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12/30/2024 - Former president Jimmy Carter died today at the age of 100. If I recall, this was the third death... Read More
12/26/2024 - As aspiring overcomers, we say with the Apostle Paul in Philippians 3:12, 13, 12 Not that I have a... Read More
12/24/2024 - Here is the prayer of dedication that the living stones of the true Temple are to pray on the firs... Read More
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View Full Tract ListUS sanctions against Russia are probably hurting Europe more than Russia. How long can they keep these sanctions going without resenting the pressure from US policy? China's businessmen love these sanctions, as it eliminates business competition from Europe.
(Reuters) - At a technology fair in Moscow last month, European executives faced the new reality of doing business in Russia since the West imposed sanctions: the number of companies at the international showcase had shrunk by half from a year ago….
In August, the month after sanctions were imposed, EU exports to Russia fell 19 percent to 7.9 billion euros ($9.91 billion) compared to July, a loss of almost 2 billion euros, according to the EU's statistics office Eurostat.
Although the data is not adjusted for seasonal swings, exports were also down 18 percent compared to August 2013 at a time of year that is traditionally busy for exporters….
In August, EU exports of machinery and transport equipment such as cars and tractors fell 23 percent compared to July. Compared to a year ago, those exports fell 21 percent.
… [C]ompanies are at risk of losing contracts to competitors from China and elsewhere, according to Frank Schauff, chief executive office at the Association of European Businesses in Russia.
"Countries that have not imposed sanctions are able to jump in where the EU has left a gap," said Schauff. "The economic position that the European Union has in Russia is at risk and it is very difficult to gain that back if it is lost."
Beijing's envoy to Berlin said in October that China would seize business opportunities in Russia.
Dr. Stephen Jones has been writing blog posts since 2005 on a variety of topics from Bible Studies to World News, and he has been writing books since 1992. Dr. Jones' most important writings came after God brought him back into the full-time ministry in 1991. It is here that all his earlier years of searching the Scriptures began to come into clear focus. He combines a knowledge of the Old and New Testaments with a personal revelation of God that began and developed during the "wilderness" period of his life, which he often refers to as God's True Bible College... Read More
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