According to the German Die Welt, sanctions imposed upon Russia have the reverse effect – the troubles caused by these measures forced Germans enterprises to increasingly invest and develop their business in Russia.
Die Welt claims that direct investments of German companies have reached record levels and in perspective will see further increase.
Die Welt columnist, Carsten Dierig, claims that the German businessmen start to make large investments in Russia once again. The reason is tough sanction imposed on Russia. Since the export turned out to be impossible in a number of economy’s areas, German companies have preferred to build plants and factories on the territory of the Russian Federation. By doing so, the entrepreneurs will avoid losing their profitable businesses.
Whereas in 2014 German investors left Russian market, having withdrawn their capitals, now the “pendulum has arguably swung too far in the opposite direction”.
According to the data of Die Welt, this year a factual record has been established: in the first quarter of 2016, direct investments from Germany to Russia totaled 1,1 bln euro.