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Canada Suffers Indirect Economic Blowback from Sanctions against Russia

Posted June 03, 2015


(Canadian Press)

Canada is experiencing indirect economic fallout from the sanctions it and other countries have imposed against Russia, federal Finance Minister Joe Oliver acknowledged Tuesday.

Western European countries that do business with Canada are feeling the negative impact of economic sanctions, which have also been imposed by the U.S. and Europe, Oliver said.

That, in turn, reaches across the Atlantic because when growth in Europe slows, it also affects Canadian trade, he added. Click here to read more.

Related:

Dateline of EU’s Anti-Russian Sanctions May be Extended (News.Az)

Sanctions: Who’s really hurting in Russia? (Deutsche Welle)