EU Businesses Attempt to Recover Despite Russian Sanctions

By Jenny Park

Although sanctions against Russia are hurting some EU businesses, recovery is not impossible. SMD, a specialist engineering firm that exports one fifth of its market to Russia, is searching for buyers in different export markets. The search may be slow-going, however, because it can take three to four years to win a major contract. Other firms, such as Scottish Engineering, however optimistically demonstrate that recovery is possible.