E.U Shot Itself in Foot on Russian Sanctions

Discussion in 'General Trading Discussion' started by Casper, Aug 15, 2014.

  1. moneyman

    moneyman Well-Known Member

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    Especially sanctions in Russian's import is bad for agriculture and it affects the whole European union area. In my opinion EU didn't think this long enough.
     
  2. Rainman

    Rainman Senior Investor

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    The EU has consistently made bad decisions. Of course the sanctions were not the best move they'd make but what else could they have done to show that Russia's invasion of Ukraine was illegitimate? I think the EU did what they thought was best at that time but unless the sanctions are lifted fast then both the EU [members] and Russia will lose a lot.
     
  3. moneyman

    moneyman Well-Known Member

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    I totally agree with you. However, most of the sanctions have been lifted off already and that's good thing since those sanctions would have had a really negative effect on agriculture and general economy of my country.
     
  4. cameronpalte

    cameronpalte Well-Known Member

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    While the EU has hurt themselves from this I do think that something had to be done against Russia and they didn't really have many potential options to handle the threat posed by russia.
     
  5. Gelsemium

    Gelsemium Senior Investor

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    Everyone loses with the sanctions, only Russia wins because they own now a whole new country and all their natural resources...
     
  6. BudFox

    BudFox Well-Known Member

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    Latest news seems to be that the markets are fearing deflation throughout the Eurozone. It seems that sanctions on Russia are impeding any growth in the Eurozone and that it will spread to other economies. If you think inflation is bad watch when deflation takes hold (see Japan for the last 10 years for a reference point)
     
  7. Gelsemium

    Gelsemium Senior Investor

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    Europe doesn't depend exclusively on Russia, so I am optimistic in that concern, but the fact is that Russia made a strange choice and now has to pay for it.
     
  8. jeekqing

    jeekqing New Member

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    well ,it is a good post ,i am sue you are a talent


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  9. crimsonghost747

    crimsonghost747 Senior Investor

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    Well seeing as the thread was brought back up, I might as well throw in a word or two.

    First of all, it's the economic sanctions that RUSSIA put on Europe that are affecting countries such as Poland and Hungary. Now of course these sanctions came as a response to the ones the EU put on Russia. That being said: can you guys now see (a couple of months later) what the effect of the sanctions is for Russia? Take a look at the ruble. Take a look at their stock index. Now most of this jumped up with the decrease of the oil price since that is a big part of Russian economy... but the fact that Russian banks and oil companies can't get funding from the west does play a big part in the slump Russia finds itself in.

    Also I really hate how these poor eastern european countries try to blame it all on the EU. "Ohh noes Russia replied with sanctions of their own and now I'm going bankrupt because 99% of my exports is potatoes!" Not that western europe is in a good financial situation, but at least their economy is somewhat diversified.

    The question I have for these eastern european leaders is: If Russia invades Ukraine and no one lifts a finger, then what is there to stop Russia (who is not exactly known for their kind and symphatetic foreign policy) from invading the next country? Now we don't need to be too smart to realize that the next country would also be eastern european... and I have a difficult time believing they would be against these sanctions when it was their own country being invaded. Long story short, something had to be done and economic sanctions sure as hell were a better option than a proxy war.
     
  10. Gelsemium

    Gelsemium Senior Investor

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    That's right, when we speak about the economic sanctions on Russia we cannot forget that many other countries are losing, I just wonder what Russia has to win to keep up with all this.
     

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