World press on sanctions against Russia (August 29 - September 1)Sanctions against Russia have remained in the focus of Western media, as the situation in Ukraine becomes worse."Russian Recession Risk Seen at Record High Amid Sanctions" is an article which feature in Bloomberg on August 28. "The chance of Russia’s economy tipping into a recession is rising as the escalating crisis in Ukraine raises the risk of the government in Moscow retaliating with further import bans, according to a survey of analysts," the article reads."The probability of a recession in the next 12 months rose to 65 percent from 50 percent, the highest since the first such Bloomberg survey in June 2012, according to the median estimate of 26 economists in the poll.""The standoff with the U.S. and its allies over Ukraine is capsizing Russia’s $2 trillion economy. The ruble weakened, inflation accelerated and capital flight quickened as the two sides exchanged salvos of sanctions. After the U.S. and the EU blacklisted some Russian individuals and businesses, President Vladimir Putin this month banned imports of some food products." On Saturday the Wall Street Journal published an article "EU Says Russia Must Scale Back in Ukraine or Face New Sanctions.""European Union leaders agreed late Saturday to draw up options within a week for possible new sanctions against Russia, with action to follow quickly unless Moscow takes clear steps to scale back its intervention in Ukraine.""With pro-Moscow rebels making fresh gains on the ground, a host of EU leaders said Saturday the deteriorating situation in eastern Ukraine necessitated an EU reaction. German Chancellor Angela Merkel said sanctions were inevitable if the situation doesn't improve significantly. 'Should the situation stay as we see it today, or should there be further escalation, sanction in the areas the commission has looked at up until this point, such as on the energy and financial sector, will be heightened,'" the article reads."U.S. Sanctions Not Effective Against Russia, Senators Say" is an entry which appeared in the blog of William Mauldin published with the Wall Street Journal yesterday. "President Barack Obama on Thursday ruled out U.S. military intervention in Ukraine and said U.S. intelligence shows sanctions are having an effect but didn’t provide details. U.S. officials have said some declines in Russian financial markets are linked to existing sanctions and threats of further penalties," the blog reads.
Sanctions against Russia have remained in the focus of Western media, as the situation in Ukraine becomes worse.
"Russian Recession Risk Seen at Record High Amid Sanctions" is an article which feature in Bloomberg on August 28.
"The chance of Russia’s economy tipping into a recession is rising as the escalating crisis in Ukraine raises the risk of the government in Moscow retaliating with further import bans, according to a survey of analysts," the article reads.
"The probability of a recession in the next 12 months rose to 65 percent from 50 percent, the highest since the first such Bloomberg survey in June 2012, according to the median estimate of 26 economists in the poll."
"The standoff with the U.S. and its allies over Ukraine is capsizing Russia’s $2 trillion economy. The ruble weakened, inflation accelerated and capital flight quickened as the two sides exchanged salvos of sanctions. After the U.S. and the EU blacklisted some Russian individuals and businesses, President Vladimir Putin this month banned imports of some food products."
On Saturday the Wall Street Journal published an article "EU Says Russia Must Scale Back in Ukraine or Face New Sanctions."
"European Union leaders agreed late Saturday to draw up options within a week for possible new sanctions against Russia, with action to follow quickly unless Moscow takes clear steps to scale back its intervention in Ukraine."
"With pro-Moscow rebels making fresh gains on the ground, a host of EU leaders said Saturday the deteriorating situation in eastern Ukraine necessitated an EU reaction. German Chancellor Angela Merkel said sanctions were inevitable if the situation doesn't improve significantly. 'Should the situation stay as we see it today, or should there be further escalation, sanction in the areas the commission has looked at up until this point, such as on the energy and financial sector, will be heightened,'" the article reads.
"U.S. Sanctions Not Effective Against Russia, Senators Say" is an entry which appeared in the blog of William Mauldin published with the Wall Street Journal yesterday.
"President Barack Obama on Thursday ruled out U.S. military intervention in Ukraine and said U.S. intelligence shows sanctions are having an effect but didn’t provide details. U.S. officials have said some declines in Russian financial markets are linked to existing sanctions and threats of further penalties," the blog reads.
