German businesses demand pan-European ‘blacklist’ of Russian partner companies
German businesses have proposed that a pan-European blacklist of companies aiding the Russian government be created, the Federation of German Industries (BDI) said in a position paper published on Monday.
The paper reads that Russia's attack on Ukraine is a blatant violation of international law, "and it cannot be tolerated, so we support sanctions."
The BDI notes that, unfortunately, some states do not apply sanctions against Russia.
It also rejects its companies’ alleged "careless" attitude towards evading sanctions and demands that a pan-European "blacklist" be created that should include companies outside the EU that help with Russian public procurements.
The paper notes that Russia has created a sophisticated system to avoid trade restrictions.
"This is possible because about 60 percent of the world's economy and 75 percent of the world's population are not subject to sanctions against Russia," Wolfgang Niedermark, member of the BDI Executive Board, said.
"We urgently need a central control instrument to ensure the implementation of sanctions."
Since Russia began a full-scale invasion of Ukraine, the European Union, Group of Seven countries, and other states have imposed severe sanctions.
Evidence has emerged, however, of Moscow being able to circumvent some restrictions, including on critical electronic components used in weaponry, by importing them from neighbouring countries.