The Last Trumpet's gonna sound, eventually.
[NBCNEWS] Tighter U.S. and European sanctions to contain Moscow's Ukrainian land grab will be tough to pull off. But if fully deployed, they could be very painful to Russia's already weakening economy.
For all the headlines, the sanctions invoked so far against Moscow for invading Crimea amount to little more than a slap on the wrist.
"The sanctions so far from the U.S. and Europe are primarily signaling, but they're not going to fundamentally change Russian behavior," former World Bank president Robert Zoellick told CNBC.
The "signals" include Russia's suspension from the Group of Eight major industrialized powers on the eve of a long-planned summit in Sochi. U.S. and European authorities have also frozen the assets of a handful of President Vladimir Putin's closest political allies. |