March 23, 2014

How the Russia Sanctions Could Backfire

Oliver Bullough, Politico

The Associated Press

In announcing the sanctions, President Barack Obama spoke of the “costs” they would impose on Putin’s inner circle, and a senior administration official later called them “very powerful” and strongly denied they are “a mere wrist slap.” The costs to Russia are undoubtedly severe but, as Russian businessmen scramble to get their money out of America’s reach, Putin may be secretly pleased.

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TAGGED: Sanctions, Crimea, Ukraine, Vladimir Putin, Russia

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