"In other words, today, Russia is once again isolating itself from the international community" -President Obama in a statement on Jul 29 2014, announcing increased trade sanctions against Russia.
"Russia is introducing a full 12 months embargo on the import of beef, pork, fruits and vegetables, poultry, fish, cheese, milk and dairy products from the European Union, the United States, Australia, Canada and the Kingdom of Norway. Russia is also introducing an airspace ban against European and US airlines that fly over our airspace to Eastern Asia, namely, the Asia-Pacific Region and is considering changing the so-called Russian airspace entry and exit points for European scheduled and charter flights. Furthermore, Russia is ready to revise the rules of using the trans-Siberian routes, and will also discontinue talks with the US air authorities on the use of the trans-Siberian routes." - The Sakers interpretation of Russias response yesterday.
I have to ask, as per The Times headline; Exactly who is isolating themselves from whom? Who is going to get hurt the most? Doesn't Washington understand the principle that a mere allegedly "regional power" like Russia is quite capable of making more trouble for the West than we can inflict on it?
Does Washington really think that the Russian people are going to march on the Kremlin to vent their anger at President Putin because of Washingtons sanctions? My own opinion is that sanctions will only strengthen the existing trade links between the BRIC group of nations and hurt "us" more than "them". As a friend whose economic knowledge is far better than mine pointed out; Once new market channels are opened in response to sanctions, it becomes extremely difficult to win back those markets when sanctions are lifted.