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Former NATO commander says US is getting Ukraine about right - CSMonitor.com -
2014-03-16 15:53:24 GMT
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""Sanctions targeting individuals?" I asked. He responded that he'd start there, but said the US and its European partners should consider broader sanctions targeting the Russian economy, particularly focusing on the oil and gas industry that contributes about 25 percent of Russia's GDP (by comparison, the US, no energy slouch, obtains about 2.5 percent of its GDP from the oil and gas business). He said the Russian economy, as a "one-trick pony," was vulnerable. He also said that he's worried about the precedent of Russia's moves to separate Crimea from Ukraine. "This does not only violate international law ... but it's also breaking an important international norm," he said. The US and Europe are also moving in the direction of serious sanctions. Germany's Bild newspaper reports today, citing "European officials," that the CEOs of Russian energy giants Rosneft and Gazprom are on a list of names of about 120 Russians who could be hit with asset freezes and travel bans as soon as next week."
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