German investments in Russia back on track despite pandemic crisis & Western sanctions ...News

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German investments in Russia back on track despite pandemic crisis & Western sanctions
source : Russia Today ( News ) () 7
German businesses’ direct investments in the Russian economy totaled €1.3 billion in the nine months to September, according to the Russian-German Chamber of Commerce. The volume of investment in the third quarter alone amounted to €700 million and offset the plunge seen from April through June, according to Bundesbank data, cited by the business lobby. The Russian market offers good prospects for German corporations, along with high consumption potential, according to Rainer Seele, the president of the chamber. Seele added that the drop in investments recorded in the second quarter was connected to the Covid-19 pandemic. Moreover, the

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