Germany Triggers Emergency Gas Plan to Secure Supplies

The video discusses Germany's activation of its emergency energy plan due to potential disruptions in Russian gas supplies. The market is concerned about Russia's demand for ruble payments, which the G7 considers a contract breach. Europe is exploring ways to diversify its gas sources to reduce reliance on Russian gas, amid threats of supply cuts. The uncertainty in gas markets is exacerbated by high prices and the EU's ambitious storage targets for winter.

What might be the consequences if European partners reject payment in rubles?

What are the targets set by the European Union for gas storage facilities?