Tuesday, May 31, 2016

RUSSIAN PRESIDENT VISIT TO GREECE FOR PILGRIM AT MOUNT ATHOS COVERED WIDE RANGE ISSUES AS IT HAS GAINED MUCH MEDIA ATTENTION OF BOTH THE DOMESTIC AND INTERNATIONAL MEDIA .



       Russian President Vladimir Putin visit to Greece for pilgrim at mount  Athos gained much media attention as the President's short visit that became an official visit that covered wide range diplomatic political financial and economic issues between the two countries with emphasis on Russian Greece Christian Orthodox religious ties that has continued for Centuries, despite changes that had happened over the decades  and Centuries in the systems of governments of both countries. Trade and Investment issues between Russia and Greece remains the most significant issues for discussion of all the issues mentioned, due to the sanction of the USA and the European Union Countries that has been imposed on Russia's and Greece Trade and Investment relationship and repeatedly strengthened by the European Union Parliament in Brussels because of Russia's direct, or indirect involvement in the war of Ukraine and East of Ukraine with further annexation of the Island of Krim in the Crimea Region by Russia. As a result trade and investment volume between the two countries has significantly dwindled since the European Union Austerity Measures has been implemented in Greece and the sanction imposed against Russia. Fruits exports from Greece to Russia has decreased by an annual income of tens of millions of Euros as the trade and investment relationship between the two countries has been further affected by the drastic decline of the Russia's currency value and export volume with increasing hardship in obtaining the hard currencies of the domestic countries, the Euros and the American dollar, or the Japanese yen and other World currencies on one, or various aspects of intensified sanction and declining exports with the Continent's declining financial benefits in trade and investment relationship between the two countries. On the other less known aspect of trade and investment relationship between the two countries, Russia's investment in Greece and the neighboring European Union countries has accounted in billions of dollars loses in those countries, due to the sanction that may further affect Russia's new gas pipelines to Turkey Greece and Ukraine that may not be completed because of the continued intensified sanction against Russia by the neighboring European Countries whose annual deficit in trade deficit has exceeded seventy billion dollars in annual trade loses between the European Union and Russia, due to increased sanction.


                                               Written by Professor Godfrey Ohia.


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