Germany’s Economy: The Biggest Victim of EU Sanctions Against Russia
According to the English section of webangah News Agency, citing Mehr News Agency, Brandon Weichert, senior editor of the American publication National Interest, wrote in a report that Germany’s economy has been severely weakened by EU sanctions against Russia and the consequences of the war in Ukraine.
Weichert attributed the sharp decline in Germany’s industrial strength since the Ukraine conflict partly to the retaliatory effects of sanctions and the halt of the Nord Stream 2 pipeline project.
The National Interest senior editor noted that beyond driving up energy prices, the war in Ukraine has sparked economic and political tensions within the EU. These developments have raised concerns about regional economic stability and Germany’s industrial competitiveness.
He added that ongoing restrictions combined with continued dependence on imported energy risk causing serious challenges for Germany’s economy in upcoming years. This situation could also complicate efforts by european Union member states to adopt unified economic and security policies.
The article emphasized that repercussions from both the war and related sanctions extend beyond economics,fueling political disputes within the EU as well.
The already suspended Nord Stream 2 pipeline-which previously supplied a major portion of Berlin’s industrial energy needs-has forced costly substitutions from alternative sources, placing notable financial pressure on Germany’s economy.
