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  Politics 
16 of June, 09:31

Cordes: punishment against Russia threaten the economy of the whole of Eastern Europe
Angelina Timofeeva. The lack of a diplomatic solution of the Ukrainian fall and punishment is relatively Russia will be seriously and for a long time undermine economic relations between Russia and Europe, with negative economic effect For all of Eastern Europe, said Last news the head of the Oriental Department of the German economy Eckhard Cordes.

The head of the division and its managing Director Rainer Lindner will be 18 to 20 June at the St. Petersburg international economic forum (SPIEF). The forum has been held since 1997, and since 2006 Under the patronage of the President of the Russian Federation. The forum is visited by more than 7, 5 thousand participants from Russia and from abroad, including head of States and governments of developing States, Authorized business circles, heads of major organizations as well as leading international experts from the world of science, journalism and civil society.

Eastern Committee tries to use all available opportunities For dialogue with Russian partners and support the Minsk peace process, to which I draw the attention of all parties to the conflict, unfortunately, despite repeated violations of the agreements. Without bloodshed, Without a peaceful solution to the conflict in Eastern Ukraine and Without removal of sanctions and economic relations between Russia and the EU will be serious and long lasting undermined, with negative economic effect For all of Eastern Europe, " said Cordes.

According to Cordes, " as in past years, the Eastern Committee in 2015 uses the SPIEF venue to obtain information about the current development of Russia's economy and Express support for the contacts.

"Under the impact of the fall in Ukraine and existing economic sanctions on bilateral trade relations over the past time period very quickly deteriorated. In the 1st quarter of 2015 as German exports to the Russian Federation, and thus German imports from Russia decreased presumably by 30%. This corresponds to the loss in the trading turnover of EUR 5, EUR 7 billion only during the first three months of 2015 ", - said the Head of the Oriental Department of the German economy.

"I in person take part in St. Petersburg, among other things, discussion about the newly formed Eurasian economic Union. In order to start work on the idea, supported by the Chancellor (of Germany Angela) Merkel, the European economic area, the European Commission should engage in direct dialogue with the Eurasian economic Commission. It is spoken by the Eastern Committee, " said Cordes.

According to the head of the Oriental Department of the German economy is currently going on in Brussels trilateral dialogue between the EU, Ukraine and Russia on the implementation of the Treaty on unification of Ukraine and the EU are the " first important step "." We hope that these dialogues, which could become more dynamic in the end the Russian proposal, will be constructive and will lead to an agreement, " said Cordes.

The Committee on Eastern European economic Association brings together German plants since 1952, the Committee submits to the desires of German companies trading on the markets of Russia, Belarus, Ukraine, Central Asia, Caucasus and South-Eastern Europe. By mediating between the economic and political sector in Germany and Eastern Europe, the Committee set a goal to strengthen and improve economic relations with countries of the region, to promote the participation of German plants in trade, industry, investment and services in the target markets, as well as the main processes of economic change in the policies of bilateral relations between these countries and regions, and to support them.

The Eastern Committee has a wide network of contacts with public authorities and industry representatives in Germany, and similarly in the countries and regions of Eastern Europe and Central Asia. He coordinates a formal dialogue between state institutions (through bilateral councils for cooperation, the German-Russian strategic working group, the German-Ukrainian group at the highest level, Etc.) and is the most relevant set of information about the economic development of these countries and regions. In addition, He organizes and conducts visits of delegations of commissioners of the Department, conferences and seminars with the participation of the high position of government bureaucrats and businessmen from countries and areas and also develops projects To help economywide, education and training of young experts on Eastern Europe.


Western countries since March 2014 several times already imposed penalties because Russia's position on Ukraine. The last case of the use of such practices were the limits imposed in March 2015, when expanded sanctions List of the USA.

The list of Russian citizens and organizations who have fallen Under the punishment - in the material of the Fins news


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