Seeking Alpha

Russia retaliates following increased sanctions

  • Russia has responded to the EU and U.S. sanctions which hit its country's oil, arms and banking industries, saying that they would lead to higher energy prices in Europe and damage cooperation with the U.S. on international affairs.
  • In what looked like a retaliation, Russia declared a ban on most fruit and vegetable imports from Poland due to "sanitary reasons" and said it could extend it to the rest of the EU.
  • G7 leaders issued a joint statement yesterday warning Russia that it would face yet another round of economic sanctions if it did not change course on its Ukraine policy.
  • ETFs: RSX, RUSL, RSXJ, ERUS, RUSS, RBL, RUDR
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