From economic miracle to painful lesson, just because of "turning back" on Russia?

For decades, German industry, from autos to chemicals to metallurgy, has relied heavily on cheap energy from Russia.

Từ kỳ tích kinh tế Đức đến bài học đau thương, chỉ vì 'quay lưng' với Nga?

For years, Germany's economic success has depended on a world of open trade and few barriers. (Source: Forbes)

The Russia-Germany bilateral energy relationship, especially through gas pipelines such as Nord Stream, has been a key driver in keeping Berlin factories running and exports competitive on international markets.

However, Moscow's extraordinary military campaign in Kiev forced Berlin to abandon this energy source almost overnight.

With the Nord Stream pipeline shut down, Europe's largest economy has scrambled to find alternatives. As a result, energy prices in Germany have skyrocketed, causing a production crisis and paralyzing key industries.

Germany’s ambitious green transition plan is further exacerbating the problem. Renewables are not yet capable of replacing the steady energy supply provided by Russian gas. The phasing out of nuclear power – a stable, carbon-free source of electricity – further undermines the country’s energy security.

For years, Berlin's economic success has depended on a world of open, low-barrier trade. But the global order is changing rapidly. Rising protectionism, escalating US-China tensions, and the decoupling of major economies are threatening Germany's export-driven economy.

Extensive trade ties with China - Germany's largest trading partner - are now a liability as geopolitical tensions between the West and Beijing grow.

In addition, trade relations with the US are also facing many challenges. The US government has increasingly criticized Germany for insufficient defense spending, while Germany continues to benefit from the US market without contributing its fair share.

RT news agency assessed that Germany not only "turned its back" on Russia but also forgot the factors that made it successful: cheap energy, free trade and reasonable military spending.

"If Berlin does not quickly correct course, Germany's economic miracle could become a painful lesson in strategic mistakes," RT stated.

Source: https://baoquocte.vn/duc-tu-ky-tich-kinh-te-den-bai-hoc-dau-thuong-chi-vi-quay-lung-voi-nga-299019.html