German Vice-Chancellor Robert Habeck confirms that “Putin continues to make money, but cannot spend it”
Western sanctions against Russia for the invasion of Ukraine are successful and increasingly affect the aggressor country. “They hurt him,” Chancellor and German Economy and Energy Minister Robert Habeck said Thursday in an intervention before the Bundestag, the federal parliament, for which he assured that “the Russian economy is collapsing”. The environmentalist admitted that Russia still earns billions of euros for its gas and oil, but “more and more it can buy less, de facto, nothing more with that money.” Russian President Vladimir Putin “will not be able to tolerate this situation for much longer,” Habeck said.
The countries that have joined the sanctions against the Moscow regime have reduced their exports to Russia by more than 50% in recent months, but also the states that do not participate directly in this sanction have increased their sales of products to that country by 45 see it fall. %, the German head of Economy assured. “The necessary security checks are not being carried out on (Russian) commercial aircraft with the result that these aircraft will all have to be grounded in the short term,” Habeck noted when explaining some of the consequences of the sanctions.
Russia also suffers from a lack of technical supplies, leading to the “destruction” of many production processes in its industry. “Putin continues to make money, but cannot spend it” and further, “nobody wants to invest in Russia. Time works against Russia, against the Russian economy,” assured the number two of the German government, noting that Russia’s GDP has already fallen by 9% and that its financial credit is at the lowest level in international markets, while the investment in the country has fallen by 34%.
The Green politician acknowledged that it is “embarrassing” that Germany is still dependent on Russia for energy due to the necessary imports of natural gas, but stressed that the German economy and population is cooperating significantly with the pressure the Moscow regime is being exposed to by going out. of the increase in energy and fuel costs as a result of the war. “We’re doing it to hurt Putin’s economy,” said Habeck, noting that Germany is “making its economic-political contribution to end the war someday.”
Source: La Verdad
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