Skip to content
Spynews Media

Spynews Media

Your number one news and entertainment website

  • Latest News
  • Health
  • Religion
  • Editorial
  • Foreign News
  • Interview
  • Politics
  • Opinion
  • Science and Technology
  • Sports
  • Topical
  • About Us
  • Contact Us
  • Privacy Policy
  • Disclaimer
  • Home
  • Conflict
  • Russia economy grows despite sanctions imposed by West says German Minister
  • Conflict

Russia economy grows despite sanctions imposed by West says German Minister

Spynewsmedia August 25, 2023

President Putin

 

* Sanctions failed to have impact, she adds

By agency report

German Foreign Minister Annalena Baerbock has expressed her disappointment with the effect of the sanctions against Russia over Moscow’s invasion of Ukraine.

“Actually, economic sanctions should have an economic impact. But they don’t. Because the logic of democracies does not work in autocracies,” the Green politician said in an interview with journalist Stephan Lamby for a newly published book.

The book “Ernstfall. Regieren in Zeiten des Krieges,” which translates as “Emergency. Governing in Times of War,” examines the German government’s response to the war in Ukraine and will be published on Thursday.

“We have seen that this war cannot be ended with rational decisions, rational measures that you take between civilized governments,” Baerbock said in an interview with Lamby in July.

Despite Western allies having imposed massive economic punitive measures on Russia after the attack on Ukraine, the Russian economy is growing. At the same time the German economy slipped into recession at the beginning of the year.

Read Also  ASUU Strike: Day 1 of Labour solidarity protest in Benin

However, Western economists emphasise that Russia owes its growth mainly to its war economy and the massively increased production of weapons and ammunition. This is not sustainable growth.

In the interview, Baerbock is also critical of the German government’s initial reluctance to travel to Kiev. She had been the first member of the government to travel to the war zone on May 10, 2022 – two and a half months after the Russian invasion.

At that time, numerous heads of state and government of European allies were already there on a solidarity visit, as well as Germany’s opposition leader Friedrich Merz. Chancellor Olaf Scholz only visited more than a month later.

 

Source: GermanyToday/dpa

 

 

About Author

Spynewsmedia

See author's posts

Tags: #RussiaEconomy #RussiaUkrainewar #Sanctions

Post navigation

Previous Trump surrenders in Georgia
Next Niger coup: I am under pressure to deploy troops says President Tinubu

Related Stories

Nnamdi Kanu conviction: Obi mobilises action to reduce tension
  • Conflict

Nnamdi Kanu conviction: Obi mobilises action to reduce tension

November 24, 2025
HURIWA faults Omotosho sentencing of Nnamdi Kanu 
  • Conflict

HURIWA faults Omotosho sentencing of Nnamdi Kanu 

November 22, 2025
American warriors are coming 
  • Conflict

American warriors are coming 

November 6, 2025

Connect with Us

  • Facebook
  • Twitter
  • WhatsApp

You may have missed

Oborevwori’s wife inaugurates Cottage Hospital In Ughelli
  • Health

Oborevwori’s wife inaugurates Cottage Hospital In Ughelli

December 3, 2025
EZIAWA: Land where water is Gold (1)
  • Environment

EZIAWA: Land where water is Gold (1)

December 2, 2025
Warri is rising again, come and invest here, Oborevwori urges investors 
  • Business

Warri is rising again, come and invest here, Oborevwori urges investors 

November 29, 2025
New Tax Law benefits the common man, experts allay fears
  • Business

New Tax Law benefits the common man, experts allay fears

November 28, 2025
  • About Us
  • Contact Us
  • Privacy Policy
  • Disclaimer
  • Facebook
  • Twitter
  • WhatsApp
Copyright © All rights reserved. | DarkNews by AF themes.