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Sunday 23 March 2014

Sanction me baby one more time

Asia Times Online
Pepe Escobar

If we come to a minefield, our infantry attacks exactly as if it was not there - Marshal Georgy Zhukov

Let's start with the serious stuff. As Russia's Federation Council ratifies a treaty with Crimea, concluding the formal annexation, Ukraine signs the political chapters of an association agreement with the European Union (EU). The signing of the full EU agreement will only happen later in 2014.

These are the facts on the ground. Now let's turn to comedy hour - also known as the sanctions war.

The oh-so democratic EU has punished the democratic Crimea


referendum by sanctioning 33 Russians and Crimeans with asset freezes and travel bans, according to that Magritte-style walking fiction, European Council President Van Rompuy. The EU also canceled the EU-Russia summit in Sochi on June 3. And the vast, Kafkaesque bureaucracy of the European Commission (EC) has taken time out from subsidizing European cows to prepare for "possible economic sanctions", according to German Chancellor Angela Merkel.

The EU is irretrievably split on what to do. Whatever it does, Moscow's capacity to make the EU badly hurt is stronger. There may be another meek set of sanctions next week, as Merkel advertised. But that's it.


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