Defense Ministry launches large-scale upgrade of practice ranges in west RussiaMilitary & Defense January 17, 16:16
BMW to resume premium car deliveries to RussiaBusiness & Economy January 17, 15:48
Russia to appeal ECHR decision on illegitimacy of Dima Yakovlev lawRussian Politics & Diplomacy January 17, 15:40
Record-breaking KAMAZ trucksBusiness & Economy January 17, 15:37
Russian PM says up to $1.8 bln to be earmarked to prop up economy in 2017Business & Economy January 17, 15:35
Lavrov says tensions in Balkans growing, standoff must be preventedRussian Politics & Diplomacy January 17, 15:16
Russian top diplomat: Moscow denies worship of Western liberal valuesRussian Politics & Diplomacy January 17, 15:04
Russia to replace carrier rocket engines after Progress cargo spacecraft crashScience & Space January 17, 14:59
Lavrov blasts Voice of America’s report on alleged Russian hacker attacks as ‘lie’Russian Politics & Diplomacy January 17, 14:46
Germany's VDA automotive industry association, for example, reported a 23% year-on-year drop in trade turnover with Russia in June, the newspaper said.
“The Ukrainian crisis has further aggravated the economic situation,” VDA chief Matthias Wissmann was quoted as saying.
“German firms are losing billions in Russia,” the newspaper said.
German experts are on record as warning that economic sanctions will have a negative impact on a German economy determining to a large extent the eurozone's welfare. Trade turnover between Russia and Germany reached 76 billion euro last year.
More than 6,000 German companies co-operate with Russian enterprises, with total investments reaching 20 billion euros. Some 300,000 jobs in Germany are reckoned at risk from economic sanctions against Russia, a possibility not excluded by the federal government.