<u+00ab> reply #505 on: july 03, 2016, 02:27:26 pm <u+00bb> russia: eu prolongs economic sanctions by six months http://www.consilium.europa.eu/en/press/press-releases/2016/07/01-russia-sanctions/ how far do eu-us sanctions on russia go? http://www.bbc.com/news/world-europe-28400218 sanctions after crimea: have they worked? (from the horse<u+0092>s mouth) http://www.nato.int/docu/review/2015/russia/sanctions-after-crimea-have-they-worked/en/index.htm by edward hunter christie nato<u+0092>s defence economist eu total change to exports to russia (eur mn) -8,652 eurostat trade statistics; 2015q1 compared to 2014q1. biggest loser is germany with (eur mn) -2,566 followed by italy with (eur mn) -668 . european economies are affected by the sanctions and by russia<u+0092>s current recession principally through trade , i.e. by losses in export revenues.losses are caused:<u+0096> directly by western sanctions (exports of oil-producing equipment and of military and dual-use goods);<u+0096> directly by russia<u+0092>s food import ban;<u+0096> and indirectly due to russia<u+0092>s recession and lower exchange rate, which together lead to much lower demand for imports (from anywhere in the world).the latter, indirect effect is by far the largest, but it can only be partly attributed to western sanctions <u+0096> the lower oil price remains the dominant driver according to leading analysts. logged
u.s. stuck with nobody left to sanction in russia over syria
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