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Russia: New US Sanctions

In August 2017, the US Congress has introduced new sanctions against Russia. From Swedish Business point of view the main point is sanctions against energy pipelines and to some extent the privatization of state assets. A large difference is also that the President will not be able to lift the sanctions by himself, which makes it even more unlikely that the sanctions will be lifted any time soon.

In 2014 EU and USA imposed coordinated sanctions on Russia. The main points in the sanctions were regarding financing of some banks and large corporations, an arms embargo, equipment for some oil drilling projects in Russia and goods and services for several sectors on Crimea. These American sanctions were imposed through executive orders by the President. The Congress of the United States has now introduced an act to intensify those sanctions and extend them to some additional areas.

 

FIND OUT MORE ABOUT BUSINESS SWEDEN ACTIVITIES IN RUSSIA

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Date: 17 Aug 2017
Size: 347.9 KB(pdf)
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