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New US sanctions may cost billions of euro for Germany — foreign trade chamber

April 10, 20:58 UTC+3 BERLIN

On April 6, the US authorities imposed sanctions against a number of Russian officials, businessmen and companies

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BERLIN, April 10. /TASS/. The latest sanctions of the United States against Russia may cost billions of euro for the Germany economy, the Russian-German foreign trade chamber (AHK) said in its statement received by TASS on Tuesday.

"According to AHK estimate, the recent sanctions of the US against Russia may cost billions of euro for the German economy in years to come," the document says. Companies and businessmen closely cooperating with the German economy are in the sanction list, the AHK said.

Germany’s losses from sanctions are estimated as "several hundred millions of euro" over the short term and "billions’ worth projects can be jeopardized" in the longer term, the Chamber said.

On April 6, the US authorities imposed sanctions against a number of Russian officials, businessmen and companies. The list includes head of Gazprom Alexei Miller, head of VTB Andrei Kostin, owner of Renova Viktor Vekselberg, general director of Surgutneftegaz Vladimir Bogdanov, board member of Sibur Kirill Shamalov, businessmen Igor Rotenberg, Oleg Deripaska and Suleiman Kerimov.

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