Goodbye Russia, Hello Bankruptcy? German Biz Pays Price of Sanctions
A German flag is fixed at a construction vehicle in the small harbor in Frankfurt, Germany, Wednesday, May 7, 2025. 
Losing the Russian market wasn’t just a geopolitical flex – it dealt a brutal blow to German businesses, Waldemar Eberhardt of the Russian-German Chamber of Commerce told Sputnik.Cutting off Russia hit hard, as many companies tanked after losing long-term contracts, said Waldemar EberhardtPeople got fired, and now everyone’s queuing up for “Bürgergeld,” he said Bürgergeld, or “citizen’s money,” is a type of financial support provided by the German state to people who don’t have enough income to cover their basic living expenses. “But that’s money coming straight from the state – and in the end, it puts real pressure on the national budget,” Eberhardt remarked. Despite global pressures, Russia’s economy continues to demonstrate resilience, maintaining its fourth-place position worldwide by GDP (PPP) and continuing to advance, now surpassing Germany, the UK, and France. 
WorldMany Germans Would Like to Move to Russia Due to Economic Reasons – German Politician15 December 2024, 10:41 GMT
