Filed under: Foreign Policy, Japan, Middle East, National Security, Russia, The United States | Tags: Obama's Foreign P0licy, Russia and Crimea, What Peace Process?
From the front page of the New York Times:
TOKYO — President Obama encountered setbacks to two of his most cherished foreign-policy projects on Thursday, as he failed to achieve a trade deal that undergirds his strategic pivot to Asia and the Middle East peace process suffered a potentially irreparable breakdown.
Mr. Obama had hoped to use his visit here to announce an agreement under which Japan would open its markets in rice, beef, poultry and pork, a critical step toward the Trans-Pacific Partnership, the proposed regional trade pact. …
In Jerusalem, Israel’s announcement that it was suspending stalemated peace negotiations with the Palestinians, after a reconciliation between the Palestine Liberation Organization and the militant group Hamas, posed yet another obstacle to restarting a troubled peace process in which Secretary of State John Kerry has been greatly invested.
From the Wall Street Journal:
The U.S. and the European Union imposed more sanctions on Russia Monday and both the ruble and Moscow stock index rallied, the latter up 1.5% The markets didn’t take this response to the Kremlin’s war on Ukraine seriously, and neither will Vladimir Putin.
The Journal added:
Sanctions only make sense if they cause enough economic pain to make Russians begin to question the wisdom of Kremlin imperialism. Otherwise they make the West look weak and disunited. This is exactly what Mr. Putin is counting on, and so far he’s been right.