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Germany warns as Russia cuts gas supplies to Europe

Berlin / London (CNN Business)Europe's largest economy is now officiallynatural gas shortageand is in crisis A management plan to maintain supply ahead of the coming winter as Russia cuts the faucet.

Germany launched the second phase of thethree-stage gas emergency programon Thursday, one step closer to distributing supply to industry. This is a step that will have a big impact on the manufacturing industry. The center of the economy.

"Germany is running out of gas," Economic Minister Robert Habeck told reporters at a press conference in Berlin. Supply to Germany and other European Union countries.

Last week, Russian state-owned gas company Gazprom blamed the Western decision to cut the flow from the Nord Stream 1 pipeline to Germany by 60% and withhold critical turbines. Italy's energy giant ENI also said it was informed that Gazprom would cut its supply by 15%. The German government's decision to raise the level to "warning" in the "next winter months"

has been made since June 14th, with Russia's supply cuts and continued high gas markets. Following the price, Habeck added.

"We are in financial conflict with Russia," Habeck said.

Habeck says Germany's gas storage facility is 58% full, higher than this time last year, but the goal of reaching 90% by December cannot be achieved without further measures. Said.

— This is a developing story and will be updated.