Saturday, April 19, 2014

Optimism at the WH!

"... Our Administration contacts tell us that new sanctions are under preparation that would, as one senior official put it to us, “extract serious pain from the Russian financial sector”. The hope in Washington is that these can be avoided. One key reason is the importance of preserving a constructive Russian contribution to the ongoing nuclear talks with Iran. With signs of Iranian compliance on its undertakings to dilute its stockpile of fissile material, State Department officials have told us that their optimism that a deal can be reached by the late July deadline is rising. All concerned acknowledge that the deal will have to be 100% watertight to pass muster among a very skeptical audience on Capitol Hill. The Administration needs legislative changes if it is to reduce sanctions, so cannot afford to alienate Congress if it is to fulfill its side of any final agreement..."

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