Report: Germany says oil deficit possible because of sanctions

MOSCOW/BUDAPEST, Nov 18 (PRIME) -- Germany has acknowledged the possibility of oil products shortages in some regions to be caused by the sanctions against Russian energy, the Financial Times reported late on Thursday.

The Eastern regions of Germany have several large refineries that depend on Russian oil. One of them – a refinery in the city of Schwedt – is a key supplier of gasoline, diesel fuel, jet fuel, and fuel oil for the regional economy, and services many key local consumers, including the international airport of Berlin, the paper said.

A group of members of parliament from the opposition Christian Democratic Union party requested the government consider energy security in the wake of sanctions on Russian energy. In its response, the government listed its measures for diversification of supplies to the Schwedt refinery, but acknowledged that the oil embargo could create problems for the region.

“Depending on the scenario, local, temporary supply shortages and price increases can’t be excluded,” German ministers said in their response, as quoted by the Financial Times.

Hungarian news agency MTI said quoting Foreign Minister Peter Szijjarto that the European leaders that had supported the anti-Russian sanctions bringing the European economy to recession should resign.

“It would be a normal reaction from the people that hurt the economy of Europe by introducing sanctions,” he said, as quoted by MTI.

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