German Finance Minister: self-initiated energy embargo against Russia doesn't appear advisable

Joel Frank Independent Analyst

The German Finance Minister said on Monday that a self-initiated energy embargo against Russia does not appear advisable for the sustainability of sanctions against Russia at present, reported Reuters. Moreover, the Finance Minister said he cannot rule out the negative consequences on our growth and for inflation given the current situation with Ukraine, and that the government is looking with international partners at how we can respond to the impact of the crisis on our societies, but the possibilities are limited. The German government said it was concerned by the situation in energy markets and is doing what it can to ease the burden on people.

Author

Joel Frank

Independent Analyst

Joel Frank is an economics graduate from the University of Birmingham and has worked as a full-time financial market analyst since 2018, specialising in the coverage of how developments in the global economy impact financial asset

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