EU Pokes At Russian Bear To Its Peril
A draft seven page document prepared by the EU in cooperation with the US articulates sanctions against Russian citizens holding assets or traveling in the EU. The document will be considered by EU foreign ministers next Monday, 17 March 2014. http://www.reuters.com/article/2014/03/12/us-ukraine-eu-russia-sanctions-idUSBREA2B0QJ20140312
Passage and implementation of the sanctions hinges on whether Russia will halt expansion into the Ukrainian peninsula, Crimea, through its referendum vote in Crimea set for 16 March 2014. http://www.channel4.com/news/ukraine-crisis-uk-to-push-for-travel-bans-on-russian-mps-state-ownership-crimea-companies
To analysts at http://HamiltonFinanceServices.com (HFS) the EU cooperation with the US could easily backfire due to European dependence on Russian petroleum, and if Russia chooses retaliation, not only oil but raw materials for manufacturing could be placed in jeopardy. In the end, say HFS analysts, Russia continues holding the upper hand, and Russia knows it.
What do you think?
