February 28th, 2019

The impact of anti-Russian sanctions on Western companies

The impact of anti-Russian sanctions on Western companies

27.02.2019 18:23

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Starting in  2014 the United States and  the European Union countries have applied a  number of sanctions to the  Russian Federation. Firstly, that was done  because of the annexation of  the Crimea by Russia. Secondly, because of  the events in Donbas and a  number of other additional reasons. Of  course, such a pressure can not  pass without the consequences.

In the  modern economy there were vivid  examples when large states came under  pressure and found themselves in  rather difficult circumstances. For  example, Venezuela, Cuba, Iran, and  some other Latin American countries.  Venezuela is a very resource-rich  country. Income from the sale of oil  could bring the standard of  living to the European level. But in  practice, the country cannot  resolve its own economic problems under  pressure and loses money.

The  anti-Russian sanctions, coupled  with oil prices fall seriously shook the  financial system of the  country. Any person suffers increase of prices  for goods, food  products, especially imported. The gasoline price is  also rising, as  well as the cars themselves because they are produced  abroad. And even  if the automobiles are made in the Russian Federation,  then the  factories, involved in their producing, belong to the  foreigners who  are losing money because of the ruble weakening.  Consequently, capital  outflow is beginning.

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The militarization of the Arctic: is it a threat to global security?

In the modern  world, the Arctic region is becoming a zone of long-term geopolitical  rivalry. At the same time, Western states show less willingness to  compromise in defending their national interests. NATO activities in the  Arctic lead to a reconfiguration of security relations and create new  challenges and opportunities.

For the first time since the  end of the Cold War, the Arctic has been defined by NATO as a  strategically important region that requires constant attention, new  approaches and solutions. A modern comprehensive approach to security  has led to the expansion of the boundaries of NATO engagement beyond the  North Atlantic region. NATO countries are developing actively national  Arctic strategies formulating the basic principles for establishing  state policy in the Arctic.

The number of military exercises in  the Arctic zone involving foreign countries is growing. Furthermore, the  activity of the United States, Canada, Denmark, and Norway exceed even  the level of it during the Cold War.

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