Add to favorite
 
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

German FM Ruled Out Further Sanctions
17.11.2014 11:30
German FM Ruled Out Further Sanctions
Photo Credit: http://www.lvz-online.de

German Foreign Minister does not think toughening sanctions against Russia is a good idea.

      In an interview with Die Welt, Frank-Walter Steinmeier said the impact of the existing restrictions was significant and there is no need for further measures at the moment. The EU might target militia leaders, though, he added.

      Earlier, Russia-IC reported that Russia could lose up to $50 billion, or 4 percent of GDP, due to sanctions and a drop in oil prices.

      According to a report by Russia’s Finance Ministry, the geopolitical events would cost Russia 2 percent.

      Maxim Oreshkin, head of the long-term strategic planning department, said the economy’s response to external shocks was surprisingly soft.

      Russia sparked a wave of criticism after it incorporated Crimea into its territory following a referendum on the peninsula with a large ethnic Russian population.

      The US and the EU imposed a raft of sanctions on Russian officials and individuals with close ties to the Kremlin.

      The US also put space and military cooperation on hold, followed by some of its NATO allies, including the UK.

       




Author: Mikhail Vesely

Tags: Russian sanctions EU sanctions Crimea   

Next Previous


You might also find interesting:

A Special Group in the UK will Monitor Financial Flows from Russia
27.01.2019







Comment on our site


RSS   twitter   facebook   submit

Bookmark and Share

search on the map
TAGS:
Bashkiria  Russian Poetry  Yakutia  buy Russian designers  Festivals in Moscow  train tickets Saransk  Sheremetyevo  Concerts in Saint Petersburg  Vladimir Chambers  Russian finance  Valery Gergiev  Elvira Nabiulina  oil price  Green Patrol  Moscow planetarium  Pharmsynthez  Metropolis mall  Russian laws  Russian Cinema  Moscow-St. Petersburg trains  Russian tourism  Moscow  Russian people  inventions  Exhibitions in Moscow  Russian Internet  travel to Russia  Russian economy  Mercedes-Benz Fashion Week Russia  Vika Lomasko  Moscow Kremlin Museums  Gaidar Forum  Russian regions  #S7selfie  active holidays in Russia  Kazan  Kabardino-Balkaria  The Moscow Region  Shopping in Kazan  Rock Painting  Theology  Tver region  Russian business  Roof Music Fest  Dagestan  Evgenia Linovich   Volgograd, Russian Artists   Business in Russia  St. Petersburg  Folk Arts 


Travel Blogs
Top Traveling Sites