Ifo Institute: Embargo on Russian Hard Coal Unpleasant in the Short Term, But Bearable
April 08, 2022
April 08, 2022
MUNICH, Germany, April 8 -- ifo Institute issued the following news release:
ifo researcher Karen Pittel describes a potential embargo on Russian hard coal as "unpleasant in the short term, but bearable" for the German economy. "This is clear from the key data currently known regarding coal reserves and the potential for replacing Russian imports. The impact is likely to be much less compared to an import freeze on Russian natural gas."
In the case . . .
ifo researcher Karen Pittel describes a potential embargo on Russian hard coal as "unpleasant in the short term, but bearable" for the German economy. "This is clear from the key data currently known regarding coal reserves and the potential for replacing Russian imports. The impact is likely to be much less compared to an import freeze on Russian natural gas."
In the case . . .