*President Obama announced new sanctions against Russia on Thursday and warned that more were on the way if Moscow escalated the crisis in Ukraine. The new sanctions target senior Russian officials, influential businessmen in the country and a bank that provides “material support” to allies of Russian president Vladimir Putin. Obama also said he had signed a new executive order that would allow him to impose sanctions on “key sectors of the Russian economy.” He warned that this step, if taken, would have repercussions to the global economy. The president did not detail those possible penalties, but his comments suggested the new executive order could also hurt U.S. businesses, which have been wary of tougher action against Russia. Obama said the new steps were necessary given Russia’s annexation of the breakaway Ukrainian peninsula of Crimea earlier this week…* The Young Turks host Cenk Uygur breaks it down.
*Read more here from Justin Sink / The Hill: http://thehill.com/blogs/on-the-money/economy/201275-obama-orders-new-russian-sanctions
Comments
Cenk nailed it…this is good reporting. Too bad our mainstream news cannot talk like this. I would expect the advocates of the Military Industrial Complex (Corporation) to spin this event to their strategic advantage in the 2016 election. Same old noise from the same old sources. The move by Putin was reminiscent of Hitlers invasion of Poland for very similar reasons. My gut feeling is that Putin did this to protect his military interests in the region, and he also has a “tough guy” insecurity issue. Perhaps we should send Dr. Phil over to see Mr. Putin (problem solved) ;)