Send a Tweet
Most Popular Choices
Share on Facebook Share on Twitter 1 Share on LinkedIn Share on Reddit Tell A Friend Printer Friendly Page Save As Favorite View Favorites
OpEdNews Op Eds

Russia to Benefit From "Gratuitous Propaganda" of Fresh US Sanctions

By       Message Paul Craig Roberts       (Page 1 of 1 pages)     Permalink    (# of views)

Related Topic(s): ; ; ; , Add Tags
Add to My Group(s)

Well Said 6   Must Read 4   Supported 2  
View Ratings | Rate It

opednews.com

Author 12495
Become a Fan
  (407 fans)
- Advertisement -
A new round of sanctions announced by the White House will have unintended consequences and only benefit Russia, former Assistant Secretary of the Treasury Paul Craig Roberts told RIA Novosti Monday.

From http://www.youtube.com/watch?v=4tC84wP_edo: Paul Craig Roberts
Paul Craig Roberts
(Image by YouTube)
  Permission   Details   DMCA

"The sanctions are nothing but gratuitous propaganda. Obama himself acknowledged that it is uncertain whether the additional sanctions will have any effect," Roberts told RIA Novosti. "Besides, the sanctions will encourage and hasten Russia's withdrawal from Washington's exploitative dollar payments system, and the BRICS countries are likely to follow."

- Advertisement -

US President Barack Obama levied the additional sanctions against Russia to target individuals and companies close to Russian President Vladimir Putin.

The sanctions were imposed on seven Russian government officials, as well as 17 companies.

"The Obama regime continues to pretend that a few Russian individuals and companies are responsible for Crimea's return to Russia," Roberts said, stressing that the evidence is completely clear that the return of Crimea to Russia was the result of the Crimean people and their self-determination.

- Advertisement -

"People voted 97 percent in an amazingly large voter turnout to return to Russia, from which Khrushchev detached Crimea in the 1950s," he explained.

Roberts foresees that the announced measures will only encourage the Russian government to withdraw from the dollar-based payment system that makes sanctions possible.

"It is a mystery to me why countries such as Russia and China participate in the dollar payments system, as the system is a means of US financial and political imperialism," the former assistant treasury secretary said. "No country that operates within Washington's payments system can have an independent policy."

He added that "Once important countries cease to use the US dollar as a reserve currency and the means of settling international payments, Washington's imperial power will decline."

Last Saturday, leaders of the G7 group of nations accused Russia of failing to comply with the Geneva communique aimed to de-escalate the crisis in Ukraine agreed by top diplomats from Russia, Ukraine, the United States and the European Union on April 17. The G7 members threatened Moscow with tougher sanctions.

On Monday, White House Press Secretary Jay Carney announced that the United States would impose broad sanctions against Russia's economic sectors if it launched a military incursion into Ukraine.

- Advertisement -

"The United States, working closely with its partners, remains prepared to impose still greater costs on Russia if the Russian leadership continues these provocations instead of de-escalating the situation, consistent with its Geneva commitments," Carney's statement on the White House official website reads.

 

- Advertisement -

Well Said 6   Must Read 4   Supported 2  
View Ratings | Rate It

opednews.com

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 books, The Failure of Laissez Faire Capitalism and Economic Dissolution of the West is available (more...)
 

Paul Craig Roberts Social Media Pages: Facebook page url on login Profile not filled in       Twitter page url on login Profile not filled in       Linkedin page url on login Profile not filled in       Instagram page url on login Profile not filled in

Go To Commenting
The views expressed herein are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.
Writers Guidelines
Related Topic(s): ; ; ; , Add Tags
Contact AuthorContact Author Contact EditorContact Editor Author PageView Authors' Articles
Support OpEdNews

OpEdNews depends upon can't survive without your help.

If you value this article and the work of OpEdNews, please either Donate or Purchase a premium membership.

STAY IN THE KNOW
If you've enjoyed this, sign up for our daily or weekly newsletter to get lots of great progressive content.
Daily Weekly     OpEdNews Newsletter
Name
Email
   (Opens new browser window)
 

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

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

A Story...The Last Whistleblower

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

The Road to Armageddon

American Job Loss Is Permanent