The US is considering imposing new sanctions on the Nord Stream 2 natural gas pipeline from Russia to Germany. The expanded sanctions would impact all pipeline laying activities and companies that provide insurance, port...
After the collapse of oil price and imposition of international sanctions 5 years ago, the Russian RUB hit the rock bottom. Since December 2014, the Russian currency has seemed to be caught in a never ending downward spiral,...
The sanctions imposed on Russia by the Unites States, Canada, Norway and other Western countries, following the occupation of Crimea, did not in principle prevent the maintenance and expansion of economic relations between Russia...
In recent times, the transatlantic rift has been most visible in the discussions about two foreign policy issues: the re-imposition of sanctions on Iran and the pipeline project connecting Russia and Germany, known as Nord Stream...
Due to the new wave of the US sanctions Russia’s currency fell to its lowest USD value in almost two years. Similarly, the Russian stock market suffered some heavy losses.
On June 4th, Russian President Vladimir Putin signed a counter-sanctions legislation titled “On measures of influence (counteraction) on unfriendly actions of the United States of America and (or) other foreign states”.
Sanctions imposed on Russia so far have cost Russia a loss of annual GDP growth of 1-1.5 percentage points. New sanctions may lead to further losses reaching 0.7-0.8 percentage points.