Sanctions Against Russian Defense, Energy Sectors Signify Washington's Impotence
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."
Paul Craig Roberts ■ Sanctions and Airliners