mo4ch:>German investments in Russia highest in decade despite Western sanctions | Mo4ch News

Investments by German businesses in the Russian economy exceeded €3 billion in 2018, marking the highest level since before the financial crisis more than a decade ago, according to the Russian-German Chamber of Commerce.“Despite Western sanctions along with Russia’s retaliatory measures the volume of investments by German corporations into the Russian economy last hit a record high in 2008,” the German trade lobby said in a statement.The chairman of the chamber Matthias Schepp highlighted that apart from substantial investment in projects such as the Nord Stream 2 natural gas pipeline, Russia’s market offers great opportunities for German small and medium-sized businesses.Also on rt.comPutin opens new Mercedes-Benz assembly plant near Moscow“Companies that are well aware of the Russian market are not in a hurry to be afraid of sanctions and political problems,” Schepp said.According to the statement, the total volume of financial inflows from German investors in 2018 amounted to €3.2…