Double-edged sword

“Ukraine is transit for Russian gas to Ukraine. The political crisis hit the Russian GazProm most of all. The Russian ruble will continue falling during the coming days. This is a very serious challenge and will affect Russia’s economy,” told our newspaper Andrey Suzdaltsev, Deputy Dean of the Russian State University’s school of international economics, expert of European and International Research Center.

Concerning potential sanctions against Russia he said that such scenario cannot go too far. The expert believes Russia’s role in the international economy is significant as its annual investment amounts $700 billion and there are many international companies in Russia.

“It is very difficult to imagine how such sanctions will be accepted and what consequences may be. A federal delegation has left for the United States to negotiate as the US is the largest importer of poultry meat into Russia. Russia is a large market for dairy products of western companies. Economic sanctions are like a double-edged sword for the international community.”