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2026-09-18 20:38:11
[Rumors of Russian Gas's Return to Germany Emerge, Intertwined with Geopolitical and Political Games] ⑴ Sources indicate that the Russian President's chief economic envoy and the leadership of Germany's Alternative for Germany (AfD) have begun preparations for a meeting next year to discuss resuming gas supplies to Germany. ⑵ The talks could take place as early as March next year, provided that Russia and Ukraine first reach a peace framework agreement. ⑶ Participants include the head of Russia's sovereign wealth fund and close advisor to Putin, Dmitriev, as well as AfD co-chairs Weidel and Churupala. ⑷ Organizers hope this will facilitate contact between the AfD, Russia, and the United States. ⑸ Possible locations include Israel, the UAE, or India. ⑹ This move highlights the close relationship between Moscow and the AfD, currently the most popular political party in Germany based on voter support. ⑺ Before Western sanctions in 2022, Russia supplied more than half of Germany's gas imports. ⑻ From a market sentiment perspective, any expectation of Russian gas's return could influence European gas prices and refinery feedstock cost expectations. (9) However, whether the talks can be finalized depends on the progress of the Russia-Ukraine peace framework, and the short-term substantive impact is limited. (10) The reaction of mainstream German political parties and whether the EU's stance on sanctions will soften need to be monitored. (11) Overall, this seems more like a political signal than an immediate supply-side shift.
