plate. and what kind response? i suspect the most, the glaring and strongest sanction that would be proportional would be the banking sanctions. but there, the derivatives. there you have to get the support of the chinese banks and china has not exactly helped us when it comes to moderating north korea. china controls a lot of north korea s economic assistance, food, energy, but china s been relu reluctant to get in there and develop their nuclear weapons. so i think what needs to happen is a careful response to get the six party countries, russia, china, japan, south korea in a concerted effort here because if we just do it on our own without
blah say about it and not because they don t see the threat russia poses but it means something for their economy and they are in a fragile state. i think this will brings merkel and europeans saying we have to do this together. the united states and europe have to do these banking sanctions together to have a real impact on vladimir putin. as tragic as this is, if we do want to see the only good thing to come out of this, maybe it s a wake-up call to the europeans that their citizens are at threat here too and we have to stand against this aggression. i think this is going to prove to be the moment that putin kind of had, oh, no, this is really bad moment, yesterday, for his movement in ukraine. david gregory? congressman, do you think the president here, beyond making his case, leads militarily? by that, i mean, using nato to send a step, whether it s movement of troops, other assets
i think that s exactly the message. crimea has happened. and right now the main point is to prevent the troops from crossing into ukraine and perhaps moldova as well. that is going to happen through some kind of very clear message about banking sanctions as well as support for the ukrainians. okay. as the new york times frames it, the president is left watching as outside forces unravel his best laid plans despite all the pageantry surrounding a state visit to tokyo. the white house was unable to nail down a trade pact with japan. meanwhile, israel is suspending peace talks in the middle east after palestinian officials announced plans to create a coalition government with hamas, a group the u.s. considers a terrorist organization. it is a major disappointment to secretary of state john kerry who has spent months trying to avoid that very scenario. you know, nick, you can take each one of the problems. you can take ukraine, you can
we could stipulate there would be banking sanctions on russia if it were to move in. we could provide moral support which we i think we can do a lot more with the bully pulpit. just pointing out that putin is cheering for every russian-speaking person as long as they re not in russia. david gregory, one of nick s more chilling lines was somebody that came up and talked about the west said if you let us down here, we will never forgive you. yeah. and i guess a question i ve had as i ve read your work and have been tracking this story is how does the obama administration say to these countries we want to support you. we want you to be welcomed in the west, but at the same time send a much more forward-leaning message to vladimir putin that, look. we ll talk about crimea later, but this has to stop here. it cannot go any further. all right. go ahead, nick, real quick.
credit. i think the european union deserves credit and russia i think finally saw the light that unless there s a deescalation, their economy, which is already hurting, is going to hurt even more. do you sincerely believe that we could actually enforce those types of sanctions with the amount of u.s. business interests in russia, tougher sanctions? could that come about? we are very much extended as a country over there. there is some hesitancy about those being enforced. yes. at the same time we do have substantial investment in russia, energy investments, the russians have a lot of investment in europe and in the united states. there are banking sanctions. we ve already imposed sanctions on visas, on russian assets. we can impose sanctions on russian energy leaders, on