The Russian business world is braced for the European Union's unfurling of a fresh round of economic sanctions on Friday, with analysts predicting that Russia's $2 trillion economy will be squeezed even tighter while its companies face isolation from international markets. The Russian business world is braced for a fresh round of economic sanctions due to be announced by the European Union on Friday that analysts and economists said would further squeeze Russia's $2 trillion economy and isolate Russian companies from international markets. A peace plan sketched out by President Vladimir Putin appears not to have deterred EU leaders from their intention to act against what they allege has been a full-scale Russian military incursion into eastern Ukraine in support of separatists fighters battling Kiev.
Ambassadors from the EU's 28 member states discussed new proposals against Moscow on Wednesday ahead of a Friday deadline for agreeing new sanctions. While the European Commission has said merely that measures will touch on "access to capital markets, defense, dual-use goods and sensitive technologies," leaked reports have given a much clearer picture of what will be targeted. Dramatic consequences from Friday's likely announcement are unlikely, but the sanctions will have serious consequences over the medium and long term, experts said.
Rotterdam, 04/09/2014-INC News
No comments:
Post a Comment