This article is about how sanctions are being placed on Russia by the United States and the European Union. These were put up after the recent and ongoing tension over Crimea in Ukraine. The sanctions are worth 1.5 Billion dollars to stop U.S. businesses from selling their products to Russia. It is meant to persuade Russia into stopping its actions in the Ukraine conflict and stop them from taking Crimea. This is going to hurt Russia and will also backfire by hurting the U.S. businesses. All businesses involved are losing money due to the restrictions and this means that prices will rise due to the lack of profits. It is going to hurt everyone's economy if they are involved.
Works Cited
Skove, Sam. "U.S. Ceases Issuing Export Licenses on Some Goods Destined for Russia | Business | The Moscow Times." The Moscow Times. The Moscow Times, 28 Mar. 2014. Web. 28 Mar. 2014. <http://www.themoscowtimes.com/business/article/us-ceases-issuing-export-licenses-on-some-goods-destined-for-russia/496995.html>.
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