Nearly two-thirds of German companies expect constant or even better business in Russia in 2014 despite ongoing sanctions over Ukraine, said a survey published Tuesday by the German-Russian Chamber of Commerce (AHK), New Europe reported Wednesday. Approximately one in three companies is worried about reductions in business of up to 50 percent or more, the survey of 300 German companies said. Small and medium enterprises from machine and plant engineering sectors were most affected, said Dr. Volker Treier, deputy chief executive of the German Chambers of Industry and Commerce Chambers (DIHK).
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