woensdag 23 april 2014

The Effect of Russia Sanctions: Russia Targets Belgium Steel Industry

What is nice about this blog is that you get news from other parts of the world, outside the U.S, namely Belgium.

Apparently Russia is threatening to close down one of the European division of the major Russian steel giant NLMK ($7 billion market cap) if sanctions were to go through. We're talking about 1000 jobs lost in Belgium due to these possible sanctions.

This is only one country, I can imagine that many other European countries will see an effect of the Russia sanctions.

And when efficiency is lost in the economy, inflation will arrive sooner than later.