Germany industry CEOs meet Scholz

Growing concern: It was the first major meeting between the top brass of Germany Inc and Scholz since Russia invaded Ukraine in late February. — Reuters

BERLIN: Chieftains of German industry including the heads of Deutsche Bank AG, Mercedes-Benz AG and Siemens AG have met with Chancellor Olaf Scholz amid growing concern over fallout from sanctions targeting Russian energy supplies.

While backing the sanctions introduced against Russia, the German industry heads outlined the challenges stemming from supply-chain disruptions and rising energy prices to Scholz, government spokesman Wolfgang Buechner said in a statement after the meeting.