EXTERNAL EXPANSION LIMITED

EXTERNAL EXPANSION LIMITED
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Monday 18 August 2014

Russian sanctions start to bite as growth forecasts are downgraded

Lending restrictions are not causing immediate panic but, with food shortages and price rises, the winter outlook is grim.
Six months after the confrontation over Ukraine first blew up, the damage is starting to be counted in dollars, euros and roubles. And as Russian foreign minister Sergei Lavrov met his counterparts from Ukraine, Germany and France, he will have been aware that it is Russia that has most to lose from a protracted economic stand-off with the west....
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