Obama: Russia Sanctions "Are Working As Intended" -- CBS News
U.S. and European sanctions on Russia "are working as intended," President Obama said Wednesday, because there has incredible strain on the country's economy.
The severe sanctions on key sectors of the Russian economy were announced last week in an attempt to pressure Russia to convince separatists in Ukraine to stop destabilizing the eastern part of the country. But Russia continues to amass troops on its border with Ukraine, and Defense Secretary Chuck Hagel warned Wednesday that there is a growing threat of an invasion.
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More News On President Obama's Remarks That Sanctions Are Working Against Russia
Obama: Russian economy has ground to a halt -- Reuters
Sanctions putting enormous pressure on Russian economy: Obama -- The Hindu
Obama Believes Sanctions Against Russia Work -- RIA Novosti
US ready for more sanctions against Russia – Obama -- RT
My Comment: Sanctions are an inconvenience now .... but there is no doubt in my mind that if these sanctions continue .... it will start to harm the Russian economy. The below chart provides a timeline on the escalating levels of sanctions against Russia.
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