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(Recasts, adds data, head of Germany's Eastern European relations lobby group)
Cordes said Germany had done an excellent job in trying to push for dialogue to ease the conflict, and he praised the EU's moves for sending a signal whilst still leaving space and time for diplomatic moves.
The poll showed Merkel's approval rating rising two points Nike Roshe Run Id Ideas to 71 percent but she has been overtaken by Frank Walter Steinmeier, her Social Democrat (SPD) foreign minister, whose approval rating rose 4 points to 74 percent.
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industry wary of economic sanctions against Russia
By Gernot Heller
Eckhard Cordes, head of Germany's Committee on Eastern European Economic Relations, told Reuters: "We feel a clear sense of unease and the fear that the crisis will worsen, bringing with it a spiral of sanctions which will have a massive impact on the economy."
While the United States has introduced first sanctions against Russia by ordering visa bans and asset freezes, the EU, Russia's biggest economic partner and energy customer, adopted a three stage plan to try to force a negotiated solution, stopping short of immediate sanctions.
for imposing economic sanctions on Russia, although it supported the new government in Kiev.
The most serious East West confrontation since the end of the Cold War resulting from the overthrow last month of Ukrainian Pesident Viktor Yanukovich after violent protests in Kiev escalated on Thursday when Crimea's parliament, dominated by ethnic Russians, voted to join Russia.
Some 6,200 German firms are active in Russia, and have invested 20 billion euros in the country, while 300,000 German jobs are dependent on trade with Russia, Cordes said.
38 percent of those polled said they favoured economic sanctions against Russia, while 72 percent supported financial aid for the Ukrainian government.
An opinion poll published on Friday showed the German public also had little appetite Nike Roshe Run For Men
He has been at the forefront of the shuttle diplomacy between Kiev and Moscow, while Merkel has worked the phones with Putin. (Reporting by Stephen Brown and Gernot Heller; Editing by Noah Barkin and Erik Kirschbaum)
BERLIN, March 7 (Reuters) A German business group says the imposition of economic sanctions on Russia should the Ukraine crisis worsen would have a huge effect on the global economy.
The survey also suggests public support for Chancellor Angela Merkel's stance. She has been cautious about imposing anything but symbolic sanctions on Russia as she tries to convince Putin to agree to a "contact group" that would reopen communications between Moscow and Kiev.
Only 15 percent of those polled thought Moscow a reliable partner and three quarters were of the view that Putin himself was not trustworthy.
for broadcaster ARD and the newspaper Die Welt, only Nike Roshe Run Mens Grey Green
Germany is also reliant on Russian energy, and obtains 40 percent of its gas imports from Russia and a third of its oil, although gas stores are well stocked after a mild winter.
The region's government set a referendum for March 16 in just nine days' time. President Barack Obama over Moscow's military intervention in Crimea, saying Russia could not ignore calls for help from Russian speakers there.
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