And it happened after Angela Merkel took Germany out of nuclear power after the nuclear catastrophe in Japan in Fukushima in 2011, after the tsunami.Īnd so my suspicion is the legal advisers are being super careful here and saying, what we need is a clear case of force majeure, in other words, a clear-cut case of Russian attack, to be able to move to this without incurring legal damages in the billions, literally, probably 10 billions. Oil prices are well over 90 a barrel, and an invasion would most likely push them above 100. German courts take that kind of thing very seriously. Updated Feb 18, 2022, 6:39 PM IST Russia-Ukraine tensions drag Sensex down for 2nd straight week what’s next Benchmark equity indices BSE Sensex and NSE Nifty extended their fall for the. Critics say curbing domestic oil production weakens the United States' position. And if the government stops the suspension process and says, this will never go online, that would be in legal terms an exercise of eminent domain. Oil rises to near 89 on Russia-Ukraine tension. Russia-Ukraine tensions threaten Europe's oil supply, reigniting debate over Biden's climate agenda.

It's actually factually correct to say that, if the chancellor does that. We outline the impact on oil prices and the energy transition. It's that - I think, if you talk to German officials in private, as you said in your report, they are pretty clear that is one of the biggest albatrosses around the neck of German foreign policy ever.īut this is a private undertaking. Russia's invasion of Ukraine inflated oil prices even further to well over 110 per barrel. A Russian invasion of Ukraine would send shockwaves across Europe and perhaps as far west as the United States.

Oil edge russiaukraine tensions drag on