Russian Trade and Economic Sanctions Draw Even Closer

March 14, 2014

Trade and economic sanctions against Russia now look unavoidable unless diplomatic efforts can be revived. As such, it is now an important opportunity for companies to assess, and to start thinking about possible plans to manage, their exposure to any measures that may ultimately be implemented by the European Union or United States.

While the U.S. administration has, up until now, appeared more decisive on its intention to introduce trade and economic sanctions in response to rising tensions between Russia and Ukraine, the EU has until recently been more cautious due to the political and economic implications for its Member States, including the region’s reliance on Russian gas. However, the EU is now moving past its initial reluctance and comprehensive measures, implemented on both sides of the Atlantic, seem likely.

Read "Russian Trade and Economic Sanctions Draw Even Closer"