Pheonixops
Proud Liberal
Immediately halt all trade with Russia, and get all EU members to do the same. Get American and European businesses in Russia to pack up and leave. Encourage allies in Asia, South America, and Africa to similarly halt trading with Russia. Spare no effort to weaken Russia's economy as much as possible. The ruble is already going down, massive sanctions would make it collapse.What if the Russians decide to cut off their natural gas and aggressively move in to collect their debt? What do you think we should do if they did one or both of those actions?They shouldn't give a cent to the Russians till they back off, regardless what they owe them.
How would that help Ukraine and Europe when they depend on Russia for fossil fuels? It's was at almost 40% for both oil and natural gas. If the EU did such a thing, it would really hurt them, I think that it would ruin the EU's economy and posible the world's economy if those resources became more scarce.