US steps up sanctions on Russia

Last week, the day before Malaysian Airlines flight MH17 was shot down over Ukraine, America imposed further sanctions against Russia over its support for separatists in the region. Various Russian energy, defence and financial companies were effectively stopped from raising money on international markets. But so far Russian markets have largely shrugged off the threat. Europe has been less keen on sanctions – 30% of Europe’s gas imports, and 24.5% of its petroleum imports, stem from Russia. Along with the potential damage to lucrative trade ties, this helps to explain Europe’s timidity so far, says The Daily Telegraph’s Con [...]

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