Johannes Hahn: Sanctions against Russia are effective in long term

• 1.12.2014, 12:08

Sanctions against Russia work, but the most severe sanctions were imposed by Russia itself.

Johannes Hahn>/b, the European Commissioner for European Neighbourhood Policy and Enlargement Negotiations, said it in an interview with Novoye Vremya magazine.

The EU official says the current economic situation in Russia shows that sanctions are a very effective tool. The sanctions work, and the economic situation in Russia worsens, he said. According to Hahn, the reason is not only a decline in oil prices. The ruble fall, the outflow of investment, accelerating inflation, shortage of certain goods and products food are evident, for example, in Moscow and can provoke a right reaction one day, he noted.

According to Hahn, the sanctions, as expected, will have effect in the long term and adds that the most severe sanctions were imposed by Russia itself, putting itself in such a position and isolating itself from the world.