As Talks Of Sanctions On Russia Heats Up, Business Groups Draw Cautionary Line

Friday, 7 March 2014
Washington Post

Business groups are pushing to ensure that any economic sanctions imposed on Russia by the United States are joined by as much of the rest of the world as possible, warning Congress and the Obama administration that unilateral U.S. action would put tens of billions of dollars of American investment and trade at risk of retaliation.

… “What we’ve been hearing from our members is a lot of concern that there are two ways America gets hurt in a game like this. One is by American sanctions, that put them out of business, and the other is by Russian retaliation, regardless of what we do,” said William Reinsch, president of the National Foreign Trade Council. In meetings with the administration and members of Congress, “we have not been shy about telling them . . . if it is not multilateral, it is not going to work,” he said.

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