Germany's Scholz: Discussed law speeding up development of LNG

Eren Sengezer FXStreet

German Chancellor Olaf Scholz said on Wednesday that Russian President Vladimir Putin has miscalculated the war against Ukraine and added that now he is facing a stronger NATO and European Union, as reported by Reuters.

Scholz further noted that they will put forward on Monday a law that they have discussed to speed up the development of LNG.

Market reaction

These comments don't seem to be having a noticeable impact on market sentiment. As of writing, Germany's DAX 30 Index was down 0.3% on the day at 14,000.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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