Russia and the United States and Volker Treier

Volker Treier: Most adversely affected were companies doing business with both Russia and the United States , foreign trade expert Volker Treier told the German daily newspaper Rheinische Post, according to Deutsche Welle. About a week ago, EU leaders agreed to escalate sanctions against Russia, imposing for the first time punitive measures on Russian companies and blocking new loans to the country by multilateral lenders. Those measures had been preceded by travel bans and asset freezes on individuals belonging to the inner circle of Russian president Vladimir Putin and One out of four German export companies was already feeling the pinch of sanctions imposed on Russia over the Ukraine crisis, the German Chambers of Industry and Commerce said Monday. "The different sanctions imposed by the United States and the European Union force export companies to evaluate each individual contract separately," Treier said. (news.financializer.com). As reported in the news.