Jeff Sachs: Russia on Collision Course With West

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April 24 (Bloomberg) –- In today’s “Global Outlook,” Columbia University's Jeff Sachs discusses the Ukraine crisis with Trish Regan on Bloomberg Television's "Street Smart." (Source: Bloomberg)

In today's global outlook, we are talking about putin's parentless past.

President obama warned him that the u.s. has more sanctions ready to go if he continues to defy the geneva accord.

The director of the earth institute at columbia university says putin's provocative policies are putting it, russia, on a collision course with the west.

He is my guest post for the -- my guest host for the hour.

Let's talk about this collision course you think russia might be on.

What is going to get it there?

Why is this going to become a problem?

What putin is doing is brazen , really very disappointing after many years of fairly normal but cozy relations.

Their stabilizing -- and we don't know where it's going to stop.

There's the crimean annexation and a lot of application and a lot of attempt to disrupt the normal politics of ukraine trying to get back on track after the downfall will stop we are in a situation where putin has gone into ukraine and the expectation is he is not done.

He will continue this territorial landgrab where he wants to have a controlling block from russia all the way to china.

Realistically, how does this play out?

Are we going to sit by and allow this to happen?

Realistically, we are not going to confront this militarily.

If he did something that step over a nato boundary, i think we would be on a path to disaster.

He will continue to encroach into ukraine.

He's determined that russian territory.

It is this reestablishment of the ussr?

Rex at least in ukraine and some other places.

Other parts are outside his reach, but even when we don't respond to let kerley, and i'm against any military response, there is going to be a breakdown.

You say there's going to be a breakdown, but let me share this with you.

Saint years bird is hosting a big economic forum or summit in may.

Take a look at some of the people expected there.

We've got lloyd lang fine, head of morgan stanley, james gorman, and the number of other companies will be represented there as well.

I would say in the re-there should be a breakdown in our economic relations with russia and yet, american corporations and financial institutions seem to still be willing to do business.

We are in this intermediate phase right now where it's not clear what the intentions are or at least putin hasn't stepped over the boundary of an actual invasion.

It is true that western financial interests and business interests in germany just want things to go on, but they will not go on.

Bankers may be there, they put later there and take it out of the banks.

Lex why would anybody want to put money there?

They think they are going to make business.

Money is leaving russia, new projects are not going forward, there's is loss of capital and capital flight, and that's likely to continue even if you have the sessions, meetings and so forth.

It is an economic problem.

That should be what influences him back to the center.

Lex -- putin needs connections with normal world-class industry around the world for russia to have a chance.

They are breaking those relations.

I'm thrilled to have you here for the hour.

We will be talking next about

This text has been automatically generated. It may not be 100% accurate.


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