The German Vice Chancellor, Robert Habeck, affirms that “Putin continues to earn money, but he cannot spend it”
Western sanctions against Russia for the invasion of Ukraine are succeeding and are increasingly affecting the aggressor country. “They hurt him,” said the federal deputy chancellor and German Minister of Economy and Energy, Robert Habeck, on Thursday in an intervention before the Bundestag, the federal parliament, before which he assured that “the Russian economy is collapsing.” The environmentalist politician admitted that Russia continues to earn billions of euros for its gas and oil, but “increasingly it can buy less, de facto nothing more, with that money.” Russian President Vladimir Putin “will not be able to put up with this situation much longer,” Habeck said.
The countries that have joined the sanctions against the Moscow regime have reduced their exports to Russia in recent months by more than 50%, but also the states that do not participate directly in this punishment have seen their sales of products cut to that country by 45%, assured the German head of Economy. “The necessary security checks are not being carried out on (Russian) commercial aircraft with the consequence that these aircraft will all have to remain on the ground in a short time,” Habeck commented when explaining some of the consequences of the sanctions.
Russia also suffers from a lack of technical supplies, which is leading to the “destruction” of many production processes in its industry. “Putin continues to earn money, but he cannot spend it” and furthermore “no one wants to invest in Russia. Time works against Russia, against the Russian economy”, assured the number two of the German government, who commented that the Russian GDP has already fallen by 9% and its financial credit is at the lowest levels in the international markets, while the investments in the country have fallen by 34%.
The green politician acknowledged that it is “shameful” that Germany continues to be dependent on Russia for energy due to the necessary imports of natural gas, but stressed that the German economy and population participate appreciably in the pressure to which the Moscow regime is being subjected by assuming the rise in energy and fuel costs as a result of the war. “We do it to damage Putin’s economy,” said Habeck, who commented that Germany “makes its economic-political contribution to get the war to end sometime.”
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