Russian sanctions crushing German business ― RT Business

The West is tightening the financial screws on Moscow, but German companies are already feeling the kickback of a slowing Russian economy and weakening ruble.

Russia is Europe’s third-largest trading partner, so a spluttering Russian economy, exacerbated by the Ukraine crisis, is seriously affecting German companies. In 2013, Germany exported 36 billion euro worth of goods to Russia.

A higher value ruble and inflation risk consumer spending in the region, and are cutting German involvement in the market accordingly.