World Economy

Negative Impact

Negative ImpactNegative Impact

The sanctions imposed against Russian banks will finally have a negative impact on Germany, President Vladimir Putin said in an interview with the German TV Channel ARD on Saturday. “You know, if our banks are even partly cut off from international financing, they receive fewer resources, Itar Tass reported. This means that our economic entities can purchase fewer goods from you,” Putin said, commenting on the effect of sanctions imposed by the United States and the European Union against Russia.“After all, our cooperation between Germany and Russia, provides hundreds, thousands of jobs in Germany,” Putin said.