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Ukraine Europe Recession

Will Russia Sanctions Push Europe Back into Recession?

Mohamed A. El-Erian | Posted 05.27.2014 | World
Mohamed A. El-Erian

Around 40 percent of Russia's trade is with Western Europe. Even if Russia fails to retaliate by itself imposing counter-sanctions -- an unrealistic assumption -- its weaker economy would quickly translate into lower sales by Western European companies to the world's eighth largest economy, as well as less certain input supplies from there.