William Katz:  Urgent Agenda

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THE FOURTH FIGHTING SANCTIONS DIVISION IS ON THE WAY! – AT 11:38 A.M. ET:   The Ukraine crisis escalates every day, with many Ukrainians fearing an outright invasion by Russia.  And the heroic West is responding.  With sanctions.  Watch our guys in action!  When the going gets tough, the tough impose sanctions.  From Reuters: 

BRUSSELS - Senior EU diplomats have agreed to hold emergency talks in Brussels on Monday to discuss the deterioration on the ground in Ukraine and extra sanctions on Russia, EU sources said on Saturday.

Three sources, speaking on condition of anonymity, said a meeting was expected to take place around midday on Monday.

A source really needs to keep his anonymity if he's revealing the time of another meeting.  That's hot stuff.

Leaders of the Group of Seven major economies agreed on Saturday at a meeting in South Korea to impose extra sanctions on Russia over its intervention in Ukraine, where armed pro-Moscow separatists detained a group of international observers and accused them of being NATO spies.

COMMENT:  Sanctions on Russia are a joke.  They're never strong enough to make a dent because the European nations, especially Germany, depend on Russian trade.  And Obama, I think, has a kind of nostalgic view of the Kremlin.  Kerry is on record as saying the Soviets were never a threat to us.

So I'm not expecting anything other than an additional tap on the wrist.  Or, maybe Putin will be sent to bed without that promised pint of vanilla fudge. 

Meanwhile, Ukraine is a tinderbox.

April 26, 2014