Economic cost to Australia of imposing sanctions on Russia
Imposing sanctions on Russia will result in economic heartache for Australia, former ambassador warns ABC News 10 Aug 14 A former Australian ambassador to Moscow and Ukraine says imposing sanctions on Russia will only result in economic heartache for Australia.
The Government has signalled it might apply tougher sanctions against Moscow over the Malaysia Airlines flight MH17 plane tragedy and Russia’s decision to ban food imports from Australia.
Foreign Minister Julie Bishop has threatened banning the sale of uranium to Russia if troops crossed into Ukraine.
But former Australian ambassador to Russia and Ukraine, Cavan Hogue, says it is not constructive for Australia to be entering into a tit-for-tat trade ban with Russia.
“What’s in it for us? It’s essentially a European problem. We seem to be doing it because we want to go along with Europe and North America,” he said.
“So I think we would have probably been better served by just keeping our big mouths shut…………
Russia’s defence ministry overnight said it had finished military exercises in southern Russia which the United States had criticised as a “provocative” step amid the Ukraine crisis. http://www.abc.net.au/news/2014-08-09/former-ambassador-moscow-ukraine-warns-against-russian-sanctions/5659946
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