Following a full refusal: Germany is still trading Russian gas - the media

According to the financial expert Christian Herke, the German government behaves "contradictory" because, on the one hand, the state firm buys and sells Russian gas, and on the other, officials call for strengthening sanctions against the Russian Federation. Germany is still trading in liquefied natural gas from the Russian Federation, since the termination of the contract can cost the state billions of euros. Bloomberg writes about it on October 19.

It is reported that last year Germany nationalized Sefe GmbH, which was previously a Gazprom. This step was taken to avoid side effects from the energy crisis that occurred in the region after reducing the supply of pipeline gas from the Russian Federation. SEFE still supplies Russian liquefied natural gas as part of an agreement signed for nationalization of the company. It is a 20-year gas supply contract from Yamalia to Siberia.

Yes, this month, SEFE has accepted the Belgian port of Zebrugge by some parties of Russian gas that will be sent to India. Importing gas from the Russian Federation to Germany or any other EU country in the company do not intend. "Like any long-term delivery contract, this old SEFE contract also contains very strict penalties and consequences of liability if SEFE fails to fulfill its contractual obligations," the firm said.

According to journalists, the mentioned contract became a "headache for Germany", since earlier Berlin directly declared a complete refusal to use Russian gas in connection with the war in Ukraine. In this case, the violation of the agreement can cost the German budget at least 10 billion euros. This is the approximate amount of losses and penalties that the Russian Federation can theoretically file a lawsuit with the International Arbitration Court.

According to acquaintances with the situation of persons, this fact makes the contract break unlikely. Financial expert Christian Giorke noted that because of the SEFE situation, the German government is "controversial". Yes, the German state company buys, promotes and sells Russian gas and at the same time the authorities call for increased anti -Russian sanctions. We will remind, in May last year the Russian "Gazprom" announced the termination of gas supply to Germany.