Monday, August 4, 2025

Latest

Looks Like Donald Trump Might Have Been Right About Germany Becoming “Totally Dependent” On Russian Energy

At the United Nations General Assembly on September 25, 2018, then-US President Donald Trump attempted to call out Germany for its reliance on Russian energy, and his claims were received by the German delegation with amusement and laughter.

“Germany will become totally dependent on Russian energy if it does not immediately change course,” Trump said. The claim was deemed “outrageous,” and CNBC said it was “not accurate” and “highly misleading.” 

The CNBC report cited in the NowThis video comes from a July 13, 2018 report, which was a response to Trump making similar claims during the NATO Summit. The former president was criticizing Germany’s decision to proceed with the Nord Stream 2 pipeline.

“Germany, as far as I’m concerned, is captive to Russia because it’s getting so much of its energy from Russia,” Trump, who was also speaking on camera at the time, told NATO Secretary General Jens Stoltenberg. “We have to talk about the billions and billions of dollars that’s being paid to the country we’re supposed to be protecting you against.”

At the time, according to the CNBC report citing 2016 data, “natural gas accounted for about 20 percent of the fuel it could tap in 2016, according to the latest figures from the International Energy Agency.” Russia also supplied about 40% of Germany’s crude oil and 30% of its foreign coal supplies.

But by 2021, according to the New York Times, Russia was supplying more than half of the natural gas and about a third of all the oil used to heat homes, power factories, and fuel cars, buses and trucks. About half of the country’s coal, a commodity essential to steel manufacturing, also came from Russia.

Germany now faces a recession and a bitter winter with electricity prices soaring to almost €700 per megawatt-hour, coming from €31 in 2020.


Information for this briefing was found via Twitter, CNBC, the New York Times, Washington Post, and the sources and companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

San Dimas: First Majestic Silver’s Sleeper Asset

New Gold Q2 Earnings: Record Free Cash Flow

STLLR Gold: The Tower Gold PEA

Recommended

Tsunami Warnings Spread As Largest Quake Since 2011 Hits Russia

Northern Superior Intersects 1.75 g/t Gold Over 65.0 Metres At Philibert

Related News

Trump Doubles China’s Tariffs To 20%: “Drugs Are Still Pouring Into Our Country”

The US is moving to increase its tariff rate on Chinese goods, with President Donald...

Friday, February 28, 2025, 02:09:00 PM

Trump Threatens Russia With Tariffs, Announces New Ukraine Weapons Plan

President Donald Trump announced Monday he will provide Ukraine with advanced US weapons and threatened...

Wednesday, July 16, 2025, 02:56:00 PM

Extending The Life Of Germany’s Nuclear Power Plants “Makes Sense”: Chancellor Olaf Scholz

After months of dillydallying on its nuclear energy policy amidst a looming security crisis, German...

Thursday, August 4, 2022, 02:57:00 PM

Beijing Gears Up for Trade War as Trump’s Hardline Team Takes Shape

As U.S. President-elect Donald Trump assembles a cabinet filled with staunch critics of Beijing, his...

Monday, November 18, 2024, 02:56:00 PM

Trump’s WSJ Lawsuit Has Some “Problems”

President Donald Trump’s new defamation case against The Wall Street Journal and its parent News...

Monday, July 21, 2025, 03:18:00 PM