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German expert: China will be the only one to gain from EU sanctions against Russia

BERLIN, March 17, /ITAR-TASS/. China is the only country who will stand to gain if the European Union slams economic sanctions on Russia, Eckhard Cordes, Chairman of the Eastern Committee of the German Economy, said in Berlin on Tuesday.

“In that case, Russia will start turning away from Europe more and more while China will be the only one to benefit from the crisis situation,” Cordes went on to say, adding that Russia was in less favorable position in terms of investments.

The Eastern Committee of the German Economy represents the interests of about 6,200 German companies operating in Russia.

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Ukraine crisis Sanctions vs. Russia

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Founder of neo-Nazi cell in Crimea flees to Georgia — source

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FACTBOX: Collective Security Treaty Organization

The Collective Security Treaty came into force on April 20, 1994 to herald the emergence what would eventually become the Collective Security Treaty Organization. The six member-countries are Russia, Armenia, Belarus, Kazakhstan, Kyrgyzstan, Tajikistan

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