Germany's helping hand in Putin's war

Germany's rainbow government uses one hand to shake its fist, demanding wider sanctions against Russia, while uses the other hand to line the pockets of aggressor Vladimir Putin with no small amount of money, supporting the war.

WORLD POLITICS FEBRUARY 13. 2024 13:26

German Chancellor Olaf Scholz frequently pushes for the expansion of sanctions against Russia and the introduction of new ones, saying that if Western countries do not buy from the Russians, then Russian President Vladimir Putin will have no money for the war.

However, when Germany’s interests are at stake, the aggressor is no longer an aggressor, and lining Russian pockets is not such a bad thing. At least this is indicated by the fact that Germany continues to procure certain metals from Russia.

This also applies to palladium. Earlier, the precious metal was used in white gold jewellery, dentistry, electronics and exhaust systems, among other things. Today, it is mainly used in notebooks, smartphones, and electric cars, as well as in renewable energy storage systems and their networks.

The precious metal is so important for Germany’s energy transition that the German government has not imposed import restrictions on palladium from Russia. In October 2023, for example, 480 kilograms of palladium arrived in Germany from Russia,

the German Tagesschau news portal reported, highlighting that Germany’s dependency on Russia is extremely high. According to the German raw materials agency DERA, around 44 per cent of world trade in palladium still comes from Russia and 32 percent from South Africa. Vanadium is equally important. It is used, among other things, in the steel industry, but is also needed for electric cars. Vanadium is indispensable for the redox flow batteries, the gigantic electricity storage systems for renewable energies. Even under very high power consumption, they ensure energy security and an uninterrupted power supply. Three countries account for 98 per cent of the world market for vanadium: China, Russia and South Africa.

WORLD POLITICS

Tags:

germany, russia, scholz, war