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World’s Largest Chemical Giant Warns of ‘Total Collapse’ If Putin Cuts Off Gas Supply
The most ‘catastrophic’ economic crisis since World War 2.
© pressThe CEO of Germany’s multinational BASF SE has warned that cutting off energy imports from Russia would result in pushing Germany into its most “catastrophic” economic crisis since World War 2.
During an interview with Frankfurter Allgemeine newspaper, Company CEO Martin Brudermuller gave an “early warning” to industries and the population of possible natural gas shortages.
While “Germany could be independent from Russia gas in four to five years,” according to Bloomberg.
“LNG imports cannot be increased quickly enough to replace all Russian gas flows in the short term.”
Brudermuller said that “It’s not enough that we all turn down the heating by 2 degrees now, given that Russia covers 55 percent of German natural gas consumption.”
© pressHe also warned that if Russian gas disappeared overnight, “many things would collapse here,” given that “we would have high levels of unemployment, and many companies would go bankrupt…..More Here
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