How war in Ukraine convinced Germany to rebuild its army

Three days after Russia invaded Ukraine, the German government said it would spend €100bn on modernising its army, the Bundeswehr. For Renzo Di Leo, a captain in Germany’s 37th armoured infantry brigade, the big question is: what took it so long? “We’ve known about the threat from Russia at least since it annexed Crimea in … Read more

Germany is keen to pursue gas projects with Senegal, says Scholz on first African tour

Breadcrumb Trail Links PMN Business Author of the article: Reuters Andreas Rinke and Sarah Marsh Publishing date: May 22, 2022  •  13 minutes ago  •  2 minute read  •  Join the conversation Article content DAKAR/BERLIN — Germany wants to intensively pursue gas and renewable energy projects with Senegal, Chancellor Olaf Scholz said on Sunday during his … Read more

Germany and Italy approved Russian gas payments after nod from Brussels – sources

Breadcrumb Trail Links PMN Business Author of the article: Reuters Stephen Jewkes and Markus Wacket Publishing date: May 20, 2022  •  11 minutes ago  •  3 minute read  •  Join the conversation Article content MILAN/BERLIN — Germany and Italy told companies they could open rouble accounts to keep buying Russian gas without breaching sanctions against Moscow … Read more

Germany to Stop Russian Oil Imports Regardless of EU Sanctions

Breadcrumb Trail Links PMN Business Author of the article: Bloomberg News Michael Nienaber Article content (Bloomberg) — Germany plans to stop importing Russian oil by the end of the year even if the European Union fails to agree on an EU-wide ban in its next set of sanctions, government officials said. Efforts to seal deals … Read more

Germany says all ready for quick ratification of Finnish, Swedish NATO membership By Reuters

© Reuters. FILE PHOTO: German Foreign Minister Annalena Baerbock attends the final news conference during the G7 foreign ministers’ summit in Weissenhaeuser Strand, Germany, May 14, 2022. Marcus Brandt/Pool via REUTERS BERLIN (Reuters) – Germany has taken all preparations for a quick ratification process should Finland and Sweden decide to apply for NATO membership, Foreign … Read more

Germany Girds for Day of Reckoning in Russian Gas Showdown

(Bloomberg) — If the worst-case scenario for Germany hits, BMW AG, Mercedes-Benz AG and Volkswagen AG would struggle to paint their cars and the air across the country would get dirtier. Most Read from Bloomberg Europe’s largest economy is bracing for the prospect that Russian natural gas gets cut off suddenly, a shock that would … Read more

Germany Girds for Day of Reckoning in Gas Showdown With Russia

Breadcrumb Trail Links PMN Business Author of the article: Bloomberg News Vanessa Dezem and William Wilkes Article content (Bloomberg) — If the worst-case scenario for Germany hits, BMW AG, Mercedes-Benz AG and Volkswagen AG would struggle to paint their cars and the air across the country would get dirtier. Europe’s largest economy is bracing for … Read more

Germany Says Russia Weaponizes Energy as Gas Feud Escalates

(Bloomberg) — Germany said Russia is using its energy exports as a “weapon” after Moscow reduced natural gas supplies in retaliation for Europe’s penalties over the war in Ukraine. Most Read from Bloomberg A unit of Gazprom PJSC that was seized by Germany has had its deliveries reduced by about 10 million cubic meters a … Read more

Germany scrambles to change its Russia policy

This article is an on-site version of our Europe Express newsletter. Sign up here to get the newsletter sent straight to your inbox every weekday and Saturday morning Good morning and welcome to the Financial Times’ Europe Express Weekend newsletter. I’m Tony Barber, the FT’s European Comment Editor, and every Saturday, I’m unpacking one of … Read more