The ruble weakness makes German companies to create. Some politicians fear economic chaos in Russia and consider relaxing the sanctions.
VW plant in Kaluga, Russia | © Alexander Natruskin / Reuters
The looming recession in Russia worried many business leaders in Germany. “The crisis of the Russian economy always leaves skid marks deeper business in Russia German company,” said GCIC foreign trade director Volker Treier the Bild am Sonntag . A survey by the German Chamber of Commerce among its members was: If you can not improve the situation, then you have almost every third German company that is active in Russia, indicated that there lay off staff. In particular, the ruble weakness do business, to create.
Ten percent of German companies have even reported that her longtime Russian business partner now orienting conditions Asia. “After all, every eighth company is considering a withdrawal from Russia. The break many a business relationship is to say before,” warned Treier.
The Chairman of E.ON and Bayer, Werner Wenning, also fears that the crisis in Russia could have economic consequences in Germany. “We should take care not to break the developed over decades trade relations,” he said of the Frankfurter Allgemeine Zeitung .
Rethinking parts of the German Politk
In addition to the weak oil prices make the Russian economy, especially to create the Western sanctions because of the Ukraine crisis. So begins in some parts of the German policy rethink the sanctions.
“At the end of the day, neither Germany nor Europe may have interest in Russia spirals into economic chaos,” warned Economy Minister Sigmar Gabriel in Daily Mirror . “The goal is not, Russia to its knees, but to move to negotiate a peaceful solution to the conflict in Ukraine.”
He was following the line of Foreign Minister Frank-Walter Steinmeier, who before had warned threats to European security through economic destabilization of Russia. “We should at our sanctions policy in mind,” he told the mirror
Also, Austrian Chancellor Werner Faymann had doubts. “I do not see any reason to cheer – I do not know why we should rejoice when the Russian economy collapses, “he told the newspaper Austria . “We just saw the branch you from where we sit when we build a new wall to the Russian economy.”
top EU continues penalties
In the EU leaders summit on Thursday there was no signs of an easing of sanctions. “As Europeans, we must regain self-confidence and recognize our own forces”, the new Council President Donald Tusk had demanded and advocates a hard line against Russia, while Ukraine’s policy would not be changed. German Chancellor Angela Merkel said in Brussels: “The sanctions can only be lifted if the reasons for this change.”
The Western States justify the sanctions with accusations that Russia had last March, the Ukrainian Crimea annexed to international law and carry with the support of pro-Russian separatists in the east of the country to destabilize the Ukraine at. Russia has both back.
Rising food prices in Russia
The economic malaise has now arrived in the form of rising food prices in the everyday life of the Russian population. Within a year, the ruble has also been devalued by 40 percent. The fear of a further deterioration of the national currency has already led to hoarding a western import goods.
“Of course, no one will have success with it, intimidate us, scare us to isolate Russia,” Putin said on Saturday the transmitter Rossiya 24 overlooking the sanctions of US and EU.
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