Posted on 09/23/2014 11:28:25 AM PDT by Navy Patriot
NEW YORK - Last March – after months of escalation in the Crimea and eastern Ukraine – President Obama initiated sanctions against Russia in financial services, energy, defense and related materials sectors.
New sanctions ensued in July when Washington launched unilateral restrictions targeting powerful interests in Russia’s financial, energy, and military technology sectors. After Malaysia Airlines Flight 17 was shot down in Ukraine and 300 people perished, the EU also took a much tougher stance.
In mid-September, the Obama administration and its European allies went further still with their sanctions.
Now Washington, Brussels and Moscow are stuck in a vicious circle, which has the potential to undermine global recovery.
(Excerpt) Read more at euobserver.com ...
I don't buy it. Obozo has tried to talk people to death, since that's his only talent, and that hasn't worked. Sanctions take time to trickle down to the people and so far, Putin has been able to stall the effect on the people. If the sanctions are in place and aren't "leaking", Putin can only carry the cost so long. It would be far less expensive for Russia if we revert to all talk and no show. True, the EU is going to take a hit, but it won't be anything like Russia will feel. Withholding oil and gas from the EU is a short run tool...it hurts the EU, but the lost revenues to Russia will hurt them even more in the long run.
Obama. Everything he touches turns to merde.
You are more than qualified in the understanding of economics.
I suspect the market and Russia will adapt, and note that all wars are economic in nature.
We shall see.
In your example, Obama is telling the truth, and Putin is lying.
Putin can just print more Rubbles.... Works for Obama and the Fed.
Russia is not a debtor nation, they don’t owe anybody. They are toying with a gold backed currency (they have a lot of it). The BRICS will supply what the west won’t. Russia will weather the sanctions.
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