During his press conference on Wednesday, President Obama seemed a little confused as to whether or not sanctions against Russia are working. In the same response to a question from NBC News White House Correspondent Chris Jansing, the President said he did not know if the sanctions are working, but that they are “working the way they are supposed to be.”
Jansing: Russia said today it’s going to ban food and agricultural product imports–that was about $1.3 billion last year. At the same time, Defense Secretary Chuck Hagel said the amassing of troops along the border of Ukraine increases the likelihood of an invasion. Are sanctions not working?
President Obama: Well, we don’t know yet whether sanctions are working. Sanctions are working as intended in putting enormous pressure and strain on the Russian economy.
We are doing exactly what we should be doing. Sanctions are working the way they are supposed to be.