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January 24, 2022

To Deter Russia, the U.S. May Have to Take a Hard Stance on Economic Sanctions

By Edward Fishman

On Friday, Secretary of State Antony Blinken met with his Russian counterpart in Geneva, the latest in a long series of meetings about deterring a Russian invasion of Ukraine. The Joe Biden administration and America’s European allies have made it clear that economic sanctions are about as far as they’re willing to go, but economic sanctions on Russia are already in place, going back to the annexation of Ukraine’s Crimea region in 2014. So, where does U.S. policy go from here?

Marketplace host Kai Ryssdal discussed that with Eddie Fishman, a senior fellow at the Atlantic Council, an adjunct fellow at the Center for New American Security and a State Department staffer during the Barack Obama administration. The following is an edited transcript of their conversation.

Listen to the interview from Marketplace.

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