... Ferlenghi
, President of Confindustria Russia, the association of Italian businesses operating in the Russian Federation shares his views on current events and the future of Russian-Italian relations with RIAC.
Mr. Ferlenghi, in the light of the economic sanctions imposed by Western countries, how do you evaluate the current economic crisis in Russia?
In my opinion, this crisis is different from the one I witnessed in 1998. For the first time, not only difficult economic conditions such as the dramatic ...
... the Malaysian airplane MH17 in July 2014 marked a clear turning point in the context of the Ukrainian crisis. The EU leaders put aside their divisions and adopted a resolute approach on Russia for the first time. Russia’s partial isolation, the sanctions’ escalation and the crucial deterioration of the relation with the EU began with that.
More than a year has passed since then but tensions are far from ending. Amid Russia’s veto for setting up a UN backed tribunal prosecuting ...
That many in the EU countries don’t support the sanctions’ escalation with Russia should not come as a surprise. Besides their evident lack of effectiveness in changing Russia’s behavior, economic backlashes are convincing people that they might not be the most appropriate instrument, especially ...
On August 4 last year, Vladimir Putin responded to the latest round of sanctions levied against his regime by imposing a ban on the import of food products from the EU, the US, and their supporters. The disruption of commerce was worth approximately $12 billion to the Russian economy, with secondary effects in the targeted ...
Montenegro gets behind the anti-Russian sanctions
Montenegro’s position on the matter displays a certain duality. Since March 2014, the Montenegrin leadership has expressed its support of the sanctions imposed by the European Union on the Russian government and on individuals and organizations....
On July 14 Iran and its P5+1 negotiating partners agreed a "Joint Comprehensive Plan of Action" to resolve western concerns over the goals of Iran's nuclear programs. The deal marks the end of 36 years of western sanctions on Iran. Upon affirmation of the JCPOA by the full United Nations Security Council,
most sanctions
in force against Iran will be terminated.
The P5+1
consists of
the five permanent members of the Security Council plus Germany, which has supplied ...
... has asked one of the German prominent experts,
Andreas Metz
, Director of Communications in the Committee on Eastern European Economic Relations, to share his views on Russia-Ukraine-EU knot and to draw some parallels between Russia and Iran under sanctions.
Do you see any similarities between Iran under sanctions and Russia? How German business is doing in Iran?
I am not an expert on Iran but I know that it shows that sanctions don't work in the short run. And if you compare Iran to Russia, it ...
... security and business interests over Russia limits the West's success going forward vis-à-vis Moscow. Political differences continue to clash in Europe regarding Russia, despite the fact that EU foreign ministers unanimously extended sanctions against Russia through January 2016. But that level of coherence is even less visible in the business sector.
European and American companies, despite scaling back their exposure to the Russian market, have largely committed to maintaining ...
Just a few days ago the European Union has confirmed that the economic sanctions against the Russian Federation were extended for another year, or specifically up to 19th January 2016. Despite attempts to minimize the perceived impact of this policy on the economy of the EU in the eyes of the public opinion, the price being ...
... numerous problems that faced the Arctic Council as a result of changes in the global geopolitical situation. In 2014–2015 the Arctic became part of the Ukraine conflict.
In September 2014, the United States and the European Union imposed economic sanctions against Russia that banned ExxonMobil, Shell, BP and other European and U.S. companies from taking part in joint Arctic projects with Rosneft. This affected Russia’s opportunities to develop offshore resources. With the introduction of ...
