Germany is pushing ahead with its search for alternative suppliers to Russia for oil, gas and coal and preparing additional aid for consumers and businesses struggling with higher energy prices.
Russia’s war on Ukraine has exposed Germany’s heavy reliance on Moscow for energy imports, including about half of its gas and coal and around a third of its oil. Germany is particularly exposed as it’s in the process of exiting both nuclear and coal power while attempting to accelerate the expansion of renewables like wind and sun.
