Russia threatens Europe with higher energy prices / Putin calls for retaliatory sanctions with EU airlines potential targets

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Series Details 31.07.14
Publication Date 31/07/2014
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EUObserver reported that Russia reacted angrily to the economic sanctions adopted on the 29 July 2014 by the EU threatening to increase energy prices.

Russia stated that the economies of Russia and the EU were interlinked and that the 'stage three sanctions would affect the economic situation in the EU 'not less than in Russia'.

Russia imposed an import ban on Polish fruit and vegetables on the 30 July 2014, citing reasons relating to sanitary matters. Commentators called on the West to toughen its its stance against Russia and believed it would maintain the upper hand in the event of a trade war.

EurActiv and other news sources reported on the 4 August 2014 that Dobrolyot (Good Flight), a low-cost airline operated by Russian national carrier Aeroflot had suspended all flights after its plane lease agreement for Boeing planes was cancelled due to the sanctions imposed by the EU and the US. The Russian tour firm Labirint also suspended operations. stranding some Russian tourists on holiday outside Russia.

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Related Links
ESO: Background information: EU to impose economic sanctions on Russia / EU restrictive measures in view of the situation in Eastern Ukraine and the illegal annexation of Crimea
Sputnik International: Tag: Western Sanctions Against Russia
Polski Radio, 30.07.14: Russia hits back with Polish fruit and veg ban,Russia-hits-back-with-Polish-fruit-and-veg-ban
Euro|Topics, 31.07.14: Russia answers sanctions
EurAktiv, 31.07.14: EU names Russian banks banned from raising capital
EUObserver, 31.07.14: EU hits Russia's largest banks, imposes arms embargo
BBC News, 01.08.14: Russia bans Polish fruit and veg amid sanctions war
France24, 02.08.14: Poland protests Russian import ban with 'apple selfies'
EurActiv, 04.08.14: Low-cost Russian airline suspends flights due to EU sanctions
Wall Street Journal: Europe, 31.07.14: In Confronting Russia, Europe Tests Its Union
RIA Novosti, 04.08.14: Sanctions Applied by West Will Fail to Achieve Goals – Russian Foreign Ministry
Deutsche Welle, 05.08.14: Russia retaliates against EU sanctions
Deutsche Welle, 05.08.14: EU Sanctions - The Impact on Europe’s economy
EurActiv, 06.08.14: Moscow considers forcing European airlines to fly around Russia
Euro|Topics: Who's saying what: EU sanctions against Russia
EurActiv, 06.08.14: Finland warns Russia sanctions could spell ‘economic crisis’
Open Europe: Flash Analysis, 01.08.14: What will the impact of stage three sanctions be and how might Russia retaliate?
EUObserver, 06.08.14: Russia in sanction threat against EU
Euronews, 06.08.14: Putin calls for retaliatory sanctions with EU airlines potential targets

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