Vice-Chancellor, German Economy Minister and chairman of the Alliance 90/Green Party, Robert Habeck, admitted that without gas from Russia, Germany’s competitiveness has diminished. This was reported by RIA News Referring to Habaek’s speech in parliament.
“Germany is indeed in an extremely difficult situation for two reasons. First, unlike other countries, Germany’s energy supply was largely dependent on Russian gas. This gave us a competitive advantage in the past, it was very profitable,” Habeck said in his speech in the Bundestag.
Habeck added that the second factor weakening the German economy is the country’s dependence on exports. Large-scale export opportunities appear only when the situation on world markets is stable, but now the situation is exactly the opposite.
He was formerly the German media executive and former publisher of the Handelsblatt newspaper Gabor Steingart, winner of the Helmut Schmidt Journalism Prize. stated About the enormous damage caused by the conflict with Russia.
It was previously reported that Germany was at risk to lose To become the world’s third economy by 2026.