The head of the Eastern Department of Economics of Germany called punishment against Russia counterproductive

The head of the Oriental Department of the German economy Eckhard Cordes in an interview to the newspaper Passauer Neue Presse called imposed by the US and EU limits concerning Russia counterproductive.
" We expect that the volume of exports (Russia) in 2014 will be reduced by 7-8 billion euros. For this reason, We remain skeptical regarding sanctions policy, " said Cordes, RIA " Novosti ". It is noted that the export of German products in the Russian Federation decreased by 17% for the period from January to September 2014. In particular punishment was related to the engineering and automotive industries. In the end, According to Cordes, there is a Danger of removing Russia from the West and the loss of the Russian market in favor of China. Cordes said that the Federal government must continue the search for a diplomatic solution to the conflict." It (the Federal government) plays a key role in the conflict and still has not lost the confidence of the Kremlin, " he added. The head of Department is also critical on the question of Ukraine's accession to NATO." without a doubt, Ukraine may Express their desires, but only NATO decides who become a member of the Commonwealth, " drew attention Cordes. We emphasize that in July Cordes spoke in support of the anti-punishment. Relations between Russia and the West deteriorated in connection with the situation in Ukraine. The EU and the US on the background of the progress of the Minsk agreements between Kiev and militias Donbass about stopping the fire entered against Russia penalties against financial, oil and defense industries.


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sections: Politics