LONDON— Further evidence emerged Tuesday that the economic recovery across Europe is gaining traction, though it remains vulnerable to an escalation in the crisis in Ukraine, which has seen sanctions on Russia ratcheted up.
As well as raising speculation that Russia will slip into recession following the sanctions imposed by the United States and the European Union, the crisis in Ukraine has clouded the economic outlook for Europe as a whole.
The sanctions, which were imposed because of Russia’s alleged support for Ukrainian separatists, could have an impact on European businesses that have ties with the country’s financial, military and energy sectors. …read more
Source: The Epoch Times
