It might be a good idea to close off this business that Goldman Sachs is involved in, in the future, if it can be shown that what they`d be able to do is drive down the price of future Russian debt by stopping Goldman Sachs from trading in current and existing Russian debt.

This is Putin`s price hike. The fear of supply disruption is what`s driving global markets to push the price of oil and gas higher.

Each of our nation is going to take steps to deny most favored nation status to Russia. The G7 will seek to deny Russia the ability to borrow from leading multilateral institutions, such as the International Monetary Fund and the World Bank. Putin is an aggressor. He is the aggressor, and Putin must pay the price.