Olaf Scholz stressed that much of the West — including the U.S. — is reliant upon Russia's energy supplies.
German Chancellor Olaf Scholz has told CNBC that the West has to work "very hard" to find alternative sources of energy beyond Russia as talks of potential sanctions intensify.
It follows much talk from Western officials over recent weeks about sanctioning Russia — and its energy industry in particular — if it invades Ukraine.
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