The European Union and the United States are
tightening sanctions against Russia, targeting its energy,
banking and defence sectors in the strongest international
action yet over Moscow's support for rebels in eastern
Ukraine.
Below are recent comments and decisions showing the
impact on European companies of the Western sanctions
and Russia's retaliatory measures:
* Rheinmetall slashed its 2014 operating profit target after
the German government withdrew its approval for a
contract with Russia and the group shifted some of its
automotive business to a joint venture.
* Russia will ban all imports of food from the United States
and all fruit and vegetables from Europe, the state news
agency reported on Wednesday.
* Shares of Norwegian fish farmers fall sharply on
Thursday over fears that Russia, their biggest market, will
ban imports as part of its planned sanctions against
Western states.
* Commerzbank is not expecting to face major losses from
its Russia-related business, which may be affected by the
EU sanctions, Chief Financial Officer Stephan Engels said.
* German airport operator Fraport said the crisis in Russia
and the prospect of further sanctions being imposed has
led to considerable uncertainties regarding its stake in St.
Petersburg airport.
* UniCredit, the banking market leader in central and
eastern Europe, said the sanctions would have only a
"marginal" impact on its business there. Its regional
subsidiary Bank Austria forecast solid profits in Russia
despite the sanctions, thanks in part to its ability to raise
money locally, though it warned of lost opportunities.
* Russia's prime minister threatened to retaliate for the
grounding of a subsidiary of national airline Aeroflot
because of the EU sanctions, and one newspaper said
European flights to Asia over Siberia could be banned.
* A low-cost airline run by Russian national carrier
Aeroflot, Dobrolyot (Good Flight), said it would suspend
all flights after its plane lease agreement was cancelled
when the EU slapped sanctions on Moscow.
* Daimler has seen booming growth in the Russian auto
market weaken due to the Ukraine crisis, Chief Executive
Dieter Zetsche told Germany's Bild am Sonntag newspaper.
* Part-nationalised British lender Royal Bank of Scotland
said it had placed restrictions on its lending in Russia
following developments in Ukraine.
* Adidas, the world's No.2 sportswear firm, cut its revenue
and profit targets for this year and scrapped them for next
year, blaming a plunge in sales at its golf business and its
exposure to a weak Russian market.
* The head of Russia's second-largest oil producer, Lukoil,
said the sanctions would force the company to reduce its
investments due to limited access to funds.
* Russian mobile phone operator Megafon said it
converted its foreign currency deposits into roubles and
Hong Kong dollars to protect against any further sanctions.
* Italy's Enel is not considering the sale of its Russian
assets at the moment, the utility's CEO Francesco Starace
said. "It is not wise to sell assets in Russia at this moment,"
Starace said in a conference call.
* German retailer Metro AG said conditions were still not
right to list a stake in its Russian cash-and-carry business,
which was postponed in March due to the Ukraine crisis.
* French oil major Total said it had stopped buying shares
in Russia's Novatek when a Malaysian airliner was shot
down over Ukraine, but it was still too early to gauge the
impact of the sanctions.
* Oil and gas producer BP reported a sharp rise in second-
quarter profits but warned further Western sanctions on
Russia could harm its business there and its relationship
with Russian state oil company Rosneft.
* More than 25,000 jobs are at risk in Germany following
the fresh sanctions, the German Committee on Eastern
European Economic Relations said. "Further damage is
looming for the European and especially the German
export industry. More than 25,000 jobs are in danger in
Germany alone," it said

www.reuters.com/article/idUSKBN0G70OR20140807?irpc=932

ochejoseph: The European Union and the United States are
tightening sanctions against Russia, targeting its energy,
banking and defence sectors in the strongest international
action yet over Moscow's support for rebels in eastern
Ukraine.
Below are recent comments and decisions showing the
impact on European companies of the Western sanctions
and Russia's retaliatory measures:
* Rheinmetall slashed its 2014 operating profit target after
the German government withdrew its approval for a
contract with Russia and the group shifted some of its
automotive business to a joint venture.
* Russia will ban all imports of food from the United States
and all fruit and vegetables from Europe, the state news
agency reported on Wednesday.
* Shares of Norwegian fish farmers fall sharply on
Thursday over fears that Russia, their biggest market, will
ban imports as part of its planned sanctions against
Western states.
* Commerzbank is not expecting to face major losses from
its Russia-related business, which may be affected by the
EU sanctions, Chief Financial Officer Stephan Engels said.
* German airport operator Fraport said the crisis in Russia
and the prospect of further sanctions being imposed has
led to considerable uncertainties regarding its stake in St.
Petersburg airport.
* UniCredit, the banking market leader in central and
eastern Europe, said the sanctions would have only a
"marginal" impact on its business there. Its regional
subsidiary Bank Austria forecast solid profits in Russia
despite the sanctions, thanks in part to its ability to raise
money locally, though it warned of lost opportunities.
* Russia's prime minister threatened to retaliate for the
grounding of a subsidiary of national airline Aeroflot
because of the EU sanctions, and one newspaper said
European flights to Asia over Siberia could be banned.
* A low-cost airline run by Russian national carrier
Aeroflot, Dobrolyot (Good Flight), said it would suspend
all flights after its plane lease agreement was cancelled
when the EU slapped sanctions on Moscow.
* Daimler has seen booming growth in the Russian auto
market weaken due to the Ukraine crisis, Chief Executive
Dieter Zetsche told Germany's Bild am Sonntag newspaper.
* Part-nationalised British lender Royal Bank of Scotland
said it had placed restrictions on its lending in Russia
following developments in Ukraine.
* Adidas, the world's No.2 sportswear firm, cut its revenue
and profit targets for this year and scrapped them for next
year, blaming a plunge in sales at its golf business and its
exposure to a weak Russian market.
* The head of Russia's second-largest oil producer, Lukoil,
said the sanctions would force the company to reduce its
investments due to limited access to funds.
* Russian mobile phone operator Megafon said it
converted its foreign currency deposits into roubles and
Hong Kong dollars to protect against any further sanctions.
* Italy's Enel is not considering the sale of its Russian
assets at the moment, the utility's CEO Francesco Starace
said. "It is not wise to sell assets in Russia at this moment,"
Starace said in a conference call.
* German retailer Metro AG said conditions were still not
right to list a stake in its Russian cash-and-carry business,
which was postponed in March due to the Ukraine crisis.
* French oil major Total said it had stopped buying shares
in Russia's Novatek when a Malaysian airliner was shot
down over Ukraine, but it was still too early to gauge the
impact of the sanctions.
* Oil and gas producer BP reported a sharp rise in second-
quarter profits but warned further Western sanctions on
Russia could harm its business there and its relationship
with Russian state oil company Rosneft.
* More than 25,000 jobs are at risk in Germany following
the fresh sanctions, the German Committee on Eastern
European Economic Relations said. "Further damage is
looming for the European and especially the German
export industry. More than 25,000 jobs are in danger in
Germany alone," it said

www.reuters.com/article/idUSKBN0G70OR20140807?irpc=932

This is like cutting the nose to spit the face. Europe may not triumph over Russia.

Europe will suffer, Germany is crying already LMAO

This is just the beginning for Europe, when they were throwing sanctions, they were so happy doing it

And if Russia stops European flights goin towards Asia through it airspace then Eutopean flights will have to burn more fuel.

And if Russia stops supplying gas and fuel to Europe then BOOM!

Putin the most powerful leader! I hail

Greece is already considering if they are going to pull out from the EU sanction. Both parties will suffer and this sanction and counter sanction wil definitely but a knife on European unity. We are watching. Soon the bomb and bullet will start flying.

Putin is a very smart man. A chess master!!! While the west were busy shouting, putin was biding his time.

i want 2 watch a foreign movie wia russia will lash usa deligently...God bless Russia!!!

smackimorn:

Europe will suffer, Germany is crying already LMAO



And if Russia stops supplying gas and fuel to Europe then BOOM!

Putin the most powerful leader! I hail

abi ooo. Especially gas, now that winter is just some few weeks away.

I love the game played by both parties, it is quite interesting.

The game sweet die.. European leaders ain't so smart. They can't and I repeat can't follow the footsteps of USA.. United States is over 70% self sufficient. No EU country can boast of that.

at the end america will export ebola to russia

henchamb: at the end america will export ebola to russia

. Lol

IjogzK: The game sweet die.. European leaders ain't so smart. They can't and I repeat can't follow the footsteps of USA.. United States is over 70% self sufficient. No EU country can boast of that.

Another un-informed individual - 70% self sufficient !!!

[img]http://1.bp..com/_otfwl2zc6Qc/TQWl8UsaCuI/AAAAAAAAOuA/LkdxeTbfABI/s1600/imports.jpg[/img]

This is just part of the data, you also need to look at US consumption with is related to population growth and income

[size=18pt]http://rt.com/tags/russian-economy/[/size]

Western Europe over reliance on Russia is going to hurt Europe for a long time....

This one na gobe

This is our time. If Africa can just take the market opportunities created by Russia.

jdilight: This is our time. If Africa can just take the market opportunities created by Russia.

I'm thinking in that direction, but can Africa make it? America's desperation to control the world will lead to their down fall. They have cheaply fall into Russia's trap. With this, Russia is one breath away from dethroning America as world leader if they can squeeze majority of European Union to submission.

jpphilips: What is Mackel benefiting from the US exactly?

I wonder ooo!

LoveDecay:

Another un-informed individual - 70% self sufficient !!!

[img]http://1.bp..com/_otfwl2zc6Qc/TQWl8UsaCuI/AAAAAAAAOuA/LkdxeTbfABI/s1600/imports.jpg[/img]

This is just part of the data, you also need to look at US consumption with is related to population growth and income

[size=18pt]http://rt.com/tags/russian-economy/[/size]

If you gonna quote it, please quote it right.

The economy of the EU is so intricately woven.

Ordinary Greece almost dragged back EU into recession.

What more of Russia, a falling Russia will invariably drag the EU back into recession and eventually the US and the rest of the world.

Apart from perhaps Africa whose economy for now is less globalized and" recession proof".

That is why the scramble for investment is on in Africa.