Putin receives money from the sale of fossil fuels, but can not buy anything with them - Gabek

24 June 2022, 09:38 | Economy
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Economic sanctions against Russia are effective. A sign of this can be considered a reduction in the supply of fossil fuels to a number of European countries, for example, to Germany. German Economics Minister Robert Gabeck.

According to RTL, a German official believes that although Russia continues to receive large funds to the budget from oil and gas contracts, due to sanctions, the aggressor country has nothing to spend them on..

“Yes, Putin gets money from the sale of fossil fuels, but he can hardly buy anything with them, because the West has imposed sanctions on a large number of goods. Since he cannot buy anything with this money, he decided: since I no longer need them, then I can reduce the gas supply.. This is a sign that the sanctions are very effective,” Gabek said..



However, the German economy minister added that this still does not make the gas situation easier for his country.. He noted that since the beginning of the full-scale war of the Russian Federation against Ukraine, the expenses of German citizens on fuel have doubled: from 40-60 euros per month to 100-120. According to Gabek, the price of imported liquefied gas, with which Germany replaces Russian pipeline gas, will continue to grow.

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Recall that in mid-June, Russia cut gas supplies to Germany by almost half..




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