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U.S Warns Russia With Isolation Sanctions

Published: March 4, 2014 (Issue # 1799)



  • John Kerry.
    Photo: Maxim Stulov / Vedomosti

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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Sunday, Nov. 23


Get in the holiday spirit at today’s Winter Bazzar at the Astoria Hotel. Featuring gifts from around the world such as French eclairs, Dutch cheeses and Indian jewelry, the annual event organized by the International Women’s Club will feature 18 international stands and raise money for charity through the sales of a diversity of products that further illustrate the city’s international connections.



Monday, Nov. 24


Dr. Axel Schulte, Department Head at Fraunhofer Institute for Material Flow and Logistics in Dortmund, Germany, is the featured speaker at the SPIBA Industrial Committee lecture on “The Fourth Industrial Revolution: Digitalization of the Supply Chain.” The event begins at 4 p.m. at the Graduate School of Management at 3 Volkohvsky Pereulok and registration is required by Nov. 21 either by emailing office@spiba.ru or calling 325 9091.



Tuesday, Nov. 25


Tag along with AmCham during their “Industrial St. Petersburg” Tour program today. This incarnation of the ongoing series will visit Philip Morris Izhora and include an Environmental Health and Safety Committee meeting.


Find out how to expand your business east during the “Business With China” forum beginning today and concluding tomorrow at the Lenexpo convention center. The largest Russian forum dedicated to business with the Asian giant, topics that will be discussed include logistics, customs clearance, trade financing and many more.



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