Oil and gas are Russia's main exports to Germany (Photo:

Doing business with Russia: A German dilemma

German Chancellor Angela Merkel is a cautious politician. A natural scientist by formation, she never goes for bold statements unless they have been carefully weighed beforehand.

By her standards, the speech in the Bundestag last week was bold.

She spoke of a three-step reaction to Russia's illegal actions in Ukraine. The assets freeze and visa ban on 21 names adopted on Monday (17 March) by EU foreign ministers are step two.

If Moscow does not change course and "further de...

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