps in the daily food supply for people in Germany. The situation is more than serious,” an open letter from the industry said.

Companies now fear that production lines will soon come to a standstill and that refrigerated logistics centers for food distribution will be closed.

Some are even preparing for possible insolvency
.”

The letter was initiated by the German Frozen Food Institute and the Association of German Cold Storage and Logistics Companies, and signed by five other industry groups.

It was addressed to Chancellor Olaf Scholz, Federal Minister of Economics Robert Habeck and Federal Minister for Food Cem Ozdemir.