Russia Sanctions: “Biting” or Toothless?

3

by Bowyer Research

Background:

• The US sanctions of July 16th primarily targeted the ability of Russian companies to raise capital denominated in US dollars. Targeted companies will not have access to US capital markets for loans with 90-day or longer maturities.

• The American sanctions do not completely forbid American firms from doing business with targeted Russian counterparts, and President Obama stated that the sanctions were designed to minimize damage to U.S. companies.

• The European Union and U.S. sanctions of July 29th are more severe than the actions taken on July 16th. They ban major Russian banks from selling equity and selling long-term debt in European markets. There is also an embargo on any new deals for arms and weaponry between Russian and European entities; existing arms deals will not be affected.

Continue Reading at AffluentInvestor.com

Posting Policy
We have no tolerance for comments containing violence, racism, vulgarity, profanity, all caps, or discourteous behavior. Thank you for partnering with us to maintain a courteous and useful public environment where we can engage in reasonable discourse. Read more.

Trending on Liberty Alliance

STAY IN THE LOOP
Don't miss a thing. Sign up for our email newsletter to become a Liberty Alliance insider.