By Somar Wijayadasa*
NEW YORK (IDN) – The U.S. sanctions against Russia, passed on July 27, in retaliation for Russia’s alleged interference in the 2016 presidential election may have ruined relations between the two countries.
The sanctions targeting Russia’s defense, intelligence, mining, shipping and railway industries, and restricting dealings with Russian banks and energy companies would have crippling effects on the already straddled Russian economy.
The bill may penalize individuals or companies who invest in the construction of Russian energy pipelines, or who provide services for such projects.