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Scholz-Cannot Expect Energy Supplies From Russia For Foreseeable Future

GERMANY

Chancellor Olaf Scholz delivering comments at the Mechanical Engineering Industry Association:

  • Livestream (in German): https://twitter.com/i/broadcasts/1gqGvywmwbkKB
  • "Decoupling with China would be the wrong path, we need wise political and economic diversification "
  • "Putin wants to divide Europe and the German society but we will not allow this. "
  • "We cannot expect energy deliveries from Russia for the foreseeable future"
  • "The gov't is urgently considering gas price brake proposal and clarifying how to adopt and implement".
  • "We need international agreement on energy prices, this will be discussed at the G7"
Germany remains one of the most dovish nations in the EU with regards to maintaining strong economic and investment links with China. Scholz set to travel to Beijing November 3-4 for his first visit as Chancellor. Fine balancing act for Scholz between being seen as a good ally by the US, which continues to press EU to decouple from Chinese supply chains, while not being viewed as an adversary by Beijing given the significant economic linkages between the two states.
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