The direct effects on the European economy of any sanctions-related disruption to trade with Russiawould not be trivial but the impact via energy markets may be less than many fear. Sentiment could stillbe hit hard at a time when the recovery in the euro-zone already appears to be faltering. However, it isclear that the biggest loser from a trade war would be Russia herself.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services