Germany prepares to ration gas as Russia demands payment in rubles

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Germany prepares to ration gas as Russia demands payment in rubles
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Russia is demanding payment for natural gas in rubles, and it could push Germany — Europe's largest economy — into an economic crisis

A union leader from BASF — the world's largest chemical maker — told DW all 40,000 employees in the key production site in the Western city Ludwigshafen would have to be put on shorter working hours or be laid off.

"The consequences would not only be reduced work hours and job losses, but also the rapid collapse of the industrial production chains in Europe — with worldwide consequences," said Michael Vassiliadis, the president of Germany's IG BCE chemical workers union and a BASF supervisory board member, per DW.

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