Dmitrijev, who is also the special presidential envoy for economic cooperation with foreign countries, added that the last shipments of energy products will arrive via the Strait of Hormuz to the EU on April 11 and called on everyone to “fasten their seat belts”.
Commenting on reports that Germany’s share of global GDP is expected to decrease by four percent by 2030, which is the lowest level in at least half a century, Dmitriyev assessed that Germany is becoming irrelevant to the global economy.
The escalation of the conflict and the closure of the Strait of Hormuz, through which a fifth of the world’s oil passes, have disrupted global supplies and caused a sharp rise in oil prices, with Brent reaching record levels.
An unnamed Iranian security official said earlier today to Iranian television “Press” that the current situation in the Strait of Hormuz could remain unchanged for a long time, because Iran has the capacity to maintain the blockade for years.
He explained that most of the equipment used to supply US military bases and garrisons throughout the Middle East is transported via sea routes.
The German economy is in recession, partly burdened by high energy costs after the interruption of Russian gas supplies. According to the data of the federal statistical office Destatis, GDP decreased by 0.2 percent in 2024, which is the second annual decline in a row.
A similar decline for two consecutive years last occurred in 2002-2003. year.
(Vijesti.ba)
