Saturday, 10th December 2022
<To guardian.ng
Search

Germany warns prices may spike as Russia sanctions tighten

Germany's Cabinet has wrapped two days and talks about the war in Ukraine and its impact on the German economy. The government warned that a planned EU oil embargo could cause supply problems and even higher inflation.

Related

13 Apr
The system would be based on Israel's Arrow 3 model and would be capable of intercepting long-range ballistic missiles. "We must prepare ourselves," said German Chancellor Olaf Scholz.
16 Apr
Germany's defense minister says there's hardly any possibility left to supply Ukraine with weapons from the German military arsenal, and further deliveries would have to be made through the arms industry.
12 Apr
Tesla CEO Elon Musk will not be joining the board of directors at Twitter as announced last week. Musk remains Twitter's largest shareholder.
19 Apr
As the Russian invasion of Ukraine continues to impact crucial food exports, wheat prices are soaring. Many African countries rely on Ukrainian and Russian grain exports and could face a severe food crisis. But in Cameroon, entrepreneurs are coming up with alternatives to wheat, which is used to make flour. Production of bread and cakes made from local cassava and sweet potato flour is now booming. These tubers are abundant in the country but are normally used unprocessed in traditional dishes. Our correspondents report.
15 Apr
German leaders recently agreed on a €2 billion package helping states accommodate and integrate Ukrainian refugees fleeing Russia's war. But money is not the only problem.
17 Apr
Berlin plans to lease four liquefied natural gas (LNG) terminals to wean itself off Russian gas. The decision comes as the controversial Nord Stream 2 pipeline now sits unused at the bottom of the Baltic Sea.
24 Apr
Foreign Minister Annalena Baerbock said urgent action is needed to combat hunger amid rising food prices and the devastating impact of climate change in Niger and other areas of the troubled Sahel region.
21 Apr
The Catholic archdiocese in Germany is facing heavy criticism for its mishandling of sexual abuse cases. In Cologne, more and more people are quitting the Church.
24 Apr
25 years after reunification, all of Germany's top-class professional teams are from the old West Germany. The same goes for the 2nd division with the exception of Union Berlin. But there is hope, chiefly for RB Leipzig.
23 Apr
As Germany looks to ditch Russian oil and gas for good, its domestic energy industry is a key side actor — but can it step up to the plate? We search for clues in the village where Germany's oil sector was born.
26 Apr
The Russian Orthodox Church supports the invasion of Ukraine. But in Germany, a Russian Orthodox monastery is providing shelter and safety to Ukrainian refugees. Politics, they say, are left at the door.
30 Apr
Prosecutors in Germany accuse the man of crimes against humanity and murder in Gambia. Among the victims of the so-called "Junglers" death squad was a prominent journalist and AFP correspondent.