Taking Down the Global Economy to Punish Russia

Tuesday, April 29, 2014
By Paul Martin

Kurt Nimmo
April 29, 2014

The United States and the unelected European Union nomenklatura have decided to sacrifice the world economy in a bid to punish Russia for its response to the crisis in Ukraine.

On Monday, the U.S. announced tightened sanctions on Russian officials and a number of Russian banks and companies, including Sobinbank and energy company Stroytransgaz Group.

On Tuesday the former U.S. ambassador to Russia, Michael McFaul, told MSNBC imposing a new round of sanctions on the Russian banking sector and gas industries will reverberate negatively throughout the global economy.

“The debate is between those that want to deter Putin and punish him versus those that worry about the global economy,” McFaul said.

He added that more comprehensive economic sanctions are “going to hurt, first and foremost, the Europeans, and maybe our economy. On the one hand, [Obama] wants to push back on Putin. On the other, he doesn’t want to precipitate a global recession.”

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