Tags: Exclusive Interviews | MidPoint | Russia | sanctions | ukraine | downed | jet

Power Trend's Versace: Sanctions Can Cause Russia Real Pain

Tuesday, 22 Jul 2014 08:30 PM

By Sean Piccoli

Economist and Forbes contributor Chris Versace, author of the monthly Power Trend Profits newsletter, told Newsmax TV on Tuesday that Russia will feel the bite of sanctions — especially if the U.S. keeps ramping them up to cover larger sectors of that country's economy, and if the European Union follows suit.

Versace noted that already, there's been progress toward a fuller investigation of the downing of a Malaysian passenger in Ukranian territory held by Russia-backed separatists — a development that suggests some relenting by Russian President Vladimir Putin.

Story continues below video.



Note: Watch Newsmax TV now on DIRECTV Ch. 349 and DISH Ch. 223
Get Newsmax TV on your cable system – Click Here Now

Versace said the risks for European countries that cross Russia are greater than they are for the U.S., because Europe is the much bigger trading partner to Russia, and is far more dependent on Russian supplies of oil and gas.

But he said it's easier for Europe to be "kind of poking the bear" now, in warmer months when demand for oil is lower, than it would be in the wintertime.

Related Stories:

© 2015 Newsmax. All rights reserved.

Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Steve Beaman: Facebook 'Faces A Lot of Challenges'

Thursday, 29 Jan 2015 23:04 PM

Facebook shares soared more than 2 percent Thursday in response to a strong earnings report, but don't get too carried a . . .

Ex-Grateful Dead Manager: Band Died With Jerry Garcia

Thursday, 29 Jan 2015 20:15 PM

There can be no Grateful Dead "reunion" because the celebrated band cannot exist without its beloved frontman, Jerry Gar . . .

Rep. Zeldin: White House 'Playing Games With Words' on Terror

Thursday, 29 Jan 2015 19:27 PM

The White House declaration that the U.S. may negotiate prisoner swaps with the Taliban because, unlike the Islamic Stat . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved