German Minister Says Berlin, EU not Interested in Economic Chaos in Russia

© REUTERS / Charles PlatiauGermany's Economy Minister Sigmar Gabriel holds a MOBILE phone during a debate at the lower house of parliament Bundestag in Berlin, November 26, 2014
Germany's Economy Minister Sigmar Gabriel holds a MOBILE phone during a debate at the lower house of parliament Bundestag in Berlin, November 26, 2014 - Sputnik International
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German Economy Minister Sigmar Gabriel stated that neither Germany nor Europe is interested in Russia's spiralling into economic chaos.

Germans’ Concerns Over Anti-Russia Sanctions Split EU Partners - Sputnik International
Economists Say Germany Most in Favor of Lifting Anti-Russian Sanctions
MOSCOW, December 21 (Sputnik) — Germany and Europe are not interested in Russia's falling into a state of economic chaos, German Economy Minister Sigmar Gabriel said Sunday.

"At the end of the day, neither Germany nor Europe is interested in Russia's spiralling into economic chaos. Therefore, the demand to intensify the sanctions [against Russia] is wrong," Gabriel told German newspaper Tagesspiegel.

The German minister's comment came amid the recent dramatic fluctuations of the Russian ruble's value against the dollar and the euro. The decline in global oil prices as well as economic sanctions imposed on Moscow by the West are said to be among the reasons for the weakening of Russia's national currency.

Over half of German citizens, 54 percent, believe that sanctions imposed by the West on Russia amid the Ukrainian crisis have negatively affected hopes for a conflict settlement, according to a poll conducted by ICM Research exclusively for the Sputnik news agency. - Sputnik International
54% of Germans Say Anti-Russian Sanctions Aggravate Ukrainian Crisis: Poll
On December 15, the Russian Central Bank drastically raised its key interest rate to 17 percent in an attempt to stop the ruble's sharp decline.

Addressing the big annual press conference on December 18, Russian President Vladimir Putin said that the economic situation in the country may begin to improve as early as in the first quarter of 2015.

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