Kiev (AFP) – Ukraine said on Friday it had destroyed part of a Russian military convoy that crossed onto its territory in an incursion that has sent cross-border tensions rocketing.
NATO accused Russia of active involvement in the “destabilisation” of eastern Ukraine, where pro-Kremlin separatists have been fighting against Kiev for four months.
Ukrainian President Petro Poroshenko told British Prime Minister David Cameron that government artillery had destroyed a “considerable part” of a small military convoy that entered the country, the presidency said in a statement. Continue reading
Tag Archives: Anders Aslund
U.S. sales to Russia have only risen since sanctions imposed
U.S. Census Bureau foreign trade data show that exports rose 17 percent from March through May _ the most recent months for which the data is available _ compared with the previous three months, before sanctions were imposed. The value of exports has risen in each consecutive month this year, an unusual trend in a trade relationship that historically fluctuates on a monthly basis.
Russian markets account for less than 1 percent of U.S. exports, but what the U.S. sells to Russia is largely high-tech and expensive goods, including technology and equipment for the energy sector, which faces the threat of targeted sanctions.
Robert Kahn, a senior fellow in international economics at the Council on Foreign Relations, said the rise in exports was evidence that Russian companies were stockpiling goods with the expectation that future sanctions would prevent U.S. companies from selling to their country. Continue reading