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AfD Kremlin Talks Stoke German Energy Market Risks

Financial Times Companies •
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A senior official from Germany's AfD met with senior Kremlin associates in a high-level meeting that lays bare the far-right party's deepening Moscow ties. Alternative for Germany currently leads national opinion polls and has made restarting Russian gas flows through Nord Stream a defining element of its broader economic and energy platform.

German executives are taking note, because rising AfD support could scramble the country's carefully rebuilt energy-security strategy and diplomatic posture. The party's open backing for reopening the currently idle pipelines would return Russian gas to European markets, test Western sanctions resolve, and directly reshape Germany's industrial fuel costs and supply chain planning for major German manufacturers.

The development comes as German executives hold direct talks with AfD figures, underscoring how the party's lead in national polls is drawing significant fresh business interest. Widespread corporate anxiety over persistently high energy costs is driving that engagement, along with growing recognition that AfD positions may carry new weight in German energy policy and trade debates.

Any AfD-led reopening of Nord Stream would force a broad repricing of European gas market stability and scramble planning across German industry and its major export sectors. Investors now face a fresh political risk premium on existing energy assets that few had built into their forward models before the party's dramatic surge to the top of recent national polls.