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Business Daily: How Far will the EU Sanction Russia?

22/07/2014

How Far will the EU Sanction Russia?

BBC World Service - Business Daily, How Far will the EU Sanction Russia?

Will Europe or Russia suffer more from further EU sanctions?

Will Europe or Russia suffer more from further EU sanctions? Plus, we look at the estimated trillions of dollars illegally flowing between banks.

In the wake of the Malaysian airlines disaster, European foreign ministers are meeting in Brussels to consider further economic sanctions against Russia. Western leaders accuse Moscow of arming the pro-Russian rebels in Ukraine. What sanctions are on the table? And how do European businesses feel about them, given the current frailty of the eurozone? We hear the thoughts of Lilit Gevorgian, an analyst at IHS Global Insight, and from Holger Schmieding, chief Economist of Berenberg Bank in Germany. 

We also hear from Jeffrey Robinson, a leading author and expert on money-laundering. He believes that more could be done by City of London authorities to target the high number of wealthy Russians trading and owning property in the British capital. And we hear a report on on the estimated trillions of dollars in illicit funds that currently flow through the world's banks. Money-laundering is said to be spiralling. Can and should regulators and the banks do more to stop it?

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