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Business Matters: New sanctions target Russia 30 Jul 14

Wed, 30 Jul 14

New US and European sanctions come into force against Russia. President Obama says it's not the start of a new Cold War; Russia's Ambassador to the EU says the sanctions will have no effect. Doctor Robert Shapiro - former Senior Economic Adviser to Presidents Obama and Clinton - tells us Moscow's nonchalance is nonsense. As the airline industry's governing bodies meet in Montreal, we ask: how can you protect civilian planes from military assault? Argentina faces a possible second default on its debt. Tim Jones from debt relief campaigners Jubilee Debt says the country is being held to ransom by a small group of wealthy speculators. He calls them vultures. All this plus The Motley Fool's David Kuo on cannabis and cheese.