Monday, March 3, 2014

President Obama Is Planning Economic Warfare Against Russia



Inside Obama’s Plans to Squeeze Russia -- Josh Rogin, Daily Beast

The Obama administration is working around the clock to come up with ways to punish Vladimir Putin for invading Ukraine. But will any of them work?

Behind the scenes, Obama administration officials are preparing a series of possible battle plans for a potential economic assault on Russia in response to its invasion of Ukraine, an administration source close to the issue told The Daily Beast. Among the possible targets for these financial attacks: everyone from high-ranking Russian military officials to government leaders to top businessmen to Russian-speaking separatists in Ukraine. It’s all part of the work to prepare an executive order now under consideration at the Obama administration’s highest levels.

The Obama administration came under sharp criticism over the weekend for not responding quickly or strongly enough to the takeover of the Ukrainian province of Crimea. Meanwhile, a team of State Department, White House, and Treasury Department officials worked to provide the president a menu of sanctions and other economic pressure levers that Obama might add to that executive order.

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My Comment: The U.S. - Russian reset is dead. Prepare for the new "Cold War".

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