Fragile Europe Weakens U.S. Push for Russia Sanctions -- Bloomberg Businessweek
The U.S. readiness to impose new economic sanctions on Russia over Ukraine is offset by the European Union’s reluctance to introduce stronger measures that could threaten its already fragile economic recovery.
While the Obama administration said yesterday that it’s prepared to ramp up sanctions, possibly to target specific sectors of the Russian economy such as financial services and energy, the EU limited its decision to expanding an existing list of individuals under asset freezes and travel bans.
U.S. officials concede that squeezing Russia’s economy is the only realistic weapon the U.S. and its European allies have to respond to the clashes between pro-Russian separatists and Ukrainian authorities. Without European support, though, U.S. sanctions will have little effect on Russian President Vladimir Putin’s ambitions in Ukraine, said Simon Mandel, vice president for emerging Europe equity sales at Auerbach Grayson & Co.
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My Comment: Moscow is reading this reluctance from the EU .... and acting accordingly. The fact that President Obama has also never went out of his way to develop and cultivate personal relationships with many of Europe's key leaders is also hurting U.S. policy now .... and Russia is reading this also.
2 comments:
Told ya! Putin's exposed NATO, divided the EU from the US, and shattered Eu unity. Not bad for a months work.
This is why I always enjoy reading comments from my readers. They are usually far ahead of the curve.
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