U.S. With EU Plays Down Industrywide Sanctions On Russia

Tuesday, 13 May 2014

Excerpt: Officials in the U.S. and European Union are playing down the prospect of punishing Russia with sanctions targeting entire industries, opting instead to focus on tightening pressure by targeting more individuals and companies. … Some companies are urging caution. USA*Engage, a coalition of U.S. businesses, agriculture groups and trade associations, says the U.S. shouldn’t impose industrywide sanctions on its own. “If sanctions are going to have any chance of achieving their intended goal, the experience has shown, they have to be multilateral,” Richard Sawaya, the Washington-based group’s director, said in an interview yesterday.

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