IfW in den Medien

German business concerns take a back seat over Russia sanctions

16.04.2018

Julian Hinz erklärt, wie stark Sanktionen gegen Russland auch den sanktionierenden Ländern schaden.

Aus dem Artikel

(...) Julian Hinz, an economist at the Kiel Institute for World Economy, said the impact of past sanctions on Russia-Germany trade has already been considerable, accounting for as much as a third of the recent decline in German exports. “The main damage comes not so much from the direct impact of the sanctions, but from the fact that companies now find it much harder to finance their trade with Russia. German banks have already largely retreated from Russia,” he said.

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