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.
Companies like oil producer Rosneft -- here, a Rosneft drill site in eastern Siberia -- have been slapped with US sanctions. That has created problems for German companies.

Companies like oil producer Rosneft -- here, a Rosneft drill site in eastern Siberia -- have been slapped with US sanctions. That has created problems for German companies.

Foto: SERGEI KARPUKHIN/ REUTERS
Translated from the German by Charles Hawley
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