When Russia’s influence on the Ukraine government of Viktor Yanukovych got challenged by a kind of rampaging western hegemony, all Europe should have studied more closely these relationships. Now, over a year in, the 2015 summer tourist season will probably be a disaster. Regardless of who we lay the blame on for the current west-east detente disaster, […]
If foreign relations and anti-terror tactics across Europe get any worse, tourism dependent businesses already hit by west versus Russia tensions could finally go belly up. All across the EU soldiers and other security personnel are fanning out in a frantic hunt for suspected radicals. However real or perceived Jihadists or other extremists may be, the danger posed to Europe’s economy. That “recovery” Europe was promised, it’s clear it’s not happening now.
News sources this week suggest Russian Railways and some other Russian state run companies may have imposed bans on foreign travel. According to the news, companies in Russia hit by western sanctions allegedly dissuaded employees from visiting countries outside Russia.
A poll taken last month in Estonia reveals the serious impact the Russia sanctions are having on tourism businesses there. According to the poll, the counter sanctions by Russia’s Putin have affected one in five businesses there. Russian tourists represent a big percentage of Estonia travelers, and many fear increased tensions will gut the travel trade there.
Apparently western sanctions can’t keep a Russian airline giant down. Aeroflot’s being forced to ground fledgling budget airline Dobrolyot over EU sanctions disrupting aircraft leases may turn out to be a blessing in disguise for Russia’s biggest airline.
In news from St. Petersburg, apparently another tour operator is going belly up. Atlas, another of Russia’s leading tour companies is expected to go insolvent, suspending operations and perhaps stranding still more Russian tourists abroad.
The negative domino effects from the unrest in Ukraine are being felt all over Europe. In Slovenia hotels are reporting a 20% drop in numbers of Russian tourists already. This dramatic number, from Euronews, represents fully 6% of tourists to that country. But Slovenia is not the only European country being slammed.
This morning business daily Vedomosti has reported, Russia may begin restricting European airlines from flying over Siberia on Asian routes. The move, if enacted, would imposed crippling costs on some European carriers. To make matters worse, the underlying business infrastructure of all countries will certainly be negatively affected.
The Ukraine unrest unfolding, US and NATO versus Russia challenges and sanctions, threaten to unravel any hope of continued EU economic recovery. This, according to an ITAR-TASS report, must be weighed against European Commission contentions. Whatever the case for western EU nations, tourism and other sectors in eastern Europe will certainly be stifled.