Expanding economic co-operation with Russia in areas such as renewable energy sources could help reduce tensions over Ukraine, German Economy Minister Robert Habek said in an interview with domestic media.
“We also need to look at new areas of business that can help both sides emerge from a position of conflict,” the minister and vice chancellor told SPIEGEL.
Commenting on the possibility of excluding Russia from the international payment system “Swift”, Habek said that the general enumeration of sanctions does not make sense.
That is the ultimate economic sanction, he stressed, however, stressing that his goal is to reduce tensions.
Leading Russian and US diplomats are due to meet in Switzerland on Friday to discuss rising tensions over Ukraine after last week’s meetings failed.
German Foreign Minister Annalen Bayerbock on Thursday called on Russia to end its policy of escalating tensions, warning that it would face a series of sanctions in the event of aggressive moves.
Germany is ready to defend its core values in the current stalemate, even if it has to pay a high economic price, Bayerbock said the day before in Moscow.