Share on Google Plus Share on Twitter 2 Share on Facebook Share on LinkedIn Share on PInterest Share on Fark! Share on Reddit Share on StumbleUpon Tell A Friend (2 Shares)  
Printer Friendly Page Save As Favorite View Favorites View Stats

OpEdNews Op Eds

Russian Sanctions Indicate Washington's Impotence

By (about the author)     Permalink       (Page 1 of 1 pages)
Related Topic(s): ; ; ; , Add Tags Add to My Group(s)

Must Read 5   Well Said 5   Interesting 2  
View Ratings | Rate It

opednews.com Headlined to H3 7/18/14

Become a Fan
  (392 fans)
- Advertisement -
Source: Paul Craig Roberts

From youtube.com/watch?v=KjxVuU6tj4s: Paul Craig Roberts
Paul Craig Roberts
(image by YouTube)
  DMCA


I was interviewed today by RIA Novosti about the additional sanctions imposed by the US on Russia. You can read the interview below...


Businessmen in office
(image by Fotolia/yanlev)
  DMCA

- Advertisement -
MOSCOW, July 18 (RIA Novosti) -- America's sanctions against Russia over the Ukrainian crisis demonstrate Washington's impotence and will mainly hurt US businesses and Washington's allies, former Assistant Secretary of the Treasury Paul Craig Roberts told RIA Novosti on Friday.

"The sanctions announced by the Obama regime against Russian defense and energy companies are a demonstration of Washington's impotence," Roberts asserted, adding that they will cause more damage to the US banks that are now prohibited from doing business with Russian companies. "The Russian companies can borrow, if they need loans, from European banks or from China, and have no need for US bank loans. It is in Russia's strategic interests to have no business relationships with the US."

"Sanctions are encouraging countries to withdraw from the dollar payments system that is the foundation of US power," Roberts added. "Even Washington's NATO puppet states are becoming unwilling to hurt their own economies in order to help boost Washington's power over Russia."

US President Barack Obama has announced new sanctions against Russia targeting companies and institutions in defense, energy and banking sectors of the Russian economy on Wednesday. Commenting on President Obama's move, Russian President Vladimir Putin said that the new sanctions would push US-Russia relations to a dead end, and warned of the sanctions' boomerang effect.

The former Assistant Secretary of the Treasury drew parallels between Washington's sanctions against Russia and Iran. According to Roberts, the US sanctions against the latter have already cost US businesses billions of dollars.

- Advertisement -

"The sanctions have harmed global shipping insurers in London, Japanese shipping companies, and prevented South Korea's access to Iranian liquefied petroleum gas," he explained, adding that many countries have already learnt from Washington's sanctions that there is no reason for them to compromise their sovereignty by using the dollar payments system and, thereby, placing themselves "under Washington's thumb."

"Sanctions demonstrate that Washington does not approach the world with diplomacy but with bribes, threats, and coercion," Roberts said. "Russia and China use diplomacy, and thus Russia and China are prevailing."

 

http://www.paulcraigroberts.org/

Dr. Roberts was Assistant Secretary of the US Treasury for Economic Policy in the Reagan Administration. He was associate editor and columnist with the Wall Street Journal, columnist for Business Week and the Scripps Howard News Service. He is a contributing editor to Gerald Celente's Trends Journal. He has had numerous university appointments. His book, The Failure of Laissez Faire Capitalism and Economic Dissolution of the West is available here. His latest book,  How America Was Lost, has just been released and can be ordered here.

Share on Google Plus Submit to Twitter Add this Page to Facebook! Share on LinkedIn Pin It! Add this Page to Fark! Submit to Reddit Submit to Stumble Upon


Go To Commenting

The views expressed in this article are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.

Writers Guidelines

Contact Author Contact Editor View Authors' Articles
- Advertisement -

Most Popular Articles by this Author:     (View All Most Popular Articles by this Author)

Libya - The DC/NATO Agenda And The Next Great War

The Road to Armageddon

American Job Loss Is Permanent

A Story...The Last Whistleblower

Pakistan TV Report Contradicts US Claim of Bin Laden's Death

Comments

The time limit for entering new comments on this article has expired.

This limit can be removed. Our paid membership program is designed to give you many benefits, such as removing this time limit. To learn more, please click here.

Comments: Expand   Shrink   Hide  
3 people are discussing this page, with 3 comments
To view all comments:
Expand Comments
(Or you can set your preferences to show all comments, always)

Why is the obvious truth in this article impossibl... by Hosea McAdoo on Friday, Jul 18, 2014 at 2:23:36 PM
Because American Exceptionalism is an impervious M... by landtorpedo on Friday, Jul 18, 2014 at 6:14:25 PM
You nailed it. These sanctions are both harmful a... by Michael Collins on Sunday, Jul 20, 2014 at 1:32:46 AM