` Germany warns against large scale sanctions on `Russia adding UK was also sceptical due to London’s Finance Sector – Gains ‘

#AceFinanceNews – BERLIN – Philipp Missfelder, the foreign policy speaker of the Christian Democratic Union-Christian Social Union (CDU/CSU) parliamentary group in the German Bundestag, has warned against introducing large-scale sanctions against Russia.

“In imposing sanctions we should make sure that they will not backfire,” Missfelder said on Monday in an interview with Germany’s Suedwestfunk radio station.

“It probably makes no difference to the American people and the American society,” he said. “However, they do not maintain such trading relations as Germany and Russia traditionally do.”

Missfelder added that the British government was also sceptical about sanctions “given that London’s finance sector gained a big profit from Russian money and Russian capital, whether in real estate or monetary contributions”.

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