Rumors have it that Obama may ask for the sanctions on Russia to be dropped.
BTW this is starting to impact Europe.
It should be noted that the crash in oil prices is due to less demand for it from China, whose economy is grinding to a halt. The Saudis are not pumping any more, they are actually cutting production by a bit.
What’s a good example of the impacts in Europe that you mention?
EU just passed additional sanctions today.
http://uk.reuters.com/article/2014/12/18/uk-ukraine-crisis-eu-idUKKBN0JW19120141218
So what happens when China starts trying to collect debt owed instead of just letting it roll over into new bonds