Friday, February 19, 2016

TOTAL ROUNDUP 2: German economy calls for end of Russia sanctions – FAZ – Frankfurter Allgemeine Zeitung

(New: Ulyukayev to privatization in the 6th paragraph)

BERLIN / MOSCOW (AFX) – Due to the slump in Russia trade, the German economy has unusually clearly called for an end of EU sanctions. 60 percent of operating in Russia German company wished an immediate abolition of coercive measures, a further 28 percent are for a gradual reduction.

The split of the Committee on Eastern European Economic Relations and the German-Russian Chamber of Commerce Abroad (AHK) on Friday in Berlin with. They called for a relaxation signal to Moscow. LIN.ETR & gt;; boss Wolfgang Büchele

“The sanction spiral of the past two years has unsettled the company sustainable,” We must help Russia get out of isolation “, the chairman of the committee, Linde & said lt. investments are on hold, “Büchele said. The exports of German goods to Russia shrank by a further 25.5 percent in 2015. . In the current year it should again fall by ten percent to a range of less than 20 billion euros – as little as a decade no longer

The Russian Economy Minister Alexei Ulyukayev showed their readiness for talks, but stressed: “Now is the ball on the Brussels side. ” He appealed strongly urge the EU to make the sanctions policy conclusion. “One can not endlessly use drive up to test the strength of the other – then both sides will lose.”, Ulyukayev told Deutsche Presse-Agentur

Russia’s economy feel the effects of the sanctions, Ulyukayev admitted , “The biggest obstacle is the reduction of imports of high-tech equipment from Germany.” But Western companies suffered. “I hope that ultimately, common sense prevails,” the minister emphasized.

In particular, the steep fall in oil prices, which resulted in crashed and the ruble exchange rate against the US dollar and the euro has, the economy of the commodity power heavily loaded. Now the government in Moscow is considering the partial privatization of state enterprises. Some 800 billion rubles (about 9.4 billion euros) could thus come together this year, Ulyukayev said in Berlin. Privatizations were among others, the oil companies Rosneft and Bashneft possible and at the diamond company Alrosa or the bank VTB.

The EU had the economic and financial sanctions for the Russian annexation of the Crimean peninsula and Moscow supporting pro-Russian separatists in Eastern Ukraine imposed. Moscow responded with a ban as for western food.

The presence of Russian Prime Minister Dmitry Medvedev at the Munich Security Conference assessed the German economy as a step forward. Büchele criticized, it is there too much Medvedev’s words about “the Cold War” and too little gesture of openness to dialogue been respected. “Here, a hand is outstretched. Russia wants to be part of the solution.”

However, a possible exit from the EU sanctions makes the economic progress in the Minsk peace deal for Ukraine depends. The situation in Kiev is besorgniserregend./tb/bvi/DP/zb

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