Quotes from the news wire:
It will be very difficult to impose severe economic harm on Russia without affecting energy markets, oil and gas account for 40 percent of Russia's federal budget. The United States and Europe can take steps in advance to contain spillovers, but if they plan to impose serious economic sanctions on Russia, they can not avoid the energy sector entirely.
Found on CNN 3 years ago
The point of maximum leverage is now, before Russian President Vladimir Putin has decided to attack Ukraine. If Russian troops are pouring across the border and the West imposes sanctions, the game is already over. We have lost. We don't want to get to that point. That's why it's so important for the sanctions threat to be both serious and credible now. It needs to alter Putin's cost-benefit analysis about invading Ukraine.
Found on CNN 3 years ago
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