33714
30607

World  

New sanctions for Russia

Warning Russia that new economic sanctions are "teed up," President Barack Obama accused Moscow of failing to live up to an agreement last week to ease tensions in eastern Ukraine.

Still, he cautioned that the United States needs to secure the support of allies to ensure that additional economic pressure is even applied. He conceded that new sanctions may not change Russian President Vladimir Putin's geopolitical calculations.

"There are some things the United States can do alone but ultimately it's going to have to be a joint effort, a collective effort," Obama said during a press conference with Japanese Prime Minister Shinzo Abe.

Obama's comments underscored the difficulties he faces in devising a response to Russia's aggressive moves on Ukraine's eastern border and the growing unrest in the country driven by pro-Russian insurgents. He did not put a timeline on when sanctions could be applied, saying only it was a matter of days, not weeks.

Obama complained that militias and armed men continue to take over government buildings in Ukraine in defiance of Ukrainian authorities. Pro-Russian insurgents have been especially active in eastern Ukraine in the aftermath of Russia's annexation of Ukraine's Crimean peninsula. Under an agreement struck last week in Geneva, Russia had agreed to take steps to defuse the tensions.

"So far we have seen them not abide by the spirit or the letter of the agreement in Geneva," Obama said. If that continues, he said, "there will be further consequences and we will ramp up further sanctions."

By acknowledging that he still needed co-operation from allies to impose new sanctions, Obama laid bare one of the key obstacles to presenting a united front against Russia. Many European countries rely on Russian energy and fear that increased pressure on Moscow could hurt their own economies.

"It's important to emphasize that throughout this process our goal has been to change Mr. Putin's calculus, that our preference is to resolve this diplomatically, that sanctions hurt Russia more than anybody else but they are disruptive to the global economy," Obama said.

COMMENTS WELCOME

Comments are pre-moderated to ensure they meet our guidelines. Approval times will vary. Keep it civil, and stay on topic. If you see an inappropriate comment, please use the ‘flag’ feature. Comments are the opinions of the comment writer, not of Castanet. Comments remain open for one day after a story is published and are closed on weekends. Visit Castanet’s Forums to start or join a discussion about this story.



More World News

World
London Webcam
Recent Trending
33552
Member of the RTNDA
32742



33516