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Some Western firms could face Russian retaliation

Screen Shot 2014-04-26 at 11.34.57 Extract from an article by Adam Molon published by CNBC on 26 April 2014

Tougher Western sanctions against Russia would likely have dire consequences for that country’s monolithic, energy-reliant economy, but experts say the punishment also could trigger retaliation from Moscow against American and European multinationals. “There no doubt would be Russian retaliation,” said Justin Logan, director of foreign policy studies at the Cato Institute. “Companies with money tied up in Russia would have a tough time getting it back out.” The lion’s share of foreign money in Russia is from major energy sector players like Shell, Exxon, and BP…

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