Wednesday, July 16, 2014

U.S. Sanctions Russia Again; Europe Balks.

Announced by President Obama today, the new measures target the huge energy and defense sectors of the Russian economy and limit access by relevant Russian concerns to U.S. capital. The Russians denounced them but acknowledge they are going to hurt. Europe wouldn't go along because their economic ties to Russia are much greater and because they're about as pissed at Obama for N.S.A. spying as they are at Russia for invading Ukraine. They're down with the sentiment but won't join in.