Who sells, who buys, who suffers: Europe and the sanctions against Russia

The second episode of the miniseries economy and war. An ever-present question is the one concerning the asymmetrical effect of sanctions on Western economies

Ferruccio de Bortoli / CorriereTv

As we have seen the sanctions of the Union European to the Russia after the annexation of Crimea, they had little impact. We hope they will have it this time because there are so many too many quickly, especially of civilians, in the grip of an absurd war. But if a weapon however cheap it is perceived as checked ends give more lethal other weapons, the real ones. An ever-present question is what it concerns the asymmetrical effect sanctions on Western economies.
Moscow is the fifth partner the European Union but only accounts for 5 percent, while the European Union is the first among the sellers of me e services to Russia and covers one third of its needs. So the block should hurt more to the invaders which, however, they may have suppliers or purchase products Europeans from third party vendors. The triangulations they are easier than you think. A study calculated that German companies had no damage, in terms of turnover and employment, from all the embargoes decided from 2000 to 2014. Italy buys from Russia above all gas e Petroleum for 12 billion and sells for 7 based on data for the first eleven months of 2021. Three hundred companies are involved. And for some, just think about footwear manufacturers Marche, export more than 80 percent of production to Russians. I am more affected them of many others that the sanctions Europeans would like to strike.

Here is the link to the first episode: the ad effect counts

March 8, 2022 – Updated March 8, 2022, 9:19 pm

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