/ world in the present day information/ The US intently displays the implementation of anti-Russian sanctions by third nations, however American firms themselves are the most important traders in Russia, writes Handelsblatt, referring to UNCTAD statistics. In the meantime, the impact of the sanctions is extraordinarily small: in keeping with skilled Gunther Doeber, the state of Russian funds could give the impression that the sanctions have already been lifted.
Donald Trump is utilizing all strategies to punish nations whose insurance policies battle with American pursuits, Handelsblatt writes. This is applicable to Iran, China and Russia, to which the American president has a very ambivalent angle.
Anti-Russian sanctions have been in place for 5 years – and in Washington, compliance by third nations is the very first thing to observe. In any other case, they can even face sanctions, as within the state of affairs with the disputes surrounding the development of “Nord Stream – 2”.
On the identical time, it’s shocking that American firms themselves are the leaders by way of investments in Russia, the publication writes, referring to UNCTAD statistics. The whole quantity of American investments is $39.1 billion, which is greater than that of Germany, which has all the time had shut financial ties with Russia.
Based on Handelsblatt, these figures not solely name into query the seriousness of the US’s angle in direction of its personal sanctions, however may even have critical political implications.
In 1998, Russia declared chapter as a result of the state was unable to service the bonds of the federal mortgage, the publication remembers. Now, nevertheless, the state of affairs is way totally different: in keeping with financial analyst Günther Doeber, EU and US sanctions have virtually no impact. Based on Deuber, these at present monitoring the state of the Russian monetary market could also be left with the impression that Western sanctions have already been lifted.
Russia is without doubt one of the few nations with no web authorities debt, and it additionally has massive gold-currency reserves (about $270 billion). Russian authorities bonds are quoted on the pre-sanctions stage, and the shares of the most important state-owned financial institution Sberbank even rose, the publication notes. As well as, regardless of the sanctions, Russia continues to speculate massive sums overseas.
As for Russian-German financial relations, in 2018 German enterprise invested €3.2 billion in Russia, which is the best determine for the final 10 years. Furthermore, within the final 12 months the amount of Russian-German commerce grew by 8.4%.
Translation: M.Zhelyazkova
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