Russian President Vladimir Putin has made himself an international lawbreaker by violating the treaty he signed guaranteeing Ukrainian sovereignty, yet neither the United States nor NATO is willing to put the “military option” on the table.
Maybe everyone is missing another option.
It has been reported that Mr. Putin has personal funds hidden away in bank accounts in several European banking centers. Why can’t the European Union merely freeze his personal bank deposits?
Such action wouldn’t significantly affect E.U. nations’ business relationships with Russian companies (even state-owned ones), and it certainly would have a punishing effect on Mr. Putin himself — much more so than the cancellation of a Group of Eight planning session, or even the meeting itself.