German business raises its voice against anti-Russian sanctions

Yesterday, Russian-German Chamber of Commerce presented results of a survey on the impact of economic sanctions on the business of German companies in Russia. Although respondents recognize the cost-effectiveness of sanctions, the majority of them considers them politically ineffective and hopes for their mitigation or even abolition in January 2016. The German Foreign Minister, in turn, though it acknowledges the negative effect of the sanctions, is not ready to speak for their abolition before the fulfillment of Minsk agreement on the Ukraine.

The results of the survey, conducted among 110 German companies, working in Russia, were presented by head of the Russian-German Chamber of Commerce Rainer Seele yesterday. "A friend in need is a friend indeed: in spite of the sanctions and the difficult economic situation in Russia itself, the fall of the ruble, German companies don’t go away from the Russian market, still seeing the prospects here," - he said to the Kommersant.