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

Russian Sanctions Indicate Washington's Impotence

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

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

Must Read 5   Well Said 5   Interesting 2  
View Ratings | Rate It Headlined to H3 7/18/14

Author 12495
Become a Fan
  (408 fans)
- Advertisement -
Source: Paul Craig Roberts
From Paul Craig Roberts
Paul Craig Roberts
(Image by YouTube)
  Permission   Details   DMCA

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

"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."

- Advertisement -

"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."


- Advertisement -

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

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...)

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 Share Author on Social Media   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

Contact AuthorContact Author Contact EditorContact Editor Author PageView Authors' Articles

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