For 17 months, since the Minsk Agreements were signed in February 2015 to try to bring peace to the eastern Ukraine the Kiev regime, and its neo-Nazi and NATO allies, have been preparing for a new offensive against the east Ukraine republics. On July 22nd the Russian Ambassador Vitaly Churkin stated in a letter to the UN Security Council that “a relapse of large-scale military operations in eastern Ukraine may bury the process of peace settlement there.”
We assess the cost, in terms of export losses, of the diplomatic conflict between the Russian Federation and Western countries over 2014. The first empirical analysis exploits monthly country-level trade data. We find strong impact of the conflict on Western exports to Russia. From December ’13 to June ’15, the total
On 7th July, following the example of the French National Assembly and Senate and four regional parliaments in Italy, the Cyprus Parliament passed a resolution calling on the government to work toward ending EU sanctions on Russia. The resolution was passed with 33 votes in favour. The 17 MPs of the ruling right-wing party DISY who were present abstained.