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WIFO

Russia Sanctions Radioactive for Russia and Europe Tourism

2016-02-09 by Phil Butler

Empty Madrid Airport via Farzin Montazersadgh and FarzinPhoto

According to news from Interfax, the market for visa services in Russia fell by some 37% in 2015, year on year. With the savage effects of sanctions and the interjection of stricter biometrics regulations for Schengen countries, a domino effect of negative economic volatility has ensued. The telltale fallout of economic warfare sinks in, as EU sanctions become touristic radioactive.

Tags: EU sanctions, sanctions, Trade, trade sanctions, VisaToHome, WIFO, WTO




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