The flurry of sanctions the U.S. announced this week against Russia are some of the hardest hitting that Moscow has ever faced, but the slow pain they inflict may not be enough to deter President Vladimir Putin from escalating his invasion of Ukraine, experts said.
President Joe Biden and several U.S. allies, including the European Union, the United Kingdom and Japan, have vowed to review further restrictions on Moscow as punishment for the invasion.
The sanctions already announced are significant in size and scope. Nevertheless, the Russian economy is already feeling the effects of war, and the sanctions could over time further cause the Russian stock market to falter, deflate the value of the ruble which hit an all-time low and make doing business in Russia increasingly difficult.
Comment:
Anything about diplomacy at all? Anyone is concerned about the Ukraine Country?
Anyone is doing something that help stop the war? Or just yak, yak and yak.
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