Sanctions have been imposed by the G7 countries, EU and other countries on the Russian Federation in a bid to force Russia to stop funding, arming and supplying weapons to terrorists in the east of Ukraine and to de-escalate the conflict.
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Tag: trade wars
The impact of the EU, USA and other countries’ sanctions on the Russian economy
The EU has made a decision to introduce third-tier sanctions against Russia. The sanctions relate to the energy and finance sectors, military and dual-purpose products (Council Regulation (EU) No 833/2014)[1].Sanctions are effective for a period of one year with the possibility of reconsideration af