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More Blowbacks: Russia to Build 8 New Nuclear Reactors in Iran;

• Mike Shedlock

As the US (but not Germany) threatens more sanctions to "punish" Russia, I keep wondering who is punishing whom?

Is Chancellor Merkel finally beginning to see the economic and geopolitical stupidity of sanctions?

I ask because the Wall Street Journal reports Merkel: No New Economic Sanctions on Russia Planned.

Meanwhile, Obama and Putin briefly met on Tuesday at the Asia-Pacific Economic Cooperation summit in Beijing.

On that note, the Washington Examiner reports Obama Talks Ukraine with Putin as White House Hints New Sanctions are Coming.

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