Germany has boosted imports of nitrogen fertilizers from Russia during the past agricultural year despite Berlin’s repeatedly voiced intentions to distance itself from the sanctioned country, the Berliner Zeitung news outlet reported this week, citing calculations based on data from the Federal Statistical Office (Destatis).
The confiscation of Russia’s frozen assets could lead to massive financial losses on part of the US and its allies, the news agency RIA Novosti reported over the weekend. A number of Western nations, including the US, UK, France, and Germany, still have significant investments in Russia that could be lost.