Deutsche Bank CEO Christian Sewing has urged European authorities to take their time when it comes to escalating sanctions against Russia over the military standoff in Ukraine, saying that the measures may have negative impact on the bloc as well.
“We should first let the announced sanctions take effect,” Sewing said, in an interview with Welt am Sonntag, adding that the penalties have been causing enormous damage to the Russian economy.
“However, these sanctions also have a negative impact on us, and we must endure this,” the head of Germany’s largest financial institution said, adding states should be thinking “again and again” before introducing tougher ones.
Sewing stressed that any decision to be taken by European authorities would be supported.
The top manager also criticized the latest proposal to shut down the Nord Stream 1 gas pipeline, as such a development would pose a threat to the energy security of the entire bloc.
The man who critically injured Slovak Prime Minister Robert Fico on Wednesday was a fierce…
The Asia-Pacific region should be free of military blocs because of their potential to undermine…
Russian President Vladimir Putin was welcomed with an honor guard after his plane touched down…
Russian President Vladimir Putin has set the stage for his state visit to China by…
С каждым днем онлайн-казино становятся все более популярными среди азартных игроков. И это вполне логично:…
Russian President Vladimir Putin has officially appointed Andrey Belousov as the new minister of defense.Belousov,…