by Dr. Paul Craig Roberts, PaulCraigRoberts.org:
The unilateral US sanctions announced by Obama on July 16 blocking Russian weapons and energy companies access to US bank loans demonstrate Washington’s impotence. The rest of the world, including America’s two largest business organizations, turned their backs on Obama. The US Chamber of Commerce and the National Association of Manufacturers placed ads in the New York Times, Wall Street Journal, and Washington Post protesting US sanctions. NAM said that the manufacturer’s association is “disappointed that the US is extending sanctions in increasingly unilateral ways that will undermine US commercial engagement.” Bloomberg reported that “meeting in Brussels, leaders of the European Union refused to match the US measures.”
In attempting to isolate Russia, the White House Fool has isolated Washington.
The sanctions will have no effect on the Russian companies. The Russian companies can get more bank loans than they need from China, or from France and Germany.
Please follow SGT Report on Twitter & help share the message.