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Sanctions against Russian banks to have negative impact on Germany - Putin

November 15, 2014, 19:02 UTC+3 MOSCOW
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MOSCOW, November 15. /TASS/. The sanctions imposed against Russian banks will finally have a negative impact on Germany, President Vladimir Putin said in an interview with the German TV Channel ARD on Saturday.

“You know, if our banks are even partly cut off from international financing, they receive fewer resources. This means that our economic entities can purchase fewer goods from you,” Putin said, commenting on the effect of sanctions imposed by the United States and the European Union against Russia.

“After all, our cooperation, say, between the Federal Republic of Germany and the Russian Federation, provides hundreds, thousands of jobs in Germany. Some experts believe that nearly 300,000 jobs are maintained through our commercial and economic relations, through large quantities of Russian orders, through joint ventures,” Putin said.

“If the resources of our financial institutions are cut off, they can extend fewer loans to the Russian companies that work with German partners. Sooner or later, it will begin to affect you as much as us,” Putin said.

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