FINANCIAL TIMES: For weeks, the Obama administration has been searching for “scalpel” sanctions that will cut deep into Russia’s companies and economy as punishment for its actions in Ukraine but avoid significant blowback against American businesses.
The latest package of sanctions on Russia, which were unveiled on Wednesday, make use of a new weapon in the US armoury: blocking some of Russia’s most important companies from raising long-term finance in the US…
Judging by the swift and angry reaction from Russia to the new round of US sanctions over Ukraine, the administration has succeeded in its first goal of inflicting economic penalties on Russia. But it might not have insulated the US from retaliation.… (more)
