Fuel and energy

German Finance Minister Christian Lindner spoke out against imposing bans on the purchase of Russian oil, coal and gas.

Serbian President Aleksandar Vucic said that the price of oil could rise by 2-3 times in the event of a ban on imports from Russia.

French Economy Minister Bruno Le Mer called on the country's residents to use energy more wisely due to the rapid rise in energy prices.

The price of gas in Europe during the auction for the first time exceeded $2,800 per 1,000 cubic meters, TASS reports, citing data from the ICE exchange.

In Canada, they proposed to supply Canadian oil to the United States instead of Russian because of the situation around Ukraine.

It will be difficult for Europe to find a replacement for Russian gas before the end of the year, said Alexander Kamkin, a researcher at the Center at the Institute of Europe of the Russian Academy of Sciences.

According to the expert, the rise in gas prices is due to the nervousness of the market about possible interruptions.

The sanctions imposed against Russia for the operation to protect the Donbass will hit the German economy hard.

German Chancellor Olaf Scholz called the decision to stop the Russian gas pipeline Nord Stream 2 timely.

Germany, following the United States and other member countries of the International Energy Agency (IEA), intends to use part of the oil from national reserves.

The official representative of the Russian Ministry of Foreign Affairs said that the German government succumbed to the temptation to use the Nord Stream 2 gas pipeline as leverage on the Russian Federation.

The supply of Russian gas through the territory of Ukraine is carried out in normal mode. This was reported on Tuesday, March 1, in Izvestia with reference to Gazprom.

German Economy Minister Robert Habeck said that Germany had not recorded violations in the supply of energy resources from abroad.

Theoretically, the commissioning of the Russian Nord Stream 2 gas pipeline is possible without the certification of the regulator.

Kiev has suspended the import of electricity from Minsk since Wednesday, February 23.