‘Sanctions would threaten Russian economy’

Comment on this story

Berlin - A trade conflict with Russia resulting from the current Ukraine crisis would be painful for Germany but it would be life-threatening for Russia's economy, Germany's BGA trade association said on Wednesday.

“All in all, we are optimistic about foreign business with large parts of the world. Unfortunately, that is not true for business with Russia,” BGA said in a statement.

The trade association said it expected exports to grow by 3 percent this year and imports to expand by 2 percent, but added these forecasts would quickly become “waste paper” if the crisis in Crimea escalated further. - Reuters

sign up

Comment Guidelines

  1. Please read our comment guidelines.
  2. Login and register, if you haven’ t already.
  3. Write your comment in the block below and click (Post As)
  4. Has a comment offended you? Hover your mouse over the comment and wait until a small triangle appears on the right-hand side. Click triangle () and select "Flag as inappropriate". Our moderators will take action if need be.

  5. Verified email addresses: All users on Independent Media news sites are now required to have a verified email address before being allowed to comment on articles. You are only required to verify your email address once to have full access to commenting on articles. For more information please read our comment guidelines