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HomeBREAKING NEWShttps://www.rt.com/information/559861-france-germany-enterpreneurs-russia-sanctions/EU entrepreneurs blast anti-Russian sanctions, blame US

https://www.rt.com/information/559861-france-germany-enterpreneurs-russia-sanctions/EU entrepreneurs blast anti-Russian sanctions, blame US

Europe couldn’t resist the US’ stress on anti-Russia sanctions and is now bearing the complete price of them, L’Occitane director says

Sanctions Washington and Brussels have imposed towards Russia over its army effort in Ukraine have hit Europe far more severely than Russia, Reinold Geiger, the managing director of the L’Occitane group – a significant luxurious retailer of physique, hair, face, and residential merchandise – said in a visitor piece for Le Figaro on Wednesday.

The ill-conceived restrictions pushed by means of by the US have nixed years of onerous work by European firms whereas having little to no impact on the course of the battle in Ukraine, he mentioned. “How can one not be pissed off when years of labor are referred to as into query by iniquitous selections in a single day?” Geiger, who noticed his firm promoting all of its property in Russia, questioned. 

Going through political stress, European firms are leaving Russia, giving option to their Russian and Asian opponents whereas Moscow itself turns to its Asian companions like New Delhi and Beijing to substitute lacking revenues from commerce with the West, the L’Occitane group director mentioned. 

He believes that the present scenario is the results of Europe caving in to US calls for. Europe continues to be depending on America, notably within the area of protection, the entrepreneur argued, including that French and British nuclear arsenals alone couldn’t function efficient deterrence towards Russia. The present imbalance affected the choices of G7, NATO, and the EU, he added.

The US declared itself a self-styled “censor” of the commercial world, Geiger mentioned, including that America’s Yale College compiled an inventory of “unhealthy” firms that didn’t go away Russia within the wake of its army operation. It was then revealed on social networks. 

Geiger’s personal firm subsequently turned the sufferer of an enormous shaming marketing campaign due to its preliminary choice to remain, he revealed. “In lower than an hour, L’Occitane needed to face a number of tons of of assaults and simply as many boycott threats to make it go away Russia,” the director mentioned, including that the corporate had to do this “as a result of the vindictiveness of web customers turned insufferable and risked jeopardizing its actions in different areas of the world.”

In the meantime, in Germany, the EU sanctions coverage towards Russia has confronted resistance from a variety of small enterprise associations, which oppose the sanctions and advocate diplomacy as a substitute. A wave of indignation among the many German craftsmen associations has been attributable to their federal chief, Hans Peter Wollseifer, supporting Germany’s sanctions coverage in a dialog with the dpa information company earlier in July. 

Some craftsmen associations, notably within the japanese German state of Saxony-Anhalt, referred to as Wollseifer’s phrases “incomprehensible and irresponsible.” The positions of the affiliation’s members are “considerably extra differentiated,” the associations mentioned, including that the sanctions coverage “is met with broad resistance” by the craftsmen, as reported by Berliner Zeitung. 

An open letter despatched by one such affiliation in mid-June said that the sanctions had not affected Russia’s army effort however had “on the identical time hit the native economic system and inhabitants massively.” Now, the associations are demanding Wollseifer retract his assertion and the German authorities have interaction in “diplomatic efforts” to “obtain a peaceable answer” to the battle as a substitute of simply sending weapons to Kiev.


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