FIFA report on Russia’s 2018 World Cup bidding proves legitimacy of its win — deputy PMSport June 27, 21:08
FIFA report on Russia’s 2018 bidding dismisses Western media allegations — LOC chiefSport June 27, 19:53
Kremlin says its computers not affected by hacker attackRussian Politics & Diplomacy June 27, 18:55
Security experts urge Putin, Trump to overcome disagreementsWorld June 27, 18:51
Jury to deliver verdict on Nemtsov murder case on June 28Society & Culture June 27, 18:42
Syrian president visits Russia’s Khmeymim airbaseWorld June 27, 18:17
National Guard to complete assigned missions both in Russia and abroadMilitary & Defense June 27, 18:10
Key facts about St. Petersburg International Maritime Defense ShowMilitary & Defense June 27, 17:57
Rosneft, Mars and Nivea are among victims of massive cyber attack in RussiaBusiness & Economy June 27, 17:04
BERLIN, January 30 /TASS/. Eckhard Cordes, president of Committee for Eastern European Economic Relations, warns against imposing new sanctions on Russia and calls for keeping channels for dialogue with Moscow open in an interview with the German magazine Spiegel. Spiegel’s electronic version published the extracts of his interview on Friday.
"We do not know what other sanctions are going to follow," Cordes said doubting that new penalties were unlikely to force Moscow to change its stance.
"I am afraid that they (sanctions) can even be counterproductive and aggravate the conflict," the expert said adding that most of his German colleagues agreed with him.
"We have interviewed representatives of 150 major German companies that actively operate in Russia. Most of them do not think that the economic sanctions can help reaching the assigned goal," Cordes said noting that Russian President Vladimir Putin was still enjoying a huge level of popular support.
The German expert said that the current anti-Russian sanctions had a number of shortcomings because they were being applied by part of the globe, namely the European Union and the United States.
"Other major economic blocs such as Brazil, China and South Korea did not join those sanctions. Third, reciprocal economic sanctions are causing damage to Ukraine, which needs the markets of both of the European Union and Russia. But it’s exactly Ukraine that we want to stabilize," Eckhard Cordes stressed.