German Industry Fears Immediate Russian Gas Ban

As Europe continues to consider a ban on Russian energy exports, German business and unions are joining forces in opposition, warning that an immediate Russian natural gas ban would have a severe negative impact on industry and jobs. Germany boasts the largest economy in the 27-nation European Union and resisted a ban on Russian energy imports, opting instead for a strategy that would seek to gradually phase out Russian oil by year-end 2022 and Russian gas imports within two years.  “A rapid gas embargo would lead to loss of production,…