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"These [sanctions] affected about a quarter of German companies conducting activities abroad," Treier stated, as quoted by Rheinische Post.
The most affected are the companies that have business interactions with both Russia and the United States, since their activities now have to undergo numerous checks because of the sanctions, he added.
"Business contacts of German companies conducting activities in Russia and the United States. They have to go through checks to determine whether they comply with various sanctions of the United States and European Union," Treier said.
The United States and the European Union have already imposed packages of targeted sanctions against dozens of Russian officials and companies in response to the country's reunification with Crimea and Moscow's position toward the situation in Ukraine.
The Russian Foreign Ministry has repeatedly stated that the language of sanctions is counterproductive to all parties and could have a boomerang effect on European economies.
Comment: Child labor is actually pervasive in developing countries, thanks to economic imperialism aka globalization practiced by the US. Rather than condemning the legislation, perhaps we should look at facts on the ground and ask what makes it necessary in the first place because such a situation is fast becoming a reality in Western countries.