Berlin’s new LNG contract with Qatar will not be enough to replace imports from Moscow, says Klaus Ernst Germany still has no way of completely replacing Russian natural gas, even after reaching a supply agreement with Qatar, the chairman of the Bundestag committee on energy, Klaus Ernst, warned on Tuesday.

Inflation across the bloc likely hasn’t peaked, according to the European Central Bank Inflation in the euro area has not peaked and is likely to surge even higher than currently expected, European Central Bank (ECB) President Christine Lagarde warned on Monday.

The trade partners have been boosting transactions in national currencies, according to Aleksandr Novak Moscow and Beijing are developing a system of settlements which could allow cross-border transactions without using the Western financial messaging system, SWIFT, Deputy Prime Minister Aleksandr Novak revealed on Tuesday.