Mike Shedlock

Today, the US imposed more meaningless sanctions on Russia. Of course Russia responded in kind.

In Europe, where far more is to be lost than gained from sanctions, bickering amongst suggests no meaningful escalations in sanctions.

Here is a roundup of recent actions, counteractions, threats and counter-threats.

Meaningless Additional US Sanctions

The Financial Times reports US imposes sanctions on 20 more Russians.

The US has announced sanctions on 20 more senior Russian individuals over Moscow’s takeover of Crimea and also singled out a bank which does business with the targeted individuals.

Moscow responded by banning nine American officials from entry to Russia.

Barack Obama, in a statement at the White House, said the US was moving “to impose additional costs” on Moscow by sanctioning more senior Russian officials and “other individuals with substantial resources and influence who provide material support to the Russian leadership.”

He said he had also signed an executive order giving the US the authority to impose sanctions on key sectors of the Russian economy.

Mike Shedlock

Mike Shedlock is a registered investment advisor representative for Sitka Pacific Capital Management.

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