icon bookmark-bicon bookmarkicon cameraicon checkicon chevron downicon chevron lefticon chevron righticon chevron upicon closeicon v-compressicon downloadicon editicon v-expandicon fbicon fileicon filtericon flag ruicon full chevron downicon full chevron lefticon full chevron righticon full chevron upicon gpicon insicon mailicon moveicon-musicicon mutedicon nomutedicon okicon v-pauseicon v-playicon searchicon shareicon sign inicon sign upicon stepbackicon stepforicon swipe downicon tagicon tagsicon tgicon trashicon twicon vkicon yticon wticon fm

Sanctions did not change Russian policy but hurt German businesses – Bundestag member

Sanctions did not change Russian policy but hurt German businesses – Bundestag member
Western economic sanctions against Russia are the “wrong medicine,” since they haven’t had the desired effect, said Klaus Ernst, the chairman of the Bundestag’s Economic Committee.

“There is no effect of these sanctions. We have had them for five years and there is no change in Russian policy,” he said in an interview with German news radio Deutschlandfunk.

“If you prescribe a medicine and you notice that the effect of this medicine is missing, and on the contrary, it is rather harmful, including for the German companies, then you have to think at some point that maybe it’s the wrong medicine,” he explained.

Also on rt.com Sanctions on Russia can be lifted ‘at any time’ – French PM

The German politician pointed out that, as a result of the sanctions, Russia had reoriented towards China, with the two countries significantly improving their trade relations.

Meanwhile, trade between Germany and Russia has decreased, and “that’s the real problem.” The consequences of the economic sanctions are felt more clearly in the eastern German states than in the west, said Ernst.

“[Russia is] trying to replace Europe with China,” the politician said, adding: “A strong Europe is simply not possible without Russia, I repeat, not possible.”

Ernst noted that Russia and the European Union “have to get more cooperation.”

Also on rt.com Sanctions cost European economies $240 billion while Russia lost $50 billion – Putin

Relations between Russia and Western countries have declined dramatically over the past five years, after economic penalties imposed by Washington were supported by Brussels.

Politicians from the European countries have been repeatedly calling for the cancelation of punitive measures as they have become a major hurdle for businesses and economic growth.

For more stories on economy & finance visit RT's business section

Dear readers and commenters,

We have implemented a new engine for our comment section. We hope the transition goes smoothly for all of you. Unfortunately, the comments made before the change have been lost due to a technical problem. We are working on restoring them, and hoping to see you fill up the comment section with new ones. You should still be able to log in to comment using your social-media profiles, but if you signed up under an RT profile before, you are invited to create a new profile with the new commenting system.

Sorry for the inconvenience, and looking forward to your future comments,

RT Team.