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

Anti-Russia sanctions harm European economy’s global competitiveness, German entrepreneur tells RT

Anti-Russia sanctions harm European economy’s global competitiveness, German entrepreneur tells RT
In a move that can further harm Russia-EU bilateral ties, some European officials are threatening Russia with new punitive measures over jailed opposition figure Alexey Navalny.

RT Deutsch spoke to German entrepreneur and CEO of cold store construction company Plattenhardt + Wirth, Ingolf Mayer, to discuss the possible impact of new sanctions, should these be implemented. 

According to the businessman, years of anti-Russian sanctions have done a lot of harm and are just an example of how political issues can negatively affect an economy. Moreover, he warned that the US wants to prevent Moscow and Berlin from joining forces.

Also on rt.com Cost of sanctions: German industry hit hard by anti-Russia measures, survey shows

“Sanctions have existed for five years, and they have led nowhere,” Mayer pointed out. “We have to reel everything back.”

He added that Washington is aware that Europe needs Russian raw materials, for example, for switching to alternative energy, and the US wants to impede this partnership and distort competition.

Mayer says that the differences between the EU and Russia can be settled with talks, and is calling for the lifting of bilateral sanctions.

Also on rt.com Germany denies offering US ‘dirty deal’ to drop sanctions against Nord Stream 2

Brussels initially introduced sanctions targeting Russia’s energy, financial and arms sectors in 2014, over events relating to Ukraine, and has repeatedly extended and expanded these measures since then. In December, the EU extended them for another six months, formally prolonging them until July. Those EU measures were met with counter-sanctions from Moscow, with Russia banning imports of a number of European goods.

Talks about toughening the EU’s stance on Russia have intensified in recent weeks. Some European officials want Russia to release opposition figure Alexey Navalny, who was sentenced to jail for violating his probation earlier this month. However, the Russian authorities have repeatedly called the case a domestic issue, warning other nations against meddling in Russia’s internal affairs.

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.

Podcasts