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 Put the boot in: Forcing Russia Out of Markets Seen as Ukraine Leverage

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Put the boot in: Forcing Russia Out of Markets Seen as Ukraine Leverage Vide
PostSubject: Put the boot in: Forcing Russia Out of Markets Seen as Ukraine Leverage    Put the boot in: Forcing Russia Out of Markets Seen as Ukraine Leverage Icon_minitimeThu Apr 17, 2014 3:29 am
Forcing Russia out of global financial markets is the strongest tool at U.S. President Barack Obama’s disposal if he wants to stop Vladimir Putin’s territorial ambitions, according to former government officials and sanctions specialists.

Put the boot in: Forcing Russia Out of Markets Seen as Ukraine Leverage IytKN87BAjZw

Secretary of State John Kerry is meeting with Russian, Ukrainian and European Union officials in Geneva today to discuss the situation in eastern Ukraine.

An administration official warned yesterday that if the talks fail, the U.S. is ready to take further steps, targeting people in the Russian president’s inner circle and entities they oversee. Industry-specific sanctions are also an option, according to the official, who spoke about private talks on condition of anonymity. Experts say these may produce more significant results.

“The biggest weapon in terms of sanctions would be similar sanctions to what we did in Iran and basically try to exclude Russia from international financial markets,” said William Pomeranz, deputy director of the Kennan Institute for Advanced Russian Studies of the Woodrow Wilson Center in Washington. “The Russians fear that, and that is what the Russians want to avoid.”

Obama avoided specifics in an interview yesterday with CBS News while vowing new punishment if Putin doesn’t halt support for Ukraine’s separatist militias and pull back troops from the border.

More:  http://www.bloomberg.com/news/2014-04-17/forcing-russia-out-of-markets-seen-as-ukraine-leverage.html
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