02:54 GMT25 November 2020
Listen Live
    Get short URL
    0 133

    President of the Federation of German Industries (BDI) Ulrich Grillo said that that the majority of German enterprises that have been working in Russia are waiting for the sanctions to be canceled.

    BERLIN (Sputnik) — The majority of German companies that work in Russia are waiting for the lifting of Western sanctions, President of the Federation of German Industries (BDI) Ulrich Grillo said Tuesday.

    "The majority of enterprises that have been working in Russia are hanging in there, waiting for the sanctions to be canceled, this is absolutely obvious," Grillo told journalists.

    In December 2014, 58 percent of 200 German companies polled by the Russian-German Chamber of Commerce said anti-Russia sanctions had negatively affected their business. Only 3 percent of those surveyed said they were planning to exit the Russian market.

    The BDI is an organization of German industry service providers that, according to its website, represents more than 100,000 large, medium-sized and small enterprises with over eight million employees combined.

    The European Union, the United Stated and some other Western countries introduced several rounds of economic sanctions against Russia in 2014 over Moscow's alleged involvement in the conflict in eastern Ukraine. Russia denies having any role in the Ukrainian crisis and has called for a political resolution to the hostilities in the country.


    Anti-Russia Sanctions Leave 'Ever Greater Mark' on German Producers
    Germany Demands 'List of Individuals Barred From Russia' – Reports
    Putin Considers Sanctions Absurd, Not Worthy of Discussion - Kremlin
    Berlin Interested in Keeping Ties With Moscow Despite Travel Ban
    sanctions, Ulrich Grillo, Germany, Russia
    Community standardsDiscussion