Germany counts cost of Russian gas cut-off ...News

Inflation in the country would soar, Deutsche Bank chief Christian Sewing says German inflation may well exceed 10% by the end of the year if gas supplies from Russia are cut off, Deutsche Bank head Christian Sewing said in an interview with the Frankfurter Allgemeine Sonntagszeitung, published on Saturday. “If Russian gas continues to flow [into Germany], we should reach an inflation rate of around 8% by the end of this year. But inflation would be higher if the gas stopped flowing. Then 10% or more is possible,” Sewing said. The CEO pointed out that losing gas supplies from Russia “would have a significant impac

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