The West united towards Russia. Will its nerve maintain as costs soar?

“I would only wish you not lose this feeling of unity,” he said, calling again for maximum pressure on Moscow.

Three months after Russia’s invasion of Ukraine, leaders from Europe and the United States emphasize that they remain committed to sticking with unprecedented sanctions in an attempt to force President Vladimir Putin to pull its troops out.

“I am very worried about what a recession in Europe would do to European resolve to stick with it and continue to escalate the sanctions,” Jason Furman, a Harvard professor who previously served as President Barack Obama’s top economic adviser, told CNN Business.

Already, cracks are starting to form in Europe’s united front. Hungary’s Viktor Orban, who was not present in Davos, has led dissenters in blocking the European Union’s plans for an oil embargo on Russia, a bid to cut off a major source of revenue for Moscow. The goal of ultimately getting rid of Russian gas could prove even more difficult.

In the United States, President Joe…

The post The West united towards Russia. Will its nerve maintain as costs soar? appeared first on CaymanMama.com.

from CaymanMama.com https://ift.tt/0GUXQx7