Germany faces wave of bankruptcies, MP warns ...News

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The sanctions on Russia are hurting the German economy, Klaus Ernst says Germany is facing a wave of bankruptcies as a result of the sanctions policy regarding Russia, the chairman of the Bundestag committee on energy, Klaus Ernst, warned on Thursday. In a post on Twitter, the left-wing politician brought up previous statements by Chancellor Olaf Scholz that the sanctions should not hit Europe harder than the Russian leadership. “We have now imposed seven packages of sanctions and Gazprom is making record profits. At the same time, we are threatened with a wave of bankruptcies. Therefore: negotiate with Russia wit

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