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Europe

Video: ‘Business as usual’ for Russian interests in London

© FRANCE 24

Video by Alix BAYLE , Helen PERCIVAL , Yong CHIM

Text by FRANCE 24

Latest update : 2014-03-20

European sanctions against Moscow could be a cause for concern for UK businesses who trade with Russia. FRANCE 24 dropped in on City traders and luxury shopkeepers to find out what is at risk for them.

Threats of EU sanctions following Russia’s move to make Crimea part of its territory, as well as retaliatory measures from the Kremlin, could affect London’s stock markets, which list around 70 companies.

However, City traders appeared confident that the effects from sanctions on the Russian economy will be minimal.

British luxury shops, whose third biggest market is Russia, have expressed concern over the diplomatic sparring. But for now, business has not been hurt.

To watch FRANCE 24’s full video report from London click on the player above.

Date created : 2014-03-20

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