The Boomerang Effect: Sanctions on Russia Hit German Economy Hard

The Boomerang Effect: Sanctions on Russia Hit German Economy Hard

The United States and Europe last week announced the imposition of stronger sanctions against Russia in response to the ongoing crisis in Ukraine. German industry may be among the losers.

It wasn’t that long ago that Kremlin officials could hardly avoid laughing when asked about the economic sanctions imposed on Russia by the West. As long as every NATO member state jealously sought to protect its own business interests, things “weren’t all that bad,” they gloated.

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