Sanctions On Russia

Russia deciding bank support measures as sanctions bite
DOW JONES NEWSWIRES SEPTEMBER 16, 2014 9:15PM

Russia's finance ministry and the country's central bank are discussing how to help the nation's banks overcome the current US dollar liquidity deficit, the deputy finance minister said Tuesday.

Speaking to reporters Alexei Moiseev admitted the problem exists but said it is the Bank of Russia's responsibility to find a solution.

"We see, naturally, some distortion on the (currency) swap market, which shows a structural deficit of dollars," he said. He declined to say what the central bank might do resolve the issue.

The Russian ruble Tuesday hit a new all-time-low against the dollar of 38.72 rubles, almost 0.9 per cent more than Monday.

Western sanctions against Moscow mean it is almost impossible for Russian companies and banks to borrow abroad, instead buying dollars on the foreign exchange market within the country, which is pushing down the value the ruble.

The Russian ruble has weakened by 16 per cent so far this year.

Russia is to big to sanction for too long for EU, I reckon...

EU unlikely to agree next week to prolong Russia sanctions

BRUSSELS - European Union leaders are unlikely to reach agreement at their summit next week to prolong economic sanctions on Russia that expire in July, a senior EU official said on Friday.

New sanctions on Russia are also off the table for now because EU governments want to give a chance to a fragile ceasefire in eastern Ukraine.

But some of the EU's 28 member states had pushed for an early decision on extending sanctions on Russia's financial, energy and defense sectors adopted in July last year over Russia's annexation of Crimea and support for separatists in eastern Ukraine.

While leaders will discuss sanctions at next week's summit, the senior EU official said a majority would probably want to hold over discussion of renewing the economic sanctions on Russia until July.
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http://www.todayonline.com/world/no-eu-u...s-official

even if europe ends the sanctions it's the relations that have turned cold it's going to take long long time to go back to pre-crisis levels, unless maybe change in leadership and attitudes on either US or Russia side I see at most the russians will concede is for neutral UN troops to police ukraine but will not give it up.

(13-03-2015, 09:43 PM)CityFarmer Wrote: Russia is to big to sanction for too long for EU, I reckon...

EU unlikely to agree next week to prolong Russia sanctions

BRUSSELS - European Union leaders are unlikely to reach agreement at their summit next week to prolong economic sanctions on Russia that expire in July, a senior EU official said on Friday.

New sanctions on Russia are also off the table for now because EU governments want to give a chance to a fragile ceasefire in eastern Ukraine.

But some of the EU's 28 member states had pushed for an early decision on extending sanctions on Russia's financial, energy and defense sectors adopted in July last year over Russia's annexation of Crimea and support for separatists in eastern Ukraine.

While leaders will discuss sanctions at next week's summit, the senior EU official said a majority would probably want to hold over discussion of renewing the economic sanctions on Russia until July.
...
http://www.todayonline.com/world/no-eu-u...s-official