Germany Signals Opposition to Ban on Russian Energy Imports

  • Building up new sources ‘won’t happen overnight,’ Scholz says
  • Comments put brakes on discussions to target oil, gas sectors
Germany Tries to Rely Less on Russian Energy
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German Chancellor Olaf Scholz said he opposes cutting off energy supplies from Russia, calling imports of oil and gas of “essential importance” to the European economy.

While the European Union needs to find alternatives, “this won’t happen overnight,” Scholz said Monday in a statement. “It’s therefore a conscious decision on our part to continue the activities of business enterprises in the area of energy supply with Russia.”