Russia sanctions proved inefficient, cant bring peace to Ukraine – German state PM
The prime minister of the German state of Thuringia joined the chorus of resounding voices against sanctions on Russia, arguing that the “inefficient” penalties dont deliver peace in Ukraine but increase suffering.
“The political ineffectiveness of the sanctions has long been proven; their declared goal, much-needed peace in Ukraine, is as far away as ever,” Thuringia Prime Minister Bodo Ramelow, a long-time member of Germanys Left Party, told a local paper, adding that “the suffering of the civilian population [is] great.”
He isnt the only head of a German state to lash out at the sweeping sanctions the US and EU imposed on Moscow in 2014. “Russia is a strategically important partner,” Michael Kretschmer, the prime minister of Saxony and member of Angela Merkels Christian Democrats (CDU), tweeted after meeting with Russian President Vladimir Putin last Friday.
“For a better relationship, we need an end to sanctions,” he said, triggering a wave of criticism from the media and rank-and-file politicians.
The sanctions – which the EU recently prolonged until July 31 – seem to have inflicted less damage on Russia-Germany trade than expected. In April, the Russian-German Chamber of Commerce recorded the highest level of German investment in Russia since before the 2008 financial crisis.
According to a statement from the chamber, the total volume of financial inflows from German investors amounted to €3.2 billion (US$3.6bn) in Read More – Source[contf] [contfnew]