Roman Waschuk, former ambassador of Canada to Ukraine, characterized the West’s latest efforts to block Russia from the global financial system as “killer sanctions.”
Waschuk acknowledged in an interview with the Financial Post’s Larysa Harapyn that while the first round of economic sanctions imposed against Russia didn’t do much; however, the second round – which has involved freezing Russian central bank reserves – has packed a punch.
“It would be a significant deterrent to a person in a normal frame of mind,” Waschuk said. “Sadly, I think President (Vladimir) Putin is no longer there… I think he’s living in his own mind.”
Waschuk said he supports NATO’s decision to keep the conflict at arms-length given Putin’s nuclear threats. “This is a prudent choice,” he said.
Keep an eye on financialpost.com and the FP’s YouTube channel for the full interview, which will be posted soon.
— Marisa Coulton
Read more in the publication at the link.
How the Russia-Ukraine crisis is impacting markets, business and the economy (Financial Post)