Putin at a government meeting. Yahoo/Reuters
Russia fires back at EU sanctions with sanctions of their own. Yahoo/Reuters. The European Union has imposed sanctions on the Russian oil and weapons as well as banning Russian banks from raising capital in EU markets. Eight Russian civilians had their overseas assets frozen. Russia has, in response, banned some fruit and vegetable imports from Poland and may extend the ban to all of the EU. The EU has been reluctant to impose sanctions on the Russians due to the importance of trade and the dependence of Russian natural gas.
My Comment:
Russia is far more able to absorb these sanctions then the EU is. The fruit ban on Poland is really going to hurt them because over half of their exports are to Russia. And all Putin has to do cut off natural gas supplies to bring the EU to their knees. This is a dangerous game for the EU since Putin has all the cards. American sanctions are probably less effective, but cost America little to nothing. Either way, Putin isn't going to care too much.
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