The Naif-in-Chief blew that one, but good.
....The missile shield was officially canceled in September 2009. Shortly thereafter President Obama met with President Medvedev who came out of the meeting conceding "in some cases, sanctions are inevitable."
A diplomatic victory for Obama? Not remotely. Less than a month later, Russia reversed itself and declared that "[t]hreats, sanctions and threats of pressure in the current situation, we are convinced, would be counterproductive." After the US and the EU imposed tough penalties on Iran in September of this year, Russia immediately condemned the sanctions regime and started finding ways to undermine it....Hopeless naif.
More on the 6th-grade geopolitical smarts of Obozo here, related to Israel and the Arabs.