2 minutes agoGerman economy biggest loser as a result of EU sanctions against Russia
Periskopi(9 years ago)
(9 years ago)Economic sanctions presented by the EU (EU) against Russia three years ago have been punished for Germany, according to a new study published by the Kiel Institute for World Economics, quoted by the German newspaper “Frankfurter Allgeene Zeitung”. “Germania accounts for nearly 40 per cent of export trade losses compared to Western countries, with players [...]
“Germania accounts for nearly 40 per cent of export trade losses compared to Western countries, with other larger geopolitical players”, the study said.
The authors say exports from the United Kingdom to Russia have dropped by 7.9 per cent, while French exports have dropped by 4.1 per cent. Trade between the United States and Russia decreased by only 0.6 percent.
Berlin calls for reform against legal US sanctions on Russia https://t.co/AtZTAk3BGs Pic.twitter. com/ x BGNBwFkg
) RT (@RT com) August 1, 2017
German business loby fights EU action against us US sanctions on Russia https://t.co/m7Fj2K7lov
) RT (@RT com) Yuly 26, 2017
Analysts stress that overall export losses due to bilateral trade restrictions have reached 37.5 billion euros since setting fines, reports “RT” Transmission Periscope. EU losses reportedly account for 90 percent of that figure.
The sanctions against Moscow were introduced from Brussels in 2014 over Russia's alleged involvement in the conflict in eastern Ukraine. Punishment measures targeted Russia's financial, energy and defence sector; along with some government officials, businessmen and public figures.
The Kremlin responded by imposing an embargo on agricultural products, food and raw materials from countries that joined anti-Russian sanctions. Since then, both sides have expanded measures. /Periscopi/
