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US Companies Left Out in Russia as EU, Asia Ignore Sanctions

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from Wolf Street:

In a previous article on Oilprice, I questioned whether western sanctions imposed on Russia were being regularly breached by E.U. and Asian companies, noting that sanctions only work if all countries unite behind them.

In June, the Financial Times reported that only one year after being imposed, the sanctions are eroding. It seems that government and business policies are pulling in opposite directions, despite the sanction regime being clear on the activities that are banned, as explained by Forbes:

Read More @ Wolfstreet.com

image: strataforum.org

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