Political Outcomes: Russia to redirect trade elsewhere in case of EU-US sanctions

Russia to redirect trade elsewhere in case of EU-US sanctions

Summary:

• Russia wishes to switch with other trade partners if the there are economic sanctions imposed by the United States and the European Union. The situation in Ukraine and having the United States impose economic transactions will be considered unacceptable according to Russia. However, the introduction of sanctions may lead to a considerable amount of financial losses for the European Union.

My thoughts:
Russia will definitely suffer if they switch with other trade partners since a percentage of their exports goes to the European Union. Finding other partners utilizes time and money in order to develop. According to BBC News Europe, the EU ranks as Russia's number one trading partner, accounting for almost 41% of all trade. This large percentage exhibits how Russia's economy will be afflicted if they ever do take action in redirecting their trade. The detriment will for sure be more on Russia than on the European Union and the United States; therefore, I'd suggest that Russia does not take action despite the fact that they are being imposed with economic sanctions. In addition, the United States and the European Union impose these sanctions for a reasonable cause. When the Russian Federation sent troops to Crimea - a sovereign country illegally, redirecting trade elsewhere due to the urge of the imposed sanctions is clearly not the best path for Russia to go on.