The U.S. And Russia Are Now Waging Economic Warfare

Kevin Lamarque/Reuters

Russia, U.S. Edge Toward Economic Warfare -- Rob Garver, The Fiscal Times

Russia and the West appear to be moving ever closer to full economic warfare as U.S. and EU leaders prepare new and harsher sanctions on the Russian economy and Russian lawmakers discuss legislation that would give authorities in Moscow the ability to eject companies from Russia if they are headquartered in “aggressor nations” – defined as countries that have imposed sanctions on Russia.

In the nearly two weeks since a Malaysia Airlines passenger jet was shot down over Ukraine by Russian-backed separatists, Moscow’s posture toward the neighboring country has become more, rather than less aggressive. U.S. intelligence reports that arms and materiel have continued to flow across the Russian border to separatist units, and that the Russian military has been firing artillery rounds over the border in support of separatist units.

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My Comment: The EU is imposing sanctions ... albeit reluctantly. The U.S. has been very aggressive, and will use it's dominance on global banking/financial markets to restrict credit and monies to Russia. It will also punish those countries who do not go along with U.S. sanctions and restrictions. Russia will retaliate by making it difficult for western companies to do business in Russia. Russia will also work with BRIC nations to search for and to develop alternative ways to transfer funds that would undermine the U.S. dollar's position as the world's reserve currency. Russia's growing energy sector will probably limit it's business relations with Western energy companies. In short .... this is going to hurt everybody .... the question that needs to be asked is .... who will be hurt the worse.