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German Politician Slams Anti-Russian Sanctions As ‘State Coup’ Against European Industry

© AP PhotoAn oil tanker is moored at the Sheskharis complex, part of Chernomortransneft JSC, a subsidiary of Transneft PJSC, in Novorossiysk, Russia, on Oct. 11, 2022.
An oil tanker is moored at the Sheskharis complex, part of Chernomortransneft JSC, a subsidiary of Transneft PJSC, in Novorossiysk, Russia, on Oct. 11, 2022.  - Sputnik International, 1920, 16.12.2024
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MOSCOW (Sputnik) - The European Union's continued sanctions against Russia harms member states that still import Russian oil and is akin to a "state coup" against Europe's industry, Ralph Niemeyer, head of the German Council for the Constitution and Sovereignty, told Sputnik.
On Wednesday, the Hungarian EU presidency announced that ambassadors from member states had agreed on the EU's 15th package of sanctions against Russia. Dutch Foreign Minister Caspar Veldkamp said the new package of restrictions targeted Russia's "shadow fleet."

"This is madness. It is like a state coup against our own industry. It is inexplicable. We still buy Russian [oil] and import it via India. It is a crazy situation, and I think all these sanctions have only made life harder but had no political effect on Russia," Niemeyer specified.

After these sanctions were imposed, Russia began manufacturing many goods at home. Now even European companies are eager to return to the Russian market, Niemeyer told Sputnik, adding that this situation shows that these restrictions "no longer impress anyone."
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Economy
Europe is Hurtling Towards New Energy Crisis With Depleted Reserves, Short-Sighted Russia Sanctions
Russia has repeatedly affirmed its resilience against escalating sanctions. President Vladimir Putin has cautioned that efforts to contain Russia would inflict serious harm to the global economy. Furthermore, Western countries have frequently admitted the ineffectiveness of sanctions.
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