German business hopes that the meeting between Putin and Merkel will facilitate the work

© AP Photo / Markus SchreiberВладимир Putin and Angela Merkel before the meeting of the Normandy Quartet in Berlin. Archival photoGerman business hopes that the meeting between Putin and Merkel will facilitate the work© AP Photo / Markus Schreiber

German business expects from the meeting of German Chancellor Angela Merkel and Russian President Vladimir Putin concrete results that will facilitate the work of companies, said on Wednesday the head of the Eastern Committee of German economy Wolfgang Buchele.

The talks between Putin and Merkel will be held on 18 may in Sochi.

«We believe that negotiations will lead to concrete results that will facilitate the work of German companies in Russian business. The results of the visit (the head of Ministry of Economics of Germany Peter) Altmaier give hope that there is a solution to the dispute over the «Nord stream-2″, which protects Ukraine’s interests at the expense of guaranteed supplies of Russian natural gas through the territory of the country. This will be an important signal to companies involved in the project», — said in a statement Buchele, published by the organization.

Buchele said that the Chancellor should try to convince the Russian side not to impose punitive measures against companies that need to comply with foreign sanctions, as such measures would be «a significant burden for the German-Russian economic relations, which are experiencing just now a small rise». He added that it is unacceptable to turn «the economy in the game is the different modes of sanctions — in this game there are no winners».

«The meeting with President Putin is in the right and critical time. In an extremely complex international environment opens the possibility of rapprochement between Germany and Russia on the background of General political and economic interests, such as support for Iran’s agreement, the construction of the pipeline «Nord stream-2″ and criticism of the new U.S. sanctions against Russia and their consequences for German companies,» said Buchele, adding that «the new Federal government attaches great importance to dialogue with Russia, as stated in the coalition agreement».