US Ambassador Says Russian Sanctions Near

The United States is prepared to step up sanctions against Russia if the recent actions in Ukraine continue, U.S. Ambassador to the U.N. Samantha Power said on Sunday.

NATO described the appearance in eastern Ukraine of men with specialized Russian weapons and identical uniforms without insignia – as previously worn by Moscow’s troops when they seized Crimea – as a “grave development.”

Power said on ABC’s “This Week” the latest events in Ukraine bore “the telltale signs of Moscow’s involvement.”

“I think we’ve seen that the sanctions can bite and if actions like the kind we’ve seen over the last few days continue, you’re going to see a ramping up of those sanctions,” Power said.

via CNBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza