Sanctions? What Sanctions? German Company to Help Build Bridge to Crimea
A German-owned company is listed as one of the subcontractors for the Kerch Strait bridge construction project.
© SPUTNIK/ KONSTANTIN CHALABOV
From Anger to Acceptance: Ukraine is on the Way to Recognize Crimea’s Reunion With Russia
Karst LLC is a St. Petersburg-based company and one of the subcontractors working on a monumental construction project – the building of a bridge across the Kerch Strain, which will connect the Crimean Peninsula to Russia’s mainland.
What makes this particular subcontractor stand out, however, is the fact that, according to RBC news agency, 100 percent of the company’s shares are owned by Adler Global – a German enterprise registered in the municipality of Kaltenholzhausen.
This development may be considered yet another sign that German business circles are tired of the counterproductive anti-Russian sanctions policy that has been adopted by the EU, and seek to do business with their Russian counterparts when opportunities arise.
RBC points out, however, that since Berlin publicly refuses to acknowledge Crimea as an integral part of Russia, the company may be targeted with punitive sanctions for being involved in a construction project on the peninsula, as it is outside of Ukraine’s jurisdiction.
The Russian Federal Road Agency authorized the construction of the 19-kilometer (11.8-mile) bridge in February. It is expected to open in December 2018 and will become the longest bridge in Russia.
