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German ministry wants to halve dependence on Russian oil by summer

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Germany’s economy ministry plans to reduce its dependence on Russian oil and import no Russian hard coal by the autumn, Der Spiegel magazine reported on Friday, citing a ministry memo.

This move is part of a coordinated effort by Western countries to resist Russia's one-month-long invasion invading Ukraine. It has described it as a "special operation". Read more

Spiegel quoted the memo saying that Russian oil imports to Germany will be reduced by half by the middle of this year. We aim to become almost self-sufficient by the end of this year.

"By autumn, Germany will be free from Russian coal."

A ministry spokesperson did not respond to Reuters' request for comment, but stated that Economy Minister Robert Habeck would discuss the issue of energy dependence at a morning news conference.

Spiegel also quoted minister sources saying that, "Despite the progress made, an immediate embargo would still cause too severe economic and social consequences."

The magazine stated that three floating terminals for liquefied natural gases had been "optioned by ministry officials."

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It stated that the German government was currently looking at possible locations in the North Sea or Baltic Sea to use these in the short-term - in some cases, already for the winter 2022/23," citing the memo.

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