Cessation of Russian gas supplies to the EU: Germany postpones the phased closure of nuclear power plants

06 September 2022, 08:36 | Economy
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Germany must temporarily halt the phase-out of two nuclear power plants in an attempt to bolster energy security after Russia cut off gas supplies to the country, which has been called the most powerful economy in Europe, writes The Guardian.

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Economics Minister Robert Habeck announced on Monday that the Neckarwestheim power plants in Baden-Wurttemberg and Isar 2 in Bavaria will run longer than planned to be used as emergency backup until the middle of next year..

He insisted that Germany has a "

Nuclear power plants will be ready for operation and fully equipped, but only on standby and will not produce electricity unless deemed necessary..

In general, Germany will continue to adhere to its plans - regulated by law - to exit nuclear energy..

The decision to close the nuclear power plant in Germany after the accident in Fukushima.

Due to be mothballed by the end of December, the plants are the last of Germany's nuclear power plants to shut down following a decisive 2011 decision by then-Chancellor Angela Merkel in response to the Fukushima nuclear power plant accident in Japan.

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However, the extreme change in energy markets since Russia's invasion of Ukraine in February has led to a dramatic rethink..

Electricity bills across the continent have skyrocketed as inventories dwindle, putting extreme pressure on households and businesses as winter approaches.



The war will affect not only the economies of the warring countries, but also the world as a whole - financial markets are falling, sanctions are intensifying, commodity prices are rising, in contrast to economic growth forecasts. Russia's invasion of Ukraine threatens to cause serious damage to many countries and entire industries. Read about the impact of the Kremlin's war against Ukraine on the world economy in the article by the author ZN. UA Natalia Vlasyuk.




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