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There's nothing interesting going on with UK's economy. Seems pretty indistinct from the rest of Europe.

No, I do not think EU would really do major sanctions, but I do think it's something some fear and I do think it's a fear the EU plays into. Many in ex-Soviet and ex-Soviet-satellite countries see EU membership as the guarantor of access and lasting ties with not just Western Europe but the "free world" in general (as in not being part of the Russia/China/Iran/+ club). Even in the UK you see some semblance of this sentiment despite being rather ridiculous. In countries that have a fairly recent history of being excluded for no good reason it seems all the more compelling.



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