President Donald Trump has warned that there’s a real possibility that America is heading toward “World War 3” as concerns mount over the Biden administration’s possible role in the recent bombing of the Nord Stream pipelines.
Germany’s government has warned that the damage caused by the recent sabotage attacks on both Nord Stream 1 and 2 has likely left the pipelines “permanently” unusable.
European Commission President Ursula von der Leyen has confirmed that the recent major gas leaks on the Nord Stream pipelines were “deliberate” acts of “sabotage.”
The German government suspects that the sudden loss of pressure in the Nord Stream 2 gas pipelines between Germany and Russia is the result of deliberate sabotage, according to reports.
Food producers in Germany are warning of “serious” shortages as the global industry faces the “worst crisis since the end of the Second World War.”
Russia has halted gas supplies to Europe via a key European supply route citing maintenance issues, according to reports.
Germany’s Economy Minister Robert Habeck has announced that the German government’s fears of major natural gas shortages over the winter are easing.
Inflation in Germany has seen food prices soar to the highest level on record in July, according to the country’s statistical agency.
Germany’s producer prices hit a record high in May as soaring energy costs and inflation continue to push production costs through the roof.
Germany has narrowly avoided a recession in the first quarter as its economy comes under increasing pressure from the Ukraine invasion and the lingering impact of the pandemic.