Russian gas block comes close to impacting Mercedes-Benz

Published

4 years ago

May 2, 2022

Anthony Lucas

The Russian government has blocked exports of Russian gas to some EU countries, forcing Mercedes-Benz into a slight panic

Mercedes-Benz is working around the clock to come up with a back-up plan if Russia cuts gas deliveries to Germany.

The car maker is looking at energy alternatives should Germany be next to face gas cuts.

The Kremlin’s recent block on gas supplies to Poland and Bulgaria didn’t impact the car-maker’s operations but executives say it is a close call.

Mercedes says that an abrupt stop to gas deliveries from Russia would impact production with natural gas still used in particular for heating and paint shops at its factories.

The Kremlin is continuing to retaliate against nations that impose sanctions on Russia amid its invasion of Ukraine.

The Russian government says it won’t hesitate to block critical supplies of gas to other countries within Europe, if they continue to criticise Russia.

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U.S. investors flee stock market for global opportunities

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U.S. investors withdrew $75 billion from stocks in six months, fastest in 16 years, with $52 billion in 2026 alone.

U.S. investors are withdrawing money from domestic stocks at the fastest rate in 16 years, with $75 billion leaving equity products over the past six months. The trend accelerated in 2026, with $52 billion pulled from Wall Street so far.

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