Sanctions Won’t Work, Says Russia
Newsflash: Russia has issued another warning. Any sanctions imposed on Russia for invading Georgia, President Dmitry Medvedev said today, would backfire.
Russia boasts that it’s too big for sanctions to have any effect. “If attempts are made to introduce sanctions, damages will be symmetrical.”
Russia’s back in the cold war game. Had it ever left?
The U.S. and other countries were critical of Russia for invading Georgia last month, although Georgia struck first in South Ossetia. Russia has taken its time moving troops out of the region after the countries agreed to a cease-fire.
Medvedev warned of sanctions backfiring after NATO’s Secretary-General Jaap de Hoop Scheffer traveled to Georgia to show support. Georgia has made no secret of wanting to join NATO, which Russia opposes. Additionally, the European Commission proposed to give Georgia $700 million over three year to help with invasion recovery efforts.
(Source: CBS/AP)
Tags: Dmitry Medvedev, Georgia, Russia, South Ossetia