(Video Incl.)West can’t win new US-Russia Cold War: Activist

Greetings,

West can’t win new US-Russia Cold War: Activist

“I think that this is the beginning of a new Cold War that the West can’t win,” Daniel Patrick Welch told Press TV on Tuesday.

—

Washington and Moscow are at loggerheads over the current situation in Ukraine after the ouster of President Viktor Yanukovych.

The Pentagon announced on Monday that it suspended all military engagements and exercises with Russia over the crisis in Ukraine.

The Obama administration accused the Kremlin of planning a military intervention in Ukraine. However, Russian officials have denied the allegation.

Russian President Vladimir Putin called the ouster of the Ukrainian president an “unconstitutional coup.”

“There can be one assessment of what happened in Kiev and Ukraine as a whole. This was an anti-constitutional takeover and armed seizure of power,” he said.

Putin also denied sending in troops, saying local forces were operating in Crimea.

Meanwhile, President Barack Obama said that if Russia continues on present path, the US will take a “series of steps – economic, diplomatic – that will isolate Russia and will have a negative impact on Russia’s economy and its status in the world.”

In response, Putin’s economic advisor Sergei Glazyev warned that Russia may be forced to stop using the dollar for international transactions if Washington acts on its sanctions threat.

“We would find a way not just to reduce our dependency on the United States to zero but to emerge from those sanctions with great benefits for ourselves,” Glazyev said.

“An attempt to announce sanctions would end in a crash for the financial system of the United States, which would cause the end of the domination of the United States in the global financial system,” he added.

Click here for reuse options!
Copyright 2014 Hiram's 1555 Blog