EU leaders may impose a new round of sanctions against Russia at Wednesday’s summit, including blocking trade and investment in Russia and Crimea, according to media sources that have obtained a copy of a draft statement.
There is a huge risk for the EU that Russia continues its pivot process that is already seen in terms of oil and gas pipelines and general trade as Russia switched to China, South Korea and Japan, expert on global financial markets Patrick Young told RT.
France, Germany, and Italy are among EU members who don’t want to follow the US lead and impose trade sanctions on Russia. US sanctions are seen as a push to promote its own multibillion free-trade pact with Europe.
The West is now starting to move to its final decay, with the Russia-China alliance becoming stronger, offering Latin America and other regions a multipolar model of the world, author and international consultant Adrian Salbuchi told RT.
The US mixes trade with politics using the dollar as a weapon in sanctions against Iran and Russia, trying to restrict these nations’ access to the US dollar, which creates mass imbalances, Chairman of the Bruges Group think tank, Robert Oulds, told RT.
SodaStream, which has its main factory in the West Bank and makes home carbonation products, has closed its EcoStream shop in Brighton and one of Britain’s biggest retailers John Lewis will no longer stock its products after two years of protests.
If Russia wants to raise tariffs on Ukrainian imports or even ban products completely, it first needs the support of its Customs Union partners. If it doesn’t get it, it may act alone, says Deputy Prime Minister Igor Shuvalov.
Ukraine has signed the European Trade Association Agreement, the document that sent the country into a political frenzy when not signed eight months ago to this day. RT gives you the basics on how this will affect the economy of both from here on out.