Germany: Our economy is under pressure and we won’t be in able to absorb the increase in energy prices

German Minister of Economy and Climate Action Robert Habeck said the German economy is under great pressure, noting that the government will not be in able to absorb the increase in energy prices.

“The hard truth is that we won’t be in able to subsidize the new energy costs for citizens, “he said.

He called on consumers to address rising energy prices, which he said “will continue”.

Habek also noted that energy imports from Russia have become fragile since the start of the war in Ukraine.

And the German Minister of Economy and Climate Action had said that his country was ready to support the imposition of an embargo on Russian oil, but that this should be well prepared, and that it should be taken. in considering the dependence of other European Union countries on Russian account supplies.

The German minister said he heard different things about the Russian oil embargo and some European countries were against it.

He stressed that some European countries are not independent in the oil sector and said: “We don’t want to cause an economic disaster.”

He also said: “We must realize that the era of using cheap fossil fuels is over,” according to “Reuters”.

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