September 2, 2008 12:00 AM

Target Kremlin pocketbooks

Further escalating the crisis in the Caucasus, Russian President Dmitry Medvedev recognized the independence of South Ossetia and Abkhazia last week; their annexation by Russia is likely to follow shortly. Russian promises to withdraw troops to pre-conflict positions ring increasingly hollow. Russian officials have threatened to use nuclear weapons against Poland and Ukraine. All signs point to the Kremlin's decision to launch a new Cold War.

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