BASF CEO: Banning Russian Energy Imports Could Throw Germany Into Historic Crisis
April 9th, 2022Via: Reuters:
Germany could face its biggest economic crisis in nearly 80 years should imports of Russian gas and oil be stopped or disrupted in the long-term, the chief executive of BASF, one of the country’s biggest electricity consumers, said.
“This could throw the German economy into its biggest crisis since the end of World War Two,” Martin Brudermueller told Frankfurter Allgemeine Zeitung, adding this posed an existential threat to Germany’s small and medium-sized businesses.
