#Economist: It is time for a broad visa ban on powerful Russians and their families. France should cancel the sale of warships to Russia. A more devastating punishment would be to cut Russia off from dollars, euros and sterling (see article). Such financial sanctions, like those that led Iran to negotiate over its nuclear programme, would deprive Russia of revenues from oil and gas exports, priced in dollars, and force it to draw on reserves to pay for most of its imports. They would be costly to the West, especially the City of London, but worth it. Impose them now, and give Mr Putin reason to pause. Do any less and the price next time will be even higher. economist/news/leaders/21600979-cost-stopping-russian-bear-now-highbut-it-will-only-get-higher-if-west-does
Posted on: Fri, 18 Apr 2014 07:42:49 +0000
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