World press on sanctions against Russia (August 4, 2014)

 

World press on sanctions against Russia (August 4, 2014)"Russia Scoffs At Sanctions, But Economy Feeling The Pain" is an article which featured today in Forbes. "The latest sanctions are the most punishing since. And while Russian leaders continue to scoff at them, the economy will eventually feel the pain, the International Monetary Fund warns. 'Given that about half of Russian gas exports to Europe go through Ukraine, disruption of gas delivery to Europe could have an impact on Russia' says Antonio Spilimbergo, an economist and Russia mission chief for the IMF . 'Lingering uncertainties about the situation in Ukraine could undermine the confidence of consumers and investors in Russia, which would further affect domestic consumption and investment.' Russian equities as tracked by the Market Vectors Russia (RSX) exchange traded fund are down 11% in the last month following a similar sized rally post-annexation. Russian equities may have further to fall before investors start buying up undervalued stocks again," the article reads.

"Russia Scoffs At Sanctions, But Economy Feeling The Pain" is an article which featured today in Forbes. 
"The latest sanctions are the most punishing since. And while Russian leaders continue to scoff at them, the economy will eventually feel the pain, the International Monetary Fund warns. 'Given that about half of Russian gas exports to Europe go through Ukraine, disruption of gas delivery to Europe could have an impact on Russia' says Antonio Spilimbergo, an economist and Russia mission chief for the IMF . 'Lingering uncertainties about the situation in Ukraine could undermine the confidence of consumers and investors in Russia, which would further affect domestic consumption and investment.' Russian equities as tracked by the Market Vectors Russia (RSX) exchange traded fund are down 11% in the last month following a similar sized rally post-annexation. Russian equities may have further to fall before investors start buying up undervalued stocks again," the article reads.