Deutsche Bank: The Eurozone Will Endure Harsh Sanctions Against Russia

Euromaidan PR

22.05.2014

German economists have calculated the possible losses from the sanctions against the Kremlin in the case of escalation of the situation in Ukraine. Their conclusion: the West can afford to be assertive.

“The economics of sanctions: the West can afford to show assertiveness,” is the name of the investigation published recently by the analytic center Deutsche Bank (DB Research). A group of experts of the biggest bank in Germany, led by its head economist David Wolkerst-Landau, calculated the possible losses from the economical sanctions against Russia, to which the European Union and the USA may resort in case of further escalation of the situation in Ukraine.

The main conclusion of the investigation is already reflected in its name: the leading Western economists are able to withstand the consequences of both the sanctions against Russia and the possible responsive action on Moscow’s part without significant losses for themselves. Only…

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