“Economic penalties introduced by the EU against Russia three years ago have become punitive for Germany, according to a new study published by the Kiel Institute for the World Economy, as quoted by German newspaper Frankfurter Allgemeine Zeitung. ‘Germany accounts for nearly 40 percent of export trade losses compared to the Western countries, with other major geopolitical players far less affected,’ the study states.”
Source: Germany biggest loser from EU sanctions against Russia — RT Business News
