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Obama: U.S. eyeing steps to isolate Russia

  • Speaking to reporters ahead of a meeting with the Israeli PM, the President says Russia is in violation of international law and the U.S. is looking at economic and diplomatic steps to "isolate" the country.
  • EU foreign ministers are brandishing similar threats of sanctions of some sort.
  • One victim of the Ukraine turmoil: The Global X Social Media ETF (SOCL -2.7%), in part thanks to its 4.2% weighting of Russia's Yandex which is off 13% as Russia's stock dives.
Comments (5)
  • 11146471
    , contributor
    Comments (454) | Send Message
    To the extend of my mental capabilities I don't see how this whole play can actually put pressure on Yandex's (YNDX) real business model.


    First: Yandex is an online business with almost zero hard assets, so war cannot actually hurt them.


    Second: Their tax base and primary listing is outside Russia and denominated in USD


    Third: The only way by which they will hurt their business is by somehow blocking their websites, but let's be serious...This cannot happen!
    3 Mar, 02:58 PM Reply Like
  • squire PB
    , contributor
    Comments (48) | Send Message
    When pigs Fly
    As some one said today this Admin is "playing marbles when its in a chess match" !
    3 Mar, 03:35 PM Reply Like
  • Topcat
    , contributor
    Comments (412) | Send Message
    Your proposed solution please...specific steps, if you were President. Thanks
    3 Mar, 08:20 PM Reply Like
  • 11146471
    , contributor
    Comments (454) | Send Message
    (If president) : I would not interfere too much into Russia's backyard.


    I would ask them though (politely but decisively) not to proceed further into Ukrainian mainland, and that they should stop to Crimea and only there. Otherwise they would be confronted with a "casus beli" situation.


    Then I would propose to them to make a strategic plan for the future of Ukraine, and find the way to help them:


    1. Establish a solid modern-type democracy and


    2. Help them with a financial pact in order to overcome the dangers of financial collapse, which seem imminent the following months.


    Of course number 2 would and should include certain terms and conditions regarding the financial influence of certain powers (mainly US, EU, Russia and probably China) in Ukraine as a counter-balance to the financial help.
    4 Mar, 12:20 PM Reply Like
  • Hendershott
    , contributor
    Comments (1497) | Send Message
    Squire, you seem to have a few loose marbles.
    3 Mar, 03:47 PM Reply Like
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