Russia sanctions: Why the U.S. and Europe are not quite in step

An article on CNN’s website analyses why the US and Europe differ on sanctions on Russia, saying that Russian energy supplies remain vitally important for the EU. The article notes that according to David Clark, chair of the Russia Foundation, trade is a "relatively unimportant" component of relations. Energy links are also weakening as the US looks to shale gas for its energy supplies and heads towards self-sufficiency. Mr Clark is quoted suggesting that the US could get greater leverage over Russia from financial sanctions aimed at the country's banking system and stability of the rouble.

Friday, March 7, 2014