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Merkel says Europe should not cut ties with Russia
28-02-2019 22:35
Merkel says Europe should not cut ties with Russia
Merkel says Europe should not cut ties with Russia

Russian gas has long stopped being only natural fuel and an object of commercial transactions. Now it is also a tool of political pressure. Moreover, Western countries consider it exclusively a weapon of political struggle for some reason. Dissatisfaction with this situation is expressed on an ongoing basis, especially amid the construction of the Nord Stream 2 pipeline. But these countries need gas. That is why, guided by common sense and the modern market rules, Germany is trying to convince its allies that refusal to buy Russian gas is expensive and unprofitable. Besides, speaking at the Munich Security Conference, German Chancellor Angela Merkel noted that Russia would always find buyers. “A Russian gas molecule remains a Russian gas molecule, regardless of whether it comes through the Ukraine or across the Baltic Sea. If during the Cold War we imported large amounts of Russian gas, I don't know why times should be so much worse today that we can say: Russia remains a partner. Do we want to make Russia only dependent on China?” Merkel stated.  

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

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