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Germany's Scholz Says Sanctions Are Having 'Strong Impact' on Russia
Posted
March 24, 2022
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1:00Now PlayingGerman Chancellor Olaf Scholz said sanctions against Russia were having strong impact one month on from Ukraine invasion.
Scholz told reporters in Brussels Thursday after the NATO summit there, that "we are united in our commitment to see these sanctions through as long as necessary and to keep reviewing them for effectiveness."
The chancellor added world leaders had committed to "full implementation of sanctions measures."
Asked about the threat of a nuclear, biological or chemical weapons attack by Russia, Scholz said that such an attack "would be a breach of all the rules and agreements and conventions that exist."
He added: "That is why we are all concerned not only to point this out publicly, but also to say in the talks that we are holding: do not do this."
When asked how Russia's announcement that future payments for its energy exports will be in rubles will impact Germany, Scholz answered "what we have learned so far boils down to the fact that there are fixed contracts everywhere, where the currency in which payment is made is also part of the contract. And that it is something that then also applies. And that's mostly euros or dollars. Those are the starting points that we have to work from."
Scholz also said that Germany has committed to giving 370 million euros (407 million US dollars) to Ukraine in humanitarian aid and another 430 million euros (473 million US dollars) for global food supply to help prevent famines.
He called on the international community to help Europe shoulder the burden of the millions of refugees arriving from Ukraine by taking in shares of them all over the globe.
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