Economic bridges continue to burn in the US-Russia sanctions standoff, with the latest casualty being US firm Applied Materials, which can no longer export IT equipment to Russia’s nanotechnology giant Rusnano.
The "right steps” politicians in the West and Russia are now taking against each other are very similar to what was happening before World War I, Latvian MEP Andrejs Mamikinsh warned EC President Jose Manuel Barroso in a letter Tuesday.
All operations on Russia’s Gazprom-led project South Stream have been suspended, as they do not meet the requirements of the European Commission, Bulgaria’s Ministry of Economy and Energy said on its website.
Ecuador doesn’t need anybody’s permission to export agricultural products to Russia, which now has a big gap that needs to be filled after it banned supplies from a number of western countries, said President Rafael Correa.
Ukraine’s Parliament has approved the first reading of an anti-Russian sanctions package that includes 29 measures that are said to be “an efficient reaction to potential threats to national interests and security.”
Italian oil refiner Saras has confirmed its joint venture projects with Russia’s largest oil company Rosneft has not ended. The company said it expects the deal to sell oil, and begin refining operations together will be delayed, not canceled.