Business Germany: France, Italy, the United States is the Russian market despite sanctions


Businessmen headed by the honorary Consul of the Russian Federation in Baden-württemberg Klaus Mangold will visit Moscow on November 10-11. The delegates intend “again to advocate for the easing of the EU, especially in respect to export financing”.

BERLIN, 9 Nov. Angelina Timofeeva. France, Italy and the USA actively occupy the Russian market, despite sanctions, while the trade turnover between Russia and Germany continues to fall, the statement said business representatives of the Federal state of Germany Baden-württemberg on the eve of visit to Moscow.

A delegation of 16 businessmen headed by the honorary Consul of the Russian Federation in Baden-württemberg Klaus Mangold will visit Moscow on November 10-11. The trip will take place at the invitation of the head of the Ministry of economic development Alexei Ulyukayev. The delegates will also hold a meeting with Kaluga region Governor Anatoly Artamonov and numerous Russian colleagues.

“The trip emphasizes the importance of negotiations, primarily in the field of economy, to re-start important economic relationships between Russia, Germany and Baden-württemberg. This is necessary as never before: German exports to Russia decreased from the beginning of 2015 until the autumn of this year at 31%. The exports from Baden-württemberg to Russia in the same period decreased by 24%. On the contrary, other countries have increased their market share. In particular, it is France and Italy, and the United States, notably, as all these countries are also affected by the sanctions,” — said in a statement.

EU sanctions and the Russian embargo on agricultural products, officially will not be the subject of negotiations, the statement said. However, the delegates intend “again to advocate for the easing of the EU, especially in respect to export financing”.

Relations between Russia and the West deteriorated in connection with the situation in Ukraine. At the end of July 2014, the EU and the USA from the point of sanctions against certain individuals and companies have moved to measures against entire sectors of the Russian economy, in particular, the defence industry and high technologies.

The foreign Ministers of the EU countries on 22 June had extended economic sanctions against Russia until 31 January 2016, approving the relevant amendments to the EU sectoral restrictive measures against Russia. The decision came into force on 23 June.