Mapping The “Scalpel, Not A Meat Axe” Approach To US Sectoral Sanctions Against Russia
by Tyler Durden
ZeroHedge.com
05/16/2014
The threat of “sectoral” sanctions is the latest arrow in America’s quiver against Russia’s unwillingness to back off and, as the FT reports, the US is seeking support from Europe for these efforts. The problem, as we have discussed, is that energy binds Russia to the rest of the world in a codependent relationship. Consumers – especially in Europe – need Russian oil and gas as much as Russia needs the revenue they bring in. The US believes it can circumvent that obstacle as “the situation calls for a scalpel, not a meat axe… we need targeted asymmetric sanctions that hurt them more than they hurt us.” In other words, do you believe in miracles? “In a global economy, each of these actions may also come at a cost to the countries imposing the sanctions that needs to be considered.”
The Rest…HERE
