Set Back..

 

The strategy of sitting back and waiting for Russia’s war machine to grind to a halt because of sanctions could go “terribly wrong,” according to Niall Ferguson, a senior fellow at the Hoover Institution at Stanford University. 

The Ukrainian resistance cannot hold the fort for much longer, and sanctions by the West won’t be able to stop Russia in time, he told CNBC’s “Squawk Box Asia” on Friday.  

He said the U.S. is relying heavily on sanctions and “very belated arms deliveries” to Ukraine, but he’s concerned that those fighting for Ukraine won’t be able to defend the country for long.  

Though the Russians have sustained more casualties than expected, they are still “advancing steadily,” he said.  

“The assumption that this is going to drag out, that the United States can sit back and watch the economic sanctions do their work may be gravely mistaken,” Ferguson said.

Best to help reach a peaceful agreement rather expand the war. Just a thought.