G7 Condemns Acts In Ukraine, Threatens To "Intensify The Costs" On Russia

As had been rumored all day, The G7 just issued yet another statement on Ukraine showing its wholehearted support for sanctions:

• *G-7 LEADERS ISSUE STATEMENT CONDEMNING RUSSIAN ACTS IN UKRAINE
• *G-7 LEADERS SAY READY TO 'INTENSIFY THE COSTS' ON RUSSIA

The statement, released by The White House, also demands "transparent" access to the MH17 crash site. As this was released, the EU announced its sanctions list (8 people, 3 entities).

As Bloomberg reports, The G7 Statement noted,

“We once again condemn Russia’s
illegal annexation of Crimea, and actions to de-stabilize eastern Ukraine,” G-7 leaders say in statement released by White House.

“Those actions are unacceptable and violate international law”

Demand “prompt, full, unimpeded and transparent” intl investigation into downing of Malaysian Airline plane

“We remain convinced that there must be a political solution to the current conflict,” yet ready to add more sanctions if Russia doesn’t change course

Then Europe released its sanctions list:

• *EU ADDS EIGHT PEOPLE, THREE ENTITIES TO UKRAINE SANCTIONS LIST
• *EU NAMES RUSSIAN OLIGARCH ARKADY ROTENBERG TO SANCTIONS LIST
• *EU ADDS RUSSIA'S YURIY KOVALCHUK, ALEXEY GROMOV TO BLACKLIST

Full list here:

Comments

[AdvancingTime]

 In reality America has few military options in Russia's backyard unless it has the backing of a full and enthusiastic NATO and that is very unlikely. Europe has reason to be unexcited about a possible long and expensive conflict. While still trying to recover from a recession Europe would face fuel shortages and a massive spike in the price of natural gas. 

Currently Russia supplies much of the gas used in Europe, this gives Putin a great deal of leverage. If an actual ground attack were to occur few see the Russians as likely to rollover as other armies have when America approaches. More on this subject in the article below.

http://brucewilds.blogspot.com/2014/07/putin-holds-all-cards.html