Sanctions could destroy Russian economy, German exporters warn


  • World
  • Wednesday, 12 Mar 2014

BERLIN (Reuters) - A trade conflict between Russia and Europe over Ukraine would hurt German business but it would be life-threatening for the Russian economy, Germany's main trade body said on Wednesday, making its forecasts conditional on the crisis in Crimea.

"All in all, we are optimistic about foreign business with large parts of the world. Unfortunately, that is not true for business with Russia," said Anton Boerner, president of the BGA exporters' lobby.

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