President Barack Obama’s speech
at the United Nations Wednesday offered to roll back the U.S. sanctions
if Russia takes the “path of diplomacy and peace.” This overture comes
on the heels of an emerging ceasefire between Russia and Ukraine and
continuing discussions in Minsk to find a political solution to the
turmoil in eastern Ukraine.
Obama’s U.N. speech, however, opens up the possibility of creating some daylight between the United States and the EU sanction programs. The European Union remains openly divided over the current sanctions — and far more economically bruised than the United States.
So even though Obama continues to talk tough on Ukraine, his offer of yet another “off ramp” runs the risk of being seized not just by Russian President Vladimir Putin but also by the EU.
What are the actual prospects for removing U.S. and EU sanctions? This question remains central to the international business community and to the broader resolution of the Ukrainian crisis.
Read more: Is there a new crack in the West’s sanctions regime against Russia? | The Great Debate
Obama’s U.N. speech, however, opens up the possibility of creating some daylight between the United States and the EU sanction programs. The European Union remains openly divided over the current sanctions — and far more economically bruised than the United States.
So even though Obama continues to talk tough on Ukraine, his offer of yet another “off ramp” runs the risk of being seized not just by Russian President Vladimir Putin but also by the EU.
What are the actual prospects for removing U.S. and EU sanctions? This question remains central to the international business community and to the broader resolution of the Ukrainian crisis.
Read more: Is there a new crack in the West’s sanctions regime against Russia? | The Great Debate
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