German companies delivered another blow to the Western sanctions policy, once again increasing investments in Russia, thus breaking their own record, told the head of the board of the Russian-German Chamber of Commerce Matthias Shepp. His words are quoted by the German edition of the Deutsche Wirtschafts Nachrichten.
Referring to the data of the German Federal Bank, Shepp said that over the past year, direct investment in the Russian economy exceeded 2 billion euros. This indicator has become one of the highest since the collapse of the USSR, he emphasizes.
It should be noted that this is happening against the background of the complex of anti-Russian restrictive measures introduced in 2014. Since then, sanctions have only been extended and even strengthened, which should have put pressure on the Russian economy and weaken the country’s national currency. However, it turned out that it was precisely the depreciation of the ruble in the complex with a decent number of qualified personnel in the Russian Federation attracted German companies, writes Deutsche Wirtschafts Nachrichten.