Germany calls sanctions policy against Russia "insane"

The European Union's adoption of new sanctions against Russia is damaging European countries that continue to buy Russianoil . The head of the German Council for Constitution and Sovereignty, Ralf Niemeyer, told RIA Novosti about this.

"It's madness, it's like a coup d'etat against our own industry. It's inexplicable. We still buy Russian [oil] and get it through India," he said.

Niemeyer added that the sanctions had not achieved a political effect, and many European companies would also like to return to Russia. According to him, this situation shows that sanctions "do not impress anyone anymore."

On Wednesday, December 11, EU ambassadors agreed on the 15th package of sanctions against Russia. Bloomberg reported that EU countries will also impose restrictions on about 45 Russian oil tankers and companies involved in oil transportation .

Moscow criticizes the sanctions policy, considers them illegal and calls for lifting the restrictions. Russian President Vladimir Putin noted that sanctions from the West against Russia have had no effect, the world needs Russia , no decisions by Western or American leaders can change this.

Putin also noted that many Western companies are leaving Russia “without any pleasure,” while leaving behind “a good legacy.” Companies are suffering “huge losses” due to leaving Russia, he said. Reuters reported that foreign companies that left Russia lost over $107 billion in write-offs and lost revenue.

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