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Classics: BASF boss warns of the heaviest economic crisis since second World War

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Ludwigshafen. BASF Chief Martin Brudermüller has warned for the case of import stop or longer-term loss of gas and oil supplies from Russia before unprecedented economic damage to Germany.

 Martin Brudermüller, Vorstandsvorsitzender des Chemiekonzerns BASF (Archivbild). © Uwe Anpach Martin Brudermüller, CEO of the Chemistry Group BASF (archive image).

"That could bring the German economy into its heaviest crisis since the end of World War II," said Brothermüller of the "Frankfurter General Sunday newspaper". Especially for many small and medium-sized companies this would be consistent from its point of view.

Receivables from a European Energy Import Boycott to Russia rejected the BASF boss: "Do we want to destroy our entire economy? What we have built over decades? I think such an experiment would be irresponsible, "said Brudermüller. The risks of a boycott would be underestimated by many citizens in Germany.

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Video: Russia makes via pipelines and gas storage (DW)

A complete renunciation of Russian natural gas imports is possible in Germany in the medium term. "If we hurry, then we can get it in four to five years," said the BASF boss. Other energy imports, such as LPG from the USA, could be "not at the touch of a button".

The news magazine "FOCUS" said Brothermüller, about subsidies or grants could not intercept the consequences of a gas defense - the state could not afford: "The dimensions we talk about here are still much greater than on the outbreak of the Corona Pandemic. "The BASF boss fears incisions in production - even in the largest work on the head office:" From a certain point, you can not operate a location like Ludwigshafen no more

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. "The true not only 40,000 people. "We produce products that stand at the beginning of the value chain," said Brudermüller. "At the end, the supply of daily goods from foods up to drugs is on."

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