Obama Levies New Sanctions Against Russia. Europe Ponders Whether to Follow Suit.

Fight disinformation: Sign up for the free Mother Jones Daily newsletter and follow the news that matters.


We now have a response to Russia’s latest military provocations in eastern Ukraine:

President Obama is ratcheting up pressure on Russia with new sanctions aimed at large banks and defense firms in what administration officials say is the most significant crackdown on Russian individuals and businesses since the crisis in Ukraine began.

….The new penalties come in coordination with European leaders now meeting in Brussels to contemplate their own sanctions against Russia. Those efforts are expected to center on obstructing loans to Russian interests from European development banks.

I’ll be curious to see what the Europeans decide to do. For all the opportunistic griping from Republicans about Obama being too soft on Putin and inviting a new Cold War blah blah blah, it’s always been European leaders who have been the obstacle to harsher sanctions against Russia. And since Russia does very little business with the US but does lots of business with Europe, American sanctions just don’t matter that much unless the Europeans join in. Obama’s hands are tied.

Of course, the very fact that Europe does lots of business with Russia means that sanctions hurt them a lot more than they hurt us. It’s easy for Americans to be blustery and hawkish, safe in the knowledge that Russian retaliation can’t really hurt us much. It’s a lot less easy for Europeans.

That said, the fact is that Obama has been trying to take the lead on this for months. European leaders now need to decide if they’re willing to join in. The ball’s in their court.

WE CAME UP SHORT.

We just wrapped up a shorter-than-normal, urgent-as-ever fundraising drive and we came up about $45,000 short of our $300,000 goal.

That means we're going to have upwards of $350,000, maybe more, to raise in online donations between now and June 30, when our fiscal year ends and we have to get to break-even. And even though there's zero cushion to miss the mark, we won't be all that in your face about our fundraising again until June.

So we urgently need this specific ask, what you're reading right now, to start bringing in more donations than it ever has. The reality, for these next few months and next few years, is that we have to start finding ways to grow our online supporter base in a big way—and we're optimistic we can keep making real headway by being real with you about this.

Because the bottom line: Corporations and powerful people with deep pockets will never sustain the type of journalism Mother Jones exists to do. The only investors who won’t let independent, investigative journalism down are the people who actually care about its future—you.

And we hope you might consider pitching in before moving on to whatever it is you're about to do next. We really need to see if we'll be able to raise more with this real estate on a daily basis than we have been, so we're hoping to see a promising start.

payment methods

WE CAME UP SHORT.

We just wrapped up a shorter-than-normal, urgent-as-ever fundraising drive and we came up about $45,000 short of our $300,000 goal.

That means we're going to have upwards of $350,000, maybe more, to raise in online donations between now and June 30, when our fiscal year ends and we have to get to break-even. And even though there's zero cushion to miss the mark, we won't be all that in your face about our fundraising again until June.

So we urgently need this specific ask, what you're reading right now, to start bringing in more donations than it ever has. The reality, for these next few months and next few years, is that we have to start finding ways to grow our online supporter base in a big way—and we're optimistic we can keep making real headway by being real with you about this.

Because the bottom line: Corporations and powerful people with deep pockets will never sustain the type of journalism Mother Jones exists to do. The only investors who won’t let independent, investigative journalism down are the people who actually care about its future—you.

And we hope you might consider pitching in before moving on to whatever it is you're about to do next. We really need to see if we'll be able to raise more with this real estate on a daily basis than we have been, so we're hoping to see a promising start.

payment methods

We Recommend

Latest

Sign up for our free newsletter

Subscribe to the Mother Jones Daily to have our top stories delivered directly to your inbox.

Get our award-winning magazine

Save big on a full year of investigations, ideas, and insights.

Subscribe

Support our journalism

Help Mother Jones' reporters dig deep with a tax-deductible donation.

Donate