With first quarter figures in, many European companies are witnessing the full impact of their exposure to Russia’s sputtering economy.
A five percent drop in first quarter profits at Danish beer maker Carlsberg, a 731 million dollar write down by French bank Society Generale and a dire financial warning from one of Germany’s biggest bulk food sellers.
All of these, and more, are the economic result of the troubles in Ukraine and the ongoing row between Moscow and much of the west.
In the Eurozone’s biggest economy, Germany, the impact is already being felt.
CCTV’s Jack Barton reports from Berlin.
NATO defense ministers meetWith first quarter figures in, many European companies are witnessing the full impact of their exposure to Russia's sputtering economy.
For more on Obama’s european trip, Phillip Yin was joined by Brian Beary, Washington Correspondent for Europolitics, the Brussels-based European affairs newspaper.