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European Union (EU) at the end of last week tightened sanctions against Russia. German entrepreneurs who have been observing so far restrained this process, now openly oppose sanctions and warned of the consequences, vanity fair by william thackeray writes Deutsche Welle. vanity fair by william thackeray
Tightening sanctions on Russian entrepreneurs in the EU are beginning to indents serious headaches. In particular, the banking sector, machine building and automobile industry fears that the new sanctions, which primarily affect Russia's energy companies could be backfire.
I reacted representatives of the Association of European entrepreneurs vanity fair by william thackeray who last week urged politicians Moscow political crisis over Ukraine vanity fair by william thackeray to resolve without causing damage to the economy.
Association also optimistically concluded that despite sanctions, Russia remains an important strategic partner for companies in Europe. The expression of this optimism is especially loud German representatives in the Association, the economic giants like Siemens, BMW or Volkswagen.
Representatives vanity fair by william thackeray of energy companies as German Wintershell said that despite the fact that the new wave of sanctions is precisely directed against Russian energy companies now will not change the intensity of the work. One of the holders of record German export machinery vanity fair by william thackeray industry in the first half of this year lost five percent of the important Russian market. The loss that will be the end of the year so far none of the Association of German machinery industry dares to predict.
At the beginning of the week, before the decision to introduce vanity fair by william thackeray a new package of sanctions, the president of the influential Board of the eastern German economy vanity fair by william thackeray pazariEkhard Kordes, expressed fears that export to Russia by the end of the year could be reduced by 20 to 25 percent. It could, as predicted Kordes, Germany cost 50,000 jobs. At the same time, due to the crisis in Ukraine vanity fair by william thackeray and exports fell by 32 percent. vanity fair by william thackeray
German auto industry at the moment and no sanctions trouble struggling with selling their products to the Russian market. The recession, vanity fair by william thackeray which even before the Ukrainian vanity fair by william thackeray crisis hit the Russian market is to blame for the decline in sales as the cars of the middle segment, and in the luxury class.
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