Tag Archive: Ruinous or Not


on July 11, 2016 in World News

Ruinous or Not, Washington Insists Europe Maintain Anti-Russian Sanctions

European economists have calculated that anti-Russian sanctions have cost European businesses a cool $60 billion in lost earnings between early 2014 and June 2015. Meanwhile, the White House has effectively told Europe that despite economic losses, Europeans should suck it up and continue to support the sanctions regime. Last week, US Deputy National Security Advisor Ben Rhodes told reporters that the White House is concerned that Russia may be trying to promote divisions within Europe, as well as divisive attitudes toward the United States. “There have been some efforts from Russia to essentially try to sow some discord or dissention within Europe,” Rhodes said, adding that Moscow has...

European economists have calculated that anti-Russian sanctions have cost European businesses a cool $60 billion in lost earnings between early 2014 and June 2015. Meanwhile, the White House has effectively told Europe that despite economic losses, Europeans should suck...

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