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German bosses, unions jointly oppose boycott of Russian gas

German bosses, unions jointly oppose boycott of Russian gas

ABC News
Monday, April 18, 2022 04:26:23 PM UTC

Germany’s employers and trade unions have joined together in opposing an immediate European Union ban on natural gas imports from Russia over its invasion of Ukraine

BERLIN -- Germany's employers and unions have joined together in opposing an immediate European Union ban on natural gas imports from Russia over its invasion of Ukraine, saying such a move would lead to factory shutdowns and the loss of jobs in the bloc's largest economy.

“A rapid gas embargo would lead to loss of production, shutdowns, a further de-industrialization and the long-term loss of work positions in Germany,” said Rainer Dulger, chairman of the BDA employer's group, and Reiner Hoffmann, chairman of the DGB trade union confederation, in a joint statement Monday on Germany's dpa news agency.

The statement comes as European leaders are discussing possible new energy sanctions against Russian oil, following a decision April 7 to ban Russian coal imports beginning in August. Ukraine's leaders say revenues from Russia's energy exports are financing Moscow's destructive war on Ukraine and must be ended.

That won't be easy to do. The EU's 27 nations get around 40% of their natural gas from Russia and around 25% of their oil. Natural gas would be the most difficult do without, energy analysts say, since most of it comes by pipeline from Russia and supplies of liquefied gas, which can be ordered by ship, are limited amid strong demand worldwide.

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