Extension of OPEC deal aimed at aligning energy prices dynamics, Kremlin saysBusiness & Economy May 23, 15:41
Kremlin unveils Putin-Macron talks agendaRussian Politics & Diplomacy May 23, 15:16
Syrian opposition faction leader warns Geneva talks may break downWorld May 23, 15:10
Russia's top diplomat says Syria settlement requires Iran’s participationRussian Politics & Diplomacy May 23, 14:38
Four men and a dog: How Papanin’s team conquered the North PoleSociety & Culture May 23, 14:20
World Bank predicts investments in Russia’s fixed assets to surge to 2% in 2017Business & Economy May 23, 14:16
Manchester shopping mall evacuated following terror attackWorld May 23, 13:44
Lavrov warns Syria’s plight will drag on if efforts to divide it continueRussian Politics & Diplomacy May 23, 13:41
Forces behind Manchester attack seek to spread panic across globe, Russian think tank saysRussian Politics & Diplomacy May 23, 13:31
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.