Bloomberg – “It’s some well-timed basketball diplomacy that will certainly help the atmospherics,” said Douglas Busvine, director of Russian research for New York-based Medley Global Advisors LLC, which consults for hedge funds and banks. “But it will take more than cheering the Nets from the bleachers to overcome contentious issues such as Iran’s nuclear dossier.”
Obama said earlier this week that Iran may face new sanctions if it doesn’t halt its nuclear development program, a measure Medvedev said may be “in some cases inevitable.” The meeting may have brought the positions of the U.S. and Russia to their closest point to date.
