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Topic - Juan Zarate
The Obama administration claims it can use economic sanctions to punish Russian aggression in Eastern Europe, but the strategy has quickly run into problems, say analysts, who note that too aggressive a move by the White House could result in blowback on major American companies with close ties to the Russian economy.
China will become the world's largest importer of crude oil in October, surpassing the U.S. for the first time as the Asian giant's rising consumer class of drivers grows increasingly thirsty for fuel, the U.S. Energy Information Administration is projecting.
As Russian authorities sift through the wreckage of the Moscow airport attack, the world's attention will be drawn to the Muslim separatists who experts suspect carried out the Monday bombing.
"The Russian case study may be revealing the inherent limitations in the use of financial and commercial isolation tools that have been so effective against others over the last 12 years," said Mr. Zarate, whose 2013 book, "Treasury's War: The Unleashing of a New Era of Financial Warfare," examined the record of past U.S. sanctions regimes.
"The reality is we can use sanctions to impose serious costs on the Russian economy," said Mr. Zarate. "But officials are still trying to figure out how to nuance those measures so that we're not cutting off our nose to spite our face."