The article presents us the power of “sanction”. After the isolation in G7 several months ago, the current flight issues involving responsibility from Russia stimulated US government’s nerves again, who imposed the enforcement on Russia’s economic punishment. Apparently, the aim of Russian government to raise the interest rate was to create a phenomenon of enjoying the high refund from savings and investment in short term by companies. However, firms started to realize that the cost of borrowings in Russia, which they needed in long term development, was increasing at an incredibly fast pace. All this effectively shows Russia’s helpless situation under the sanction. Sylvia Lai F5D (14) money.cnn/2014/07/25/news/economy/russia-economy/index.html?iid=SF_E_River
Posted on: Fri, 22 Aug 2014 06:55:19 +0000
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