U.S Warns Russia With Isolation Sanctions
Published: March 4, 2014 (Issue # 1799)
As thousands of Russians troops are securing control over Crimea, the U.S. has warned Russia about the economic and diplomatic sanctions it could face if it fails to de-escalate tensions with Ukraine.
U.S. Secretary of State John Kerry, who is meeting with the Ukrainian leadership in Kiev on Tuesday, has warned Russia that its "invasion and occupation of Ukrainian territory" could lead to the country's exclusion from the Group of Eight, after the leaders of all Group of Seven countries announced they have suspended preparations for June's G8 Summit scheduled to be held in Sochi.
Related: Pro-Russia Armed Men Hold Crimea Government Buildings Under Seize
"He [President Vladimir Putin] is not going to have a Sochi G8," Kerry told NBC News on Sunday. "He may not even remain in the G8 if this continues."
Russia responded to the suspensions by saying they had "no grounds" and damaged the G8 and the whole international community.
On Monday U.S. diplomat Victoria Nuland urged sending observers from another international body, the Organization for Security and Cooperation in Europe, to Ukraine to monitor human rights in the region and defuse military tension. However Moscow's ambassador to the organization, which would need a consensus decision to send such a mission, said that Russia wanted more information about that plan and added that international missions sometimes worsen the situation in a country, Reuters reported.
Related: Ukraine Appeals to NATO for Help After Russia Approves Force
On Sunday, Kerry said the U.S. and several other countries were ready to "completely isolate" Russia, and that it could face economic sanctions, a travel visa ban, asset freezes and a disruption of its bilateral trade with the U.S., which amounted to $40 billion last year.
President Barack Obama also cautioned Russia on Friday that there would be "costs" to a military intervention in Ukraine.
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