Germany Warns of Potential Bottlenecks From Russian Oil Embargo
- Temporary local price increases also possible, government says
- Ban on pipeline crude imports from Russia to start on Dec. 5
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Germany can’t rule out temporary supply bottlenecks and price increases when a ban on imports of Russian crude starts next month.
The situation could be comparable to this summer when low water levels on the Rhine disrupted transportation of energy commodities and other goods, the Economy Ministry wrote in an answer to questions from the conservative CDU/CSU parliamentary group.