Speaking in the Estonian capital, Tallinn, US President Barack Obama said Russian aggression in Ukraine that threatens a Europe dedicated to peace will not be without consequences and Moscow is feeling the pinch:
“Make no mistake, Russia is paying a price. Capital is fleeing, foreign investment is plummeting because investors know that today’s Russia is a bad bet,” said the president.
He criticised Russia’s control of energy supply to manipulate Kyiv. Obama wants a change: “Diversify its energy sources, no country should be held hostage to another nation that wields energy like a weapon.”
The US president then turned to NATO allies to show support to Ukraine at the upcoming summit: “So in Wales we will meet as an alliance with President Petro Poroshenko. It will show that our 28 nations are united in support of Ukraine’s sovereignty with the right to defend its territory.”
At the meeting NATO leaders are expected to approve a rapid response force to deploy in eastern Europe when necessary, a move described as “defensive” by the White House.