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2014-09-18 18:10:00

SANCTIONS: GUERILLA WARFARE

SANCTIONS: GUERILLA WARFARE

Efforts to reach a peace deal between Ukraine and Russia continue. But western businesses are finding themselves hit increasingly hard by Russia-related sanctions – from both sides.

Since the US and EU moved to "sectoral" sanctions in late July – to target not just cronies of President Vladimir Putin but whole sectors of Russia's economy – western businesses have been suffering collateral damage.

Banning some of Russia's largest state-controlled banks, oil companies and defence contractors from raising western financing has hit the fee income of western banks. This effect has been exacerbated by "self sanctions",…

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Tags: RUSSIA, SANCTIONS, US, EU, OIL, EXXON,

Chronicle:

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SHAKY INDIA'S LNG

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UAE RENEWABLE ENERGY

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