Merkel Warns Russia would Suffer Big from Sanctions

World | March 13, 2014, Thursday // 14:25| Views: 912 | Comments: 4
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Bulgaria: Merkel Warns Russia would Suffer Big from Sanctions German Chancellor Angela Merkel speaking to the Bundestag. Photo by EPA/BGNES

German Chancellor Angela Merkel has told the Bundestag (Parliament) that Russia would suffer "massive damage, both politically and economically" through the West's sanctions.

Speaking in front of the assembly on Thursday, Merkel urged Russia to pursue effective diplomacy, or risk economic and political isolation. She ruled out military action as a countermeasure, Deutsche Welle reports.

"The territorial integrity of Ukraine cannot be called into question. In a period of enormous uncertainty in the Ukraine, Russia has not proven to be a partner for stability for neighboring countries which it has close links to but it uses their inherent weaknesses", the German Chancellor claimed.

During her meeting on Wednesday with Polish Prime Minister Donald Tusk, Merkel said that the EU and Ukraine will soon sign a political Association Agreement. She also reiterated Germany's proposal to set up a contact group to mediate talks between Russia and the new Ukrainian leadership.

If negotiations are not set up, the EU will move forward with asset freezes and travel bans on Russian authorities starting next week.

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Tags: Angela Merkel, German, Donald Tusk, Polish, Ukraine, Russia, EU, sanctions
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» To the forumComments (4)
#4
Lana J. - 13 Mar 2014 // 22:15:11

Sure it would, but money isn't everything, Dr. Merkel. At least, not for Russians.

#3
Optimistic - 13 Mar 2014 // 15:46:47

It is good that Germany is ruling out military action, and sanctions such as freezing Russian peoples assets and visa restrictions wont hurt Russia as the smart money will have moved somewhere safe and it means Russians will spend their money at home instead of abroad.

The US and EU are planning such ineffective sanctions means to them the Crimea is not a significant issue.

If the people of the Crimea vote to join the Russian Federation the transfer will happen in a peaceful way with no real sanctions, just a lot of noise and sounding though by the US and EU which will disappear in a few weeks.

#2
Behemoth - 13 Mar 2014 // 14:54:51

Merkeled,

you have either not read the article or maybe you haven't understood the content.

So here is a modest proposal: if you want to contribute something to the discussion, it might be a good idea to post something that is related to the article instead of pointless blahblahblah.

#1
Merkeled - 13 Mar 2014 // 14:45:42

Frau Merkel, maybe you could go and live in the USA with your good friends who are taking care of your gold.
No gas for Germany means a crisis. A crisis in Germany means a crisis in Europe. Maybe the solution for frau Merkel is to close the electricity stations on gas and replace with the newest variants which are running on cheap air.