...the EU paid Russia $156bn for oil and gas, which counts for - TopicsExpress

...the EU paid Russia $156bn for oil and gas, which counts for almost a third of Europes energy supply...In terms of financial trade, if the EU and the US stopped trading with Russian banks, the Russian economy could suffer a loss of $50bn per quarter, according to former Russian finance minister, Alexei Kudrin...There are also reports that more than $100bn in Russian money has been shifted out of the US in the last week, which is about 80 percent of Russias $138bn in US treasury and bold holdings...And that reaction raises some interesting scenarios in other countries as to how Russia may react if further threatened. According to the Bank of International Settlements, US banks and asset managers have about $75bn of exposure to Russia. Russia could instruct its companies to default on loans to the West...The Financial Times claims 300,000 German jobs could be lost if there are tit-for-tat sanctions. And Bloomberg reports Russian companies have made $180bn in deals in just the past two years - deals which have provided profits to bankers and lawyers in the City of London. aljazeera/programmes/countingthecost/2014/03/russia-threat-sanctions-201432210197758247.html

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