‘Right Version of Steinmeier Formula Is Now on Table’ — Alexander Vershbow
The Hudson Institute discussed a report on the impact of sanctions against Russia on the US economy
On March 30, the Hudson Institute in Washington hosted a discussion of the report entitled “Sanctions Against Russia: Implications and Economic Costs for the United States“.
The report was presented by Anders Fogh Rasmussen – former NATO Secretary General and former Prime Minister of Denmark – and former US Ambassador to Russia (later serving as NATO Deputy Secretary General for several years) Alexander Vershbow.
In his speech, Alexander Vershbow said that there are no grounds for easing sanctions against Moscow.
“There is no compelling economic reason to ease the sanctions,” Vershbow said. “Since US trade with Russia is extremely small,” he continued, “less than 1% of (total) our trade, the sanctions had little impact on US economic growth and trade opportunities.”.
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“This (the imposition of sanctions) influenced the Europeans more than us,” the diplomat said..
Vershbow noted another circumstance: “Those who suffered the most – countries such as the Baltic states, Poland, Finland – are very enthusiastic about the preservation of sanctions.”.
“We should not remove from the agenda those countries that cost dearly, but who understand that sometimes protection of the principle is more important than profit,” the former US Ambassador to Russia emphasized..
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