Monday, September 1, 2014
Europe's Russian Connections
Everyone mentions the conflict in Ukraine as one of the major problems in the European economy. The details about the connections between Russian and the rest of Europe are not often made explicit. This article describes the web of relationships between Russia and Europe. The countries most affected by the conflict are Eastern European economies that export to Russia and are dependent upon Russian imports. Dependence upon Russian energy and raw material imports is fairly well understood but many banks in Europe are also dependent upon relationships with Russia.
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