Germany ready to support embargo on Russian oil

Published

3 years ago

May 3, 2022

Natasha Schapova

Germany may soon move away from Russian energy, backing the European Union if it is to impose an embargo on Russian oil

The ban could be imposed within days.

Germany is Russia’s biggest energy customer, with energy exports being the country’s biggest source of income.

With European countries dependent on Moscow for energy, hundreds of millions of euros are being sent to Russia every day.

Germany’s Chancellor Olaf Scholz has been wary of condemning Russia but is being pressured by other politicians to show more support for Ukraine.

Economy Minister of the Greens says “Germany is not against an oil ban on Russia. Of course it is a heavy load to bear but we would be ready to do that”.

Meanwhile, Scholz confirmed that the sanctions imposed on Russia will remain until Moscow reaches a peace agreement with Ukraine.

The Chancellor says Putin’s moves were miscalculated and “He didn’t think his entire Ukraine operation through”.

He also emphasised that Germany will not accept Russia’s annexation of Crimea, labelling it as a “breach of international law”.

In an interview on ZDF public television Scholz added that he will not be visiting Kyiv.

Related Topics:Featured germany Politics russia trending ukraine

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Natasha Schapova

Natasha is an Associate Producer at ticker NEWS with a Bachelor of arts from Monash University. She has previously worked at Sky News Australia and Monash University as an Online Content Producer.

Israel and Hamas agree to landmark hostage deal

Israel and Hamas agree to release hostages in U.S.-brokered deal, marking a potential turning point in Gaza conflict.

Published

10 hours ago

October 10, 2025

ticker NEWS

Israel and Hamas agree to release hostages in U.S.-brokered deal, marking a potential turning point in Gaza conflict.

In a major diplomatic breakthrough, Israel and Hamas have agreed to release all remaining Israeli hostages under a U.S.-brokered framework. The deal pairs prisoner exchanges with an Israeli troop pullback and expanded aid access, marking a potential turning point in the two-year Gaza conflict.

The agreement, set for approval by Israel’s cabinet, could pave the way for lasting peace if both sides uphold the terms. It follows weeks of negotiations led by U.S. envoys and regional mediators in Egypt, Qatar, and Türkiye.

As international agencies prepare to facilitate aid and logistics, the world watches to see whether this fragile deal can hold and bring relief to millions affected by the war.

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Google leads Australia media tax rankings

Google leads in Australian media tax payments, unlike Netflix and others, igniting discussions on fairness and corporate responsibility.

Published

1 day ago

October 9, 2025

ticker NEWS

Google leads in Australian media tax payments, unlike Netflix and others, igniting discussions on fairness and corporate responsibility.

Google is currently on the of top of Australian media tax payments, while Netflix, Dentsu, and Singtel pay nothing, sparking a fresh debate over fairness and corporate responsibility in the industry.

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