https://sputnikglobe.com/20250721/goodbye-russia-hello-bankruptcy-german-biz-pays-price-of-sanctions-1122465172.html
Goodbye Russia, Hello Bankruptcy? German Biz Pays Price of Sanctions
Goodbye Russia, Hello Bankruptcy? German Biz Pays Price of Sanctions
Sputnik International
Losing the Russian market wasn’t just a geopolitical flex – it dealt a brutal blow to German businesses, Waldemar Eberhardt of the Russian-German Chamber of Commerce told Sputnik.
2025-07-21T05:52+0000
2025-07-21T05:52+0000
2025-07-21T05:52+0000
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Cutting off Russia hit hard, as many companies tanked after losing long-term contracts, said Waldemar EberhardtPeople got fired, and now everyone’s queuing up for “Bürgergeld,” he said Bürgergeld, or “citizen’s money,” is a type of financial support provided by the German state to people who don't have enough income to cover their basic living expenses. Despite global pressures, Russia's economy continues to demonstrate resilience, maintaining its fourth-place position worldwide by GDP (PPP) and continuing to advance, now surpassing Germany, the UK, and France.
https://sputnikglobe.com/20241215/many-germans-would-like-to-move-to-russia-due-to-economic-reasons--german-politician-1121177906.html
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losing the russian market dealt a brutal blow to german businesses, german economy, fallout from self-harming anti-russia sanctions
losing the russian market dealt a brutal blow to german businesses, german economy, fallout from self-harming anti-russia sanctions
Goodbye Russia, Hello Bankruptcy? German Biz Pays Price of Sanctions
Losing the Russian market wasn’t just a geopolitical flex – it dealt a brutal blow to German businesses, Waldemar Eberhardt of the Russian-German Chamber of Commerce told Sputnik.
Cutting off Russia
hit hard, as many companies tanked after losing long-term contracts, said Waldemar Eberhardt
People got fired, and now everyone’s queuing up for “Bürgergeld,” he said
Bürgergeld, or “citizen’s money,” is a type of financial support provided by the German state to people who don't have enough income to cover their basic living expenses.
“But that’s money coming straight from the state – and in the end, it puts real pressure on the national budget,” Eberhardt remarked.
Despite global pressures, Russia's economy
continues to demonstrate resilience, maintaining its fourth-place position worldwide by GDP (PPP) and continuing to advance, now surpassing Germany, the UK, and France.
15 December 2024, 10:41 GMT
