Thursday 25 September 2014

EconoMonitor : EconoMonitor » What Went Wrong? #Russia Sanctions, EU, and the Way Out

EconoMonitor : EconoMonitor » What Went Wrong? Russia Sanctions, EU, and the Way Out:



"Without a diplomatic solution, the sanctions against Russia will have an adverse impact on its economy, but could also push Europe to a triple-dip recession. 



Last March – after months of escalation in the Crimea and Eastern Ukraine – President Obama initiated sanctions against Russia in financial services, energy, defense and related materials sectors.



New sanctions ensued in July, when Washington launched unilateral restrictions targeting powerful interests in Russia’s financial, energy, and military technology sectors. After Malaysia Airlines Flight 17 was shot down in Ukraine and 300 people perished, Brussels joined in the sanctions against Russia."



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