Germany does not finance Putin’s war

Berlin Chancellor Olaf Scholz has rejected criticism that Germany is helping to finance Kremlin chief Vladimir Putin’s war in Ukraine with its energy imports from Russia. “Russia currently cannot do anything with the money it is storing in its accounts because of our sanctions,” said the SPD politician on Sunday evening on the ARD program “Anne Will”. It’s about a few hundred billion in foreign exchange reserves. “Therefore, it is very unlikely that this connection even exists.”

Germany’s dependence on Russian energy imports will be eliminated “quite quickly”. With coal, if everything goes well, this could happen quickly this year, Scholz announced. This can also happen very quickly with oil. And for gas, plans that had been in the drawer for a long time have “now been activated”. The technical infrastructure is being created at great speed in order to be able to import gas from other suppliers.

Scholz again rejected an immediate import boycott. He warned: “It’s about an unbelievable number of jobs.” Conversely, should Russia end its exports, Germany would be prepared. “But if these imports stopped from one day to the next, it would mean that entire branches of industry would have to stop their activities.”

Scholz also rejected the Ukrainian proposal for a one-month embargo. Responsible politics must have the courage to speak the truth. “And the truth is that if we did that, we would trigger a major economic crisis.”

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This would not be so easy to do in Europe either. For example, Italy is highly dependent on Russian imports. Some Eastern European countries have networks that are linked to the Russian network from earlier times, but not to the Western networks.

Drastic consequences of using chemical weapons

Should Russia use chemical weapons against the Ukrainians, “dramatic measures” must be expected, says Scholz. “The use of biological and chemical weapons must not take place, and that’s why everyone is really so explicit, so explicit on this issue,” said the SPD politician on Sunday in the ARD program “Anne Will”. “That would have the harshest consequences, and we agree that we will of course react with dramatic measures.”

There are already considerations about these measures, said Scholz. “But of course that’s nothing to talk about.” However, the chancellor made it clear that NATO would not enter the war over Ukraine even if chemical or biological weapons were used. “NATO will not become a party to the war, that’s clear.”

At its summit meeting in Brussels on the Ukraine war on Thursday, NATO had already agreed that it would react to the use of chemical or biological weapons with “serious consequences”. The alliance did not become more concrete.

Scholz also announced that the NATO countries and Germany would be significantly upgraded to protect themselves against possible attacks by Russia. “We make ourselves so strong that nobody dares to attack us,” he said. That was also the message to Russian President Vladimir Putin: “Don’t you dare”. Scholz emphasized that all NATO partners in Eastern Europe could rely on the obligation to provide assistance and that the USA and Germany played a special role in this.

“An attack … would be an attack on ourselves,” he said of a possible threat to Poland or the Baltic states from Russia. He pledged that Germany would fulfill the NATO commitment to spend two percent of economic output on defense. The Bundeswehr plays a central role in the defense of the alliance and the country, especially with the possibilities “on the ground”: “Only the USA and Germany will have the strength that is necessary for the entire alliance.” This will have to be organized . “Everyone can rely on that,” emphasized the Chancellor.

Regarding the statements made by US President Joe Biden on Saturday evening that Putin should not remain in power, Scholz made it clear that NATO is not seeking a change of power in Russia. “That is not the goal of NATO, nor of the American President, by the way.”

No tax increases

On the subject of defense in Germany, Scholz confirmed that the federal government is considering purchasing a missile defense system. “It’s definitely one of the things we advise on, and for good reason,” he said. Earlier, politicians in the traffic light coalition had brought up the purchase of an Israeli missile defense system for Germany. The SPD politician is also committed to the two percent of the NATO countries.

In terms of financing, Scholz makes it clear that he rejects tax increases and at the same time sticks to the debt brake. He referred to the agreements of the traffic light parties in their coalition agreement. “We have reached an understanding in the coalition between the three parties on the issues of both the debt brake and the issue of tax increases. And all three of them will ultimately stick to them.”

When asked whether the debt brake would be observed again in the coming year, the SPD politician said: “It’s in the Basic Law.” Scholz referred to earlier statements about the Corona crisis that Germany was able to quickly get a lot of money for maintenance to mobilize the economy and jobs because it had done well before and reduced the national debt. “One thing is clear: this is for the crisis,” he said, referring to the current high level of borrowing. “But there is also a time without a crisis.”

More: Putin’s war of aggression in Ukraine triggered a chain reaction on the commodity markets. This is just the beginning of a global struggle.

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