The United States adopted new sanctions against Russia – the end is not in sight. The are unsettling not only for the Russian economy. German companies are affected. From Moscow’s Miodrag Soric.
The U.S. tightened their sanctions policy towards Russia? The speculation has a negative impact on the economy. “Those who wanted to invest in Russia, at the moment,” said Alexei Knelz of the German-Russian chamber of foreign trade of the German wave.
Currently, even the experts have trouble to get an Overview of existing or impending sanctions measures. Broadly speaking, two decisions have to be taken in the coming weeks. So, the US Congress discussed since the beginning of September, the tightening of existing sanctions.
Donald Trump, and Vladimir Putin in July of this year
Moscow should be punished, because it was mixed in the American presidential elections, which the Kremlin denied. At the end of October in Washington likely to vote for “Defending American Security from Kremlin Aggression Act” (DASKAA). In the case of a majority of sanctions could be against Russian energy projects, government bonds and banks imposed.
Foreign investors avoid Russia
The second package of Sanctions, it is the Skripal affair. Last August, the Congress has determined that Russia was for a chemical weapons attack against her former agent Skripal responsible. The Kremlin must now prove that it had nothing to do with the assassination, and no chemical weapons have. Washington calls on Moscow allows foreign inspectors into the country. President Vladimir Putin rejects this. The result: President Donald Trump may impose at the end of November for more sanctions.
It is no wonder that foreign businessmen are holding back currently, with further investments. Difficult about Siemens could it be especially for companies that are in Russia and in the USA -. The Russia-business of the group is 165 years old. In front of its headquarters in Moscow, a monument of their first branch Manager has only been in the spring in the Russian capital built by Carl Siemens, a younger brother of the company founder, Ernst Werner Siemens.
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Russia: Anti-American sentiment weakens
Siemens earned on the modernisation of the obsolete Russian power plants, and sells electric locomotives, and supplies compressors to the raw material companies that require this for their wells. Currently, the group employs around 3000 employees in Russia. In the USA there are tens of thousands. Will lead to new U.S. sanctions, Siemens must decide between the Russian and the American market?
The economic risk is growing
Aleksis Rodzyanko, head of the American chamber of Commerce abroad in Moscow, does not believe that it would come to this. However, he also expects that in the DW interview with sharper sanctions against Moscow. The economic risk for foreign companies to get involved in Russia, is growing. Companies in Russia are already actively working, Rodzyanko, to emergency plans. Contracts would be redrafted or supplemented. Some investors were preparing to transactions not in dollars, but in Euro unwinding.
Also a number of German companies, review contracts with Russian partners, and suppliers. Especially interested in whether the production companies are involved, which may come into the crosshairs of American sanctions, says Alexei Knelz of the Russian-German foreign trade chamber. “The situation is tense,” he says. Russia had just recovered from the recent recession. The German economy has invested in Russia to 2017 more than 1.6 billion euros. But in 2018, the investment decreased. “The business climate has deteriorated,” he says.
The ruble and the sanctions
To disagree with the experts about what will be the impact of the US policy of sanctions on the ruble. “If he weakens further, the production is cheaper in Russia,” explains Knelz. Siemens already speaks of the “localization of production”. Whether the ruble is actually weaker? Rodzyanko is not so sure. Finally, the Oil and gas prices were still high, he says. Russia mainly exports raw materials.
Is advised of the ruble by more sanctions under pressure?
The strained relations between Washington and Moscow will speed up the turning of the Kremlin gen Asia, says Rodzyanko. An example of this is the LNG plant for the liquefaction of Gas in the Yamal Peninsula, in the extreme North of Russia. Originally, the Western investors should Finance the multi-billion project. Then the sanction policy began. “Instead of the West, the Chinese stood in for,” says Rodzyanko.
So far there is no evidence that Russia will change its behavior in the Ukraine or in Syria because of U.S. sanctions. The same is true for other countries against which the USA have imposed sanctions, observed Emma Ashford from the liberal Washington think-tank CATO. “A long-term perspective: The more sanctions we [Americans] impose, the less effective you are,” she said to the DW. The Trump Administration’s use of sanctions to a greater extent, criticized Ashford. But effective the are only rarely.
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What Trump and Putin hold of each other“A Competitor”
U.S. President Donald Trump and wife Melania arrived Sunday in Helsinki to meet with Russian President Vladimir Putin a day later. Monday morning, a few hours before the meeting, tweeted Trump: “Our relations with Russia have NEVER been worse because of the many years of folly and stupidity of the United States.” Previously, Trump Putin had referred to as competitors.
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What Trump and Putin hold of each otherBilateral Talks
The Helsinki summit is the first large-scale bilateral Meeting between Trump and Putin. The relationship between Russia and the USA is stretched due to numerous issues, such as for a long time. 12. July Trump said about Putin: “Someone said: Is he an enemy? No, he is not my enemy. He is a friend? No, I don’t know him well enough.”
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What Trump and Putin hold of each otherFirst Meeting
In the meantime, it has been almost a year. Donald Trump and Vladimir Putin met for the first Time on the edge of the G20-summit in Hamburg, Germany. “The TV-Trump is very different from the real people,” Putin said then, and added: “I think there were established personal relationships.” Trump’s foreign Minister at the time Rex Tillerson said, the chemistry between the two was “clearly positive” .
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What Trump and Putin hold of each otherPutin on Trump: “Striking appearance”
US President, Trump talked about it in a speech in the pre-election campaign of the Republicans in 2016 by the Russian President: “Putin has said, Donald Trump is a genius.” When asked about Putin in St. Petersburg said: “I just said that Trump is an eye-catching appearance. He’s not around?”
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What Trump and Putin hold of each otherTrump about Putin: “Very clever”
The end of 2016, tweeted Trump about Putin: “I’ve always known that he is very smart!” A month later, the U.S. President in the Interview: “people said if Putin, Donald Trump like, this is a profit, not a burden. Now, I don’t know if I’m going with Vladimir Putin. I hope so. That can’t be good.” At the bilateral meeting in Helsinki, he could find out.
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What Trump and Putin hold of each otherTensions
After the Russian Intervention in Ukraine in 2014, the US imposed together with their allies sanctions against Russia. Trump keeps the sanctions so far upright. In September 2017, Putin said the question of whether he was disappointed about Trump since the election to U.S. President: “He is not my bride; and I am not his bride-to-be groom.”
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What Trump and Putin hold of each otherDifferent Interests
At their Meeting, the two heads of state will not come to the topic of the middle East. Both countries are pursuing in the Region have different interests. In Syria, Russia supports President Assad. On the side of Iranian soldiers to fight again. The presence of Iranians in Syria but especially the traditional US allies, Israel is a thorn in the eye.
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What Trump and Putin hold of each otherExchange under four eyes
He hoped that he could build a “extraordinary relationship” with Putin, Trump said in greeting. To understand “with Russia, is a good thing, not a bad thing.” Putin can see the time for concrete consultations to come. The two presidents want to replace the first under four eyes. Later, the delegations to come to the talks.