IHK Resolution: German Companies Call for End to Russian Gas and Oil Imports
Industry Leaders Urge Swift Action to Reduce Dependence on Russian Energy
The German Chamber of Industry and Commerce (IHK) has adopted a resolution calling for an immediate end to imports of Russian gas and oil. The move follows growing pressure on Germany to take a stronger stance against Russia in the wake of its invasion of Ukraine.
Key Points of the Resolution
- The resolution calls for a complete ban on imports of Russian gas and oil by the end of 2023.
- The IHK acknowledges that this will be a difficult task, but argues that it is necessary to reduce Germany's dependence on Russian energy.
- The resolution also calls for increased investment in renewable energy sources and energy efficiency measures.
Impact on German Industry
The IHK resolution has been met with mixed reactions from German industry. Some businesses support the call for an end to Russian energy imports, while others warn that it could damage the German economy.
The chemical industry, which is heavily reliant on Russian gas, has expressed concerns that a ban on imports could lead to job losses and reduced production. However, other industries, such as the automotive industry, are more supportive of the resolution.
Government Response
The German government has not yet responded to the IHK resolution. However, it is under increasing pressure to take action to reduce Germany's dependence on Russian energy.
In March, the government announced a €10 billion package of measures to accelerate the transition to renewable energy. The government is also considering a windfall tax on energy companies that have benefited from rising energy prices.
Conclusion
The IHK resolution is a significant development in Germany's response to the Ukraine crisis. It shows that there is growing support in the business community for an end to Russian energy imports.
The government is under pressure to take action on this issue, but it is likely to face resistance from some businesses. It remains to be seen whether the government will adopt the IHK's resolution or pursue a more gradual approach.
