The chief executive of Deutsche Bank, Germany’s largest financial institution, is urging the EU to hold off on any new economic sanctions against Russia, warning that the sanctions may have a negative impact on the bloc. Speaking during an interview with German newspaper Welt am Sonntag , CEO Christian Sewing warned that the sanctions have already caused “enormous damage” to the Russian economy – while also having a “negative impact” on Germany (mostly in the form of higher energy prices). Sewing also criticized the latest proposal to shut down the Nord Stream 1 gas pipeline, arguing that such a […]
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