... Obviously these type of measures cannot be regarded as a serious deterrent, but excluding direct military intervention, what are the options left to them? Here the scenario suddenly becomes more complicated. Important economic sanctions, such as targeting Russias oil and gas exports, would inevitably affect badly the economies of all European countries because Europe is energy dependent on gas supplies from Russia. In the past Putin proved the point that such measures would hurt Europe more than Russia by closing the tap of gas supplies on several occasions. Talks of a possible embargo on arms exports to Russia were vetoed by France which has billions at stake in military contracts with Moscow. Merkel instead pointed out that Crimea was a lost cause and a threat to impose economic sanctions on Russia should be used only if Putin extended the conflict beyond Crimea. Britain is worried of the impact sanctions would have on the investments in the City by Russian oligarchs...
Posted on: Mon, 24 Mar 2014 13:17:15 +0000
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