EU imposes sanctions on Russia, what do they mean for rail freight?
The EU has officially adopted sanctions against Russia after the invasion of Ukraine. The European Council decided to enforce “massive and severe consequences” for Russia that can be summarised in five main pillars: financial sector, energy sector, transport sector, export controls and financing and finally, visa policy.
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What long & short term effects could come from the serious multiplier effects, for US/GB & EU/Asian economies, from the ongoing challenge to America’s “exorbitant privilege”, a result of the need to replace the USD as a global reserve currency ?
What about company who’s owned by 75% by Russian Railways but still operating on EU and US market? What’s the consequences for them
What about freight forwarding company owned in 75% by russian railways, yet, operating on EU and US market – what’s the consequences for them