The amount of German corporations’ direct funding within the Russian financial system amounted to €1.eight billion ($ 2 billion) within the first quarter of 2020, in line with the Russian-German Chamber of Commerce.
“Regardless of the measures to fight the coronavirus an infection… the amount of direct funding has virtually not modified in comparison with the identical interval of 2019 [Ed. – €1.9 billion],” the chamber stated, citing Bundesbank information.
“The truth that German enterprise continues to actively put money into Russia, regardless of the measures to fight the unfold of coronavirus an infection in Germany, Russia, and all over the world, exhibits that the Russian market stays engaging, no matter critical political tensions, sanctions and world commerce conflicts,” stated the chamber’s chairman, Matthias Schepp.
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He defined that family-owned medium-sized enterprises in Germany, which historically actively put money into Russia, are centered on the long run and are usually not afraid of momentary crises.
In 2018 and 2019, German corporations poured some €three.three billion ($ three.7 billion) and €2.1 billion ($ 2.three billion), respectively, into the Russian financial system. In accordance with Schepp, German enterprise in Russia has already handed the check of crises, together with Western sanctions, and “will be capable of efficiently overcome the present coronavirus pandemic.”
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