New U.S. Sanctions on Russia Make It Personal
Apr 19, 2018 | 09:00 GMT
(SERGEI KARPUKHIN/AFP/Getty Images)
- Recently passed U.S. sanctions against key Russian oligarchs and officials probably won't have a major effect on the Russian economy, but they will hurt key companies such as aluminum producer Rusal.
- Given Rusal's importance to the global aluminum industry, the effects of the U.S. sanctions will extend beyond Russia, and Chinese companies are the logical replacement for the Russian giant on the international market.
- Russia will offer financial support to relieve the affected companies and oligarchs while pushing back against the U.S. sanctions, not only through political and economic means but also potentially on the battlefield in Syria and Ukraine.