President Donald Trump grudgingly signed legislation that enacts new sanctions on Russia as well as restricting Trump’s own ability to relax sanctions on Russia. This law gives Congress more power as they now have the ability to veto any bills he passes to reduce sanctions on Russia.
The White House was not too pleased about the law. The same can be said for Russian authorities with Russian PM Dmitry Medvedev saying that “fully-fledged trade war (has been) declared against Russia”. Putin responded with new sanctions on the US.
The aim of the sanctions is to punish Russia for meddling in the US election. However, the sanctions will do little to make Russia think twice about hacking accounts, especially since they survived with sanctions already in place.
The real purpose of the sanctions is mainly to expose Trump’s closeness with the Russian government and for Congress to score some political points. While many in the US will laud Congress for the law, in actual fact the American people lose the most with the law. The sanctions on Russia has impacted many Americans that have clients in Russia or investments in Russia. Russia has one of the biggest economies in the world and trade between Russia and the US will only benefit the countries and its people. Russia can be a great market for businesses in the US, especially since it has a population of around 145 million people. The real losers of the sanctions are the American and Russian people.
Tensions between the US and Russia should be reduced not increased. Having these two heavyweights battle can only be bad news for the international community.