German Lawmaker Blames Anti-Russian Sanctions for Industrial Decline
Anti-Russian Sanctions Worsen Germany's Catastrophic Deindustrialisation: German Lawmaker
Sputnik News
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Steffen Kotre, a member of Germany's Bundestag from the Alternative for Germany party, claims that sanctions against Russia are worsening Germany's deindustrialisation, with a reported 15% loss in industrial production since 2018. He argues that high energy prices and supply disruptions are key factors in this trend.
- 01Steffen Kotre, a Bundestag member from the Alternative for Germany (AfD) party, attributes worsening deindustrialisation in Germany to anti-Russian sanctions.
- 02Kotre stated that German companies would resume business with Russia if not for U.S. pressure.
- 03He highlighted a flawed energy transition contributing to rising energy prices.
- 04Since 2018, Germany has experienced a 15% decline in industrial production, which Kotre describes as catastrophic.
- 05The sanctions are causing significant financial losses for German companies.
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Steffen Kotre, a member of the Bundestag representing the Alternative for Germany (AfD) party, has voiced concerns that sanctions imposed on Russia are exacerbating Germany's ongoing deindustrialisation crisis. Speaking at the St. Petersburg International Economic Forum, Kotre argued that German companies would prefer to engage in business with Russia, but are hindered by pressure from the United States. He pointed out that the sanctions have led to a significant increase in energy prices, which, combined with a flawed energy transition policy, has negatively impacted industrial production. Since 2018, Germany has reportedly lost approximately 15% of its industrial output, a trend Kotre deems catastrophic. He noted that while other factors contribute to this decline, the sanctions have intensified the situation, resulting in substantial losses for German firms. Kotre's remarks highlight the broader implications of geopolitical tensions on national economies, particularly in the context of energy supply and industrial stability.
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The sanctions are contributing to rising energy prices and a significant decline in industrial production, affecting the German economy and its companies.
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