Friday 29 August 2014

Europe′s approach to Russia′s gas power | Business | DW.DE | 28.08.2014

Europe′s approach to Russia′s gas power | Business | DW.DE | 28.08.2014:



"The Ukraine crisis has led to a rift between the West and Russia, with both sides imposing sanctions against each other. However, Russia's gas exports have so far remained untouched - for a number of reasons.



The sanctions imposed by the West are taking a toll on Russia, where the economy is now estimated to be growing by only 1 percent, half earlier forecasts, Russia's economy ministry announced earlier this week.



According to the ministry, the crisis in Ukraine is the reason for the drop in the pace of Russia's economic expansion. Moscow has also responded to the sanctions by announcing countermeasures that include a ban on Western food imports."



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