Sanctions, Oil, Central Banks: A Year In Review Part One

Radio Sputnik is looking into this year`s major economic events together with analysts Patrick Young who is an expert in global financial markets and Michel Chossudovsky, the Director of the Centre for Research on Globalization.

The top headline story of this year in the world of business is the launch of Western sanctions against Russia, the country`s response and the consequences it had on the global trade. We also take a look at what direction the global energy policy has shifted over the past twelve months.

Especially following the cancellation of the Gazprom`s South Stream gas pipeline. And as we mentioned energy security we just can not avoid speaking about the latest trend of this year which is the falling oil prices. The main question is whether it will last way into the 2015.