Russian Sanctions Response

Events are moving fast, as tension builds between Russia and the west over Ukraine. The European Union says it's ready to provide 15 billion dollars in financial support to Ukraine over the next two years. EU heads of state meet tomorrow/Thursday to discuss imposing sanctions on Russia. Meanwhile Russian lawmakers are working on a draft legislation to allow retaliation - which could mean the confiscation of property, assets and accounts of European or US companies if their governments DO hit Russia with sanctions. The prospect of tit-for-tat economic sanctions is causing concern among foreign businesses operating in Russia. Alexis Rodzienko was a banker for three decades in both Russia and the US. He's now president of the American Chamber of Commerce in Moscow.