Add to favorite
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

Media Buzz: Will US Sanctions Over Crimea Work?
March 23, 2014 12:00

Photo Credit: Wikimedia Commons
In its in-depth look at the sanctions and their impact, The Guardian calls the US sanction list as ‘who's who of Vladimir Putin's inner circle’ and says that Washington has raised “the stakes exponentially”
It also quotes Michael McFaul, former US ambassador to Russia, as saying: "This is not just an episodic glitch in US-Russian relations, this is a profound turning point. I don't see any support for what Russia is doing now and it is going to be this way for a long time."
As more Russia’s countermeasures, many on the list have shrugged them off, including senator Dan Coats who tweeted: "I am disappointed that I won't be able to go on vacation with my family in Siberia this summer."
ABC News focused on the economic effect of the US action, saying S&P downgraded Russia’s long-term credit rating amid a “heightened geopolitical risk and the prospect of U.S. and E.U. economic sanctions.” “It more expensive for Russia to borrow money and do business”, placing “an extra burden on Russia’s struggling economy”, it added.
In its video report, those on the US Treasury blacklist have been dubbed as ‘cronies’. However, the reporter indicated that “virtually nobody believes” sanction would make the Kremlin budge.
The Wall Street Journal found one quote to prove the effective nature of the US move. “The sanctions have contributed to an ‘overall negative perception’ of Russia's economy and may increase the country's borrowing costs,” it cited Russian Finance Minister Anton Siluanov as saying.
The Business Insider was more skeptical, giving the voice to Ian Bremmer, geopolitical expert and president of the Eurasia Group, who ‘doesn't believe sanctions against Russia will make much of a difference at all’.
Indeed, writes Leonid Bershidsky from The Morning Call, the announcement of US sanctions was more of a ‘declaration of personal hostility by President Barack Obama’ and an attempt to ‘inflict personal pain on the Russian President’. However, Washington’s move could draw a response ‘in a game of tit-for-tat that may quickly evolve into a death spiral,’ he goes on to add.

More interesting reading could be found in The Washington Post that studies the lesson the Russian military taught everyone about “the speedy deployment of special operations forces to achieve a limited objective.” According to the piece, the Russian army “is not the one that proved so feeble in Afghanistan. It is well-trained and stealthy and effectively uses a ‘small footprint’.”  

Author: Mikhail Vesely

Tags: Ukraine crisis Crimea US sanctions   

Next Previous

You might also find interesting:

Economist Yakov Mirkin Comments On the US Elections Moody's Downgrades Credit Ratings for 6 Russian Banks MMC Norilsk Nickel's 2015 Audited Financial Results S7 Airlines Company Got the First Airbus A320neo The Bank of Russia Cooperates With the General Prosecutors Office

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share

search on the map
Russian business  Sergey Obraztsov International Festival of Puppet Theatres  music  Soviet Russia  Trofim Borisov  Peterhof  the Angara River  travel to Russia  Gold Bee Design Biennale  airplane  Far East  Russian tourism  Russian Cinema  Kaliningrad Zoo   Anti-plagiarism  accommodation in Russia  Russian winter  Nilmoguba  Sochi 2014  Melting of Glaciers  Russian transportation  All Events  Veliky Novgorod  Moscow State University  Electronic Music  Russian gas  Mercedes-Benz Fashion Week Russia  Spacecrafts  Business in Russia  Russian regions  Old Moscow  St. Petersburg  Yelets  The Prodigy  Festivals in Moscow  Mariinsky theatre  Suzdal Museums  Exhibitions in Moscow  Perm Territory  Russian army  Russian exhibitions  Ulyana Lopatkina  Joseph Stalin  Golden Ring Tours  Holiday of Cheese  Moscow  Vnukovo airport  technology  Days of Finland  Kimry 

Travel Blogs
Top Traveling Sites