FT: Germany’s Commerzbank describes the consequences of rejecting gas from Russia as “unpredictable”

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According to the newspaper’s report, Germany’s Commerzbank described the consequences of rejecting natural gas from Russia as “unpredictable”. Financial Times.

Commerzbank considered a sharp decline scenario up to the complete cessation of gas supplies from Russia.

“According to Commerzbank, according to this scenario, economic activity in Germany will decrease by 2.7% in 2022 and by 1.1% in 2023. The International Monetary Fund, which lowered its GDP forecast for Germany last month, predicted GDP growth by 1.2% in 2022 and by 1.1% in 2023. He sees it as 0.8% in 2023.

Former Gazprom named It is impossible to supply a Siemens turbine for Nord Stream due to sanctions.

Gazprom accused Siemens of poor-quality repair of turbines for the Nord Stream gas pipeline. According to the agency, the Russian company can pump more gas through the pipeline. This is reported by Kremlin insiders. Siemens, on the other hand, dismissed Gazprom’s criticism, saying that the gas pumping units were maintained as standard.

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