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Western Retaliation

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The Economic Consequences of Russia's Isolation and Sanctions.
economics3 years ago

The Economic Consequences of Russia's Isolation and Sanctions.

Georgia and Armenia, which saw double-digit economic growth due to increased trade with Russia, are now at risk of Western retaliation as they become intermediated trade partners for the isolated state. Western leaders have raised alarm bells that certain traders are using these countries to evade sanctions on Russia. The burgeoning trade flows have prompted calls from the European Union and allied nations to either get such countries on board with sanctions or slap those countries themselves with secondary sanctions.