Jyske Bank: Coordinated Sanctions will hit Russia hard

July 30, 2014

President Obama has announced expanded U.S. sanctions on Russia, joining the European Union in a coordinated effort to use Russia's economy as leverage to compel Moscow to stop fueling the conflict in Ukraine.

Jyske Banks Senior Strategist, Ib Fredslund Madsen, believes Russia and their closest tradepartners will take a hit.