Dan Steinbock: Russia sanctions and the EU – what went wrong?
People walk along the Red Square in central Moscow on Sept. 12, 2014. Russia's parliamentary speaker on Friday denounced new US sanctions against Moscow as \"disconnected from reality\", and charged the Ukraine crisis was an excuse for Washington to drum up tensions with its Cold War-era foe.
NEW YORK - Last March - after months of escalation in the Crimea and eastern Ukraine - President Obama initiated sanctions against Russia in financial services, energy, defence and related materials sectors.
