Washington uses sanctions to punish and isolate any nation that dares stand up against America’s interest, Daniel Shaw of the Answer Coalition told RT following US President Barack Obama signing a decree that allows imposing further penalties on Russia.
The Russian economy cannot be fully excluded from the global monetary system, attempts to do so along with imposing more sanctions, will lead to a further fall in the ruble and a financial crisis similar to 2008, economic analyst Michael Mross told RT.
All eyes are on the ruble this week after its spectacular crash that sparked fears of a new currency crisis in Russia, and the possibility it could spill over into Europe and put the world economy at risk.
China’s foreign minister has pledged support to Russia as it faces an economic downturn due to sanctions and a drop in oil prices. Boosting trade in yuan is a solution proposed by Beijing’s commerce minister.
The White House is considering relisting North Korea as a state sponsor of terrorism after the FBI formally accused Pyongyang of masterminding the colossal computer hacking on the Sony Pictures Entertainment.
Washington “fears” a resurgent Russia, which harps back to the Cold War says George Friedman, the CEO and founder of forecasters Stratfor. He also believes the US started to meddle in Ukraine in retaliation for Russia outfoxing Obama over Syria.
The US pursues coercive diplomacy regarding Russia and other countries, that has the appearance of diplomacy but in reality the other side has to give up its position, Executive Director of the Ron Paul Peace Institute Daniel McAdams told RT.
Having slapped Crimea and Sevastopol with new investment restrictions, the EU stopped short of introducing new sanctions against Russia’s mainland, with political heavyweights including France and Germany cautiously hinting at possible policy reversal.
A step of reconciliation with Cuba was inevitable, as the US was becoming increasingly isolated in its failed attempts to isolate Cuba while their competitors were building closer ties with the island, Cuban intelligence agent Rene Gonzalez told RT.
Jen Psaki, the US State Department spokesperson, uttered yet another gaffe when she declared that the Obama administration signed off on more economic sanctions against Russia, setting off alarm bells in Russia.