A shortage of gas could lead to the cessation of production of some goods in Germany.

Jörg Rothermel, managing director of the branch organization Association of the Chemical Industry (VCI), warned about this in an interview with the "Financial Times".

There is a danger that we will no longer be able to produce some things in Germany because of a lack of gas or too high energy costs that make production unprofitable, Rothermel said.

According to him, some German companies can also work with energy carriers other than gas, such as oil or coal.

However, according to estimates, only 2-3 percent of gas consumption in the chemical industry can be replaced.

"This is not enough to solve our problem," he said, quoted by BTA.

Meanwhile, Petr Tsingr, CEO of the country's largest ammonia producer and fertilizer supplier, SKW Stickstoffwerke Piesteritz, also said that if gas supplies from Russia were to be cut off, the company would have to stop production "immediately".

According to him, the increase in the cost of producing goods has already begun to negatively affect demand.

The transit of Russian gas to Europe remains at the same volume

If Russian gas supplies are completely cut off, most economists expect the eurozone countries to experience a severe drop in production.

According to experts at the Swiss bank UBS (UBS), the lack of gas supplies in the coming winter season would cause a "deep recession" in the eurozone, with economies likely to shrink by almost 6 percent by the end of next year.

As of July 11, supplies of Russian gas via Nord Stream to Europe have been temporarily suspended for 10 days due to planned annual maintenance.

During this time, the only route for the blue fuel to Western and Central Europe remains only the transit route through Ukraine.

Gas deliveries via "Turkish Stream" and "Blue Stream" are intended for Turkey and the countries of Southern and South-Eastern Europe.

German economy

Russian gas