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France 24

Business

How will Russia's economy be affected by Western sanctions?

Russia European Union FRANCE 24 Stephen Carroll Ukraine United States

BUSINESS DAILY © FRANCE 24

World powers, including the United States and the European Union, have announced their first round of sanctions against Russia over its recognition of two breakaway republics in Ukraine. They include blacklisting certain banks, barring American and European banks from trading Russian government bonds, and targeting individuals with asset freezes and travel bans. FRANCE 24's Business Editor Stephen Carroll looks at how the measures might affect the Russian economy.

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