Ukraine war

Marvin Meyke,

VDMA: "Russia sanctions affect large parts of the mechanical and plant engineering industry"

Commenting on the sanctions currently being imposed in the context of the war in Ukraine, VDMA Managing Director Thilo Brodtmann explains: "First and foremost is concern for the well-being of the people in Ukraine. This also results in the challenge of contributing to an end to the violence with effective and consistent sanctions.

Thilo Brodtmann is Managing Director of the VDMA. © VDMA

The sanctions imposed by the European Union following the Russian invasion of Ukraine in violation of international law mean a fundamental reassessment of economic and trade relations with Russia in the light of Vladimir Putin's systematic aggression.

The new bans on the supply of various goods to Russia affect large parts of the European mechanical and plant engineering industry. They affect exports worth several hundred million euros, and it is now necessary to analyze the conditions of the sanctions and their effects in detail. Counter-sanctions are also possible from the Russian side, but it remains right to sanction the aggression against Ukraine severely. Russian manufacturers play a largely subordinate role in the technology and capital goods sector."

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