3 ways the US can start an economic ‘reset’ with Russia

Tensions between Russia and the United States are running high. Russian President Vladimir Putin canceled his trip to Camp David for the G8 summit this weekend and Moscow threatened preemptive strikes against a US missile defense shield should it be deployed in Europe as planned. The US must design a new relationship with this often difficult leader and his country.Simply continuing the “Russian reset” of President Obama’s first term is a dead end. Washington needs a new reset that seeks to integrate Russia more fully into the international economy and community. By giving Russia – and Mr. Putin – a greater stake in strong relations with the West, the reset can also create incentives for better behavior, both domestically and internationally, by the Kremlin.