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Business / World Business

Germany warns about gas over Russian demands

Published: 30 Mar 2022 - 10:02 am | Last Updated: 30 Mar 2022 - 10:03 am

AP

BERLIN: Germany’s economy minister says he is triggering the early warning level for gas supplies amid Russia’s continued demand to be paid in rubles.

Robert Habeck told reporters Wednesday that this was the first of three warning levels and entails the establishment of a crisis team in his ministry that will heighten monitoring of the gas supply situation.

Habeck said he took the measure after Moscow indicated it would require payment in rubles despite the Group of Seven countries rejecting such demands on Monday.

He says Germany’s gas storages are currently filled to about 25% capacity.