Skip to content

Germany Won’t Block a Russian Oil Embargo, Habeck Says

  • Habeck skeptical whether embargo is most effective strategy
  • Vice chancellor warns Putin could use oil to divide countries
Video player cover image
Europe’s Ability to Weather a Russian Oil and Gas Ban
Updated on

Germany signaled it wouldn’t oppose a European Union embargo on Russian oil, but expressed skepticism that it’s the most effective means of damaging Vladimir Putin.

Economy Minister Robert Habeck -- also vice chancellor in the ruling coalition in Berlin -- warned that halting Russian oil imports would cause serious pain to Europe’s biggest economy, including supply shortages and “enormous price increases.”