The (ironically named) United Kingdom is the first to openly raise concerns over trade sanctions against Russia. As The Telegraph reports,
“Britain is preparing to rule out trade sanctions against Russia amid fears that the Ukraine crisis could derail the global economic recovery“
Perhaps it is the fear of a massive liquidity suck out from London’s real estate market (or its banking system) that has the Brits on edge. We suspect Germany will be close behind as they eye exploding gas and oil prices and their dependence on Russia’s marginal production.
It would appear, just as in the case of Syria, that Obama may find himself alone among his allies…