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Putin tells government to respond to Western sanctions

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thenews
28500
thenews  

Russian President Vladimir Putin has ordered his government to prepare retaliatory measures against the latest round of Western sanctions, Russian news agencies reported on Tuesday.

"Of course, it should be done carefully in order to support domestic producers and not hamper consumers," he was quoted as saying.

Putin tells government to respond to Western sanctions | Reuters

joe blogs
868
joe blogs  

He's a bad man

but might be cold in Europe this winter

the powers that be will get rid of him when the time is right

Jotek Tallington
144
Jotek Tallington  

Wow. Welcome to the beginning of the Cold War round 2.

thenews
28500
thenews  

Russian Retaliation: Putin Orders Ban On All Food Imports From Sanctioning Countries

Russian Retaliation: Putin Orders Ban On All Food Imports From Sanctioning Countries For A Year | Zero Hedge

thenews
28500
thenews  

"Stop Putin" Coalition Cracking

It was all fun and games while the grand western "Pariah Putin is evil" alliance was calling the shots, lobbing one sanctions after another, and Russia was quietly sitting there and taking it all. But once Europe realized that suddenly its food exporters are about to see their revenues plunge (and ostensibly lead to even more domestic deflation as all the excess produce floods domestic markets) and lead to gaping trade deficits, suddenly cries that Putin's retaliation is "unfair" have filled the air. What's worse, the moment Russia retaliated, the grand alliance started to crack. Enter Greece which has hundreds of millions in food exports to Russia, and which was the first country to hint that it may splinter from the western "pro-sanctions" alliance.

According to Bloomberg, earlier today the Greek foreign minister and former PM said that "we are in continuous deliberations in order to have the smallest possible consequences, and if possible no significant impact whatsoever." He added that Greece is trying to protect agricultural production, keep friendly relations with all countries, and fulfill its EU obligations. The problem is that it can't satisfy everyone, and certainly not its food exporters if it wants to remain on friendly terms with the same artificial union that has kept it on life support for the past 4+ years.

Bloomberg adds that Greece will set up a task force to monitor exports of Greek products to Russia, according to e-mailed statement from country’s Foreign Ministry. The task force will be comprised of representatives of Greek exporters and government officials, and its role will be to examine ways to expand markets for Greek, fruits and vegetables, in response to Russia’s decision to ban most food exports from EU countries. Greek Foreign Ministry has taken action to ensure smooth access of agricultural products to Russian market. The problem is that Putin has clearly rejected any such "action", and the moment when largely agricultural Greece will where its allegiances lie, is coming.

And making it very clear that this will be a major political issue was a statement by the main opposition party Syriza which today said that the Greek government's "blind obedience to the Cold War strategies of Brussels and Washington will be disastrous for country’s agriculture." In a moment of surprising clarity, Syriza asked govt to immediately lift all sanctions to Russia, as they don’t contribute to a solution of the Ukrainian crisis, and "instead fuel an economic and trade war, in which Greece has unfortunately become involved." Syriza concluded that the government hasn’t weighted Greece’s special interests and bilateral relations with Russia.

It's not only Greece, however. That other country which recently spat in the general direction of Brussels and instead aligned itself with Russia and the South Stream gas pipeline, Austria, also made it very clear that the sanctions approach won't stand. Exports to Russia developed better than average in recent years, Austrian Agriculture Minister Andrae Rupprechter says in e-mailed statement.

Austria exported €238 million of agricultural products, edibles to Russia last year; Russia is Austria’s 3rd biggest export destination for such products outside of the EU. These exports have grown in all but 2 years since 2006, with Austria last year mainly exporting prepared foods, meat, animal feed, coffee, tee, spices, milk.

The implication there is quite clear too: sanctions are fine and all, but the second Russia retaliates, all bets are off.

And where things get really interesting is that Germany itself, that biggest wildcard in the grand Eurasian "counter USD" alliance, said moments ago that the Russian ban on imports of meat, fish, dairy products, fruits and vegetables from EU and U.S. will have “noticeable” impact, German Agriculture Minister Christian Schmidt says in e-mailed statement.

"I very much regret that Russia has taken this clearly politically-motivated step" Schmidt said, adding that "This action by Russia undoubtedly puts the previously constructive cooperation between the Russian and the German government on the export of agricultural goods to a tough test."

It would appear that Herr Schmidt, too, is shocked that Putin didn't merely crawl back into his cave but decided that the logical response would be its own round of sanctions. His anger is palpable: "This Russian decree isn’t suitable as a means of political pressure. Russia’s boycott decision will not only have a profound impact on the German and European economy, but will also directly affect Russian consumers."

Sure, but more importantly, it will first affect German agricultural exporters, and they, unlike Russian consumers, get to vote in German elections. They also happen to be very vocal when they see their top-lines get crushed due to idiotic propaganda policies.

But the coup de grace, and what assures that things are only about to get much worse (before they get even worse) is the following:

RUSSIA PREPARING RETALIATORY MEASURES AGAINST INDUSTRY: IFX

In other words, the moment of truth for Europe is almost here, and very soon the insolvent continent will have to decide: blind allegiance to the world's (fading) reserve currency, i.e., the US (which is so friendly to its allies, it was just exposed in the biggest spying scandal with Germany in recent history), or the country which provides it with nearly a half of its energy needs and which just showed it can and will cause far more pain to Europe than vice versa.

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name
992
name  

This will never end

joe blogs
868
joe blogs  

it could back fire on Putin

the Russians might not want to go back to eating Russian only food with a few olives from Greece

and what will they do without Coca Cola?

will they have to make do with Putin own brand coke with their Vodka

one thing can be sure, some how our food will go up in price

Ovo
472
Ovo  

All those sanctions are a soft game, but the trade could be hit hard if they entered the Ukraine for the second time.

Jotek Tallington
144
Jotek Tallington  

About the Coca-Cola, and other things of that order, most if not all of it is produced inside Russia. While some things, such as perishables are not going to be let in from those countries, secondary exports (as in legally imported into someplace and resold as export again) would be a giant loophole that could be exploited. So yeah, its posturing, but not true blockage.

test
1232
test  

All that is a farce made for us (voters). If we would be left alone then we would ask questions like "How did the Clintons get $2.7 billion from donations (just for "speeches" they were payed more than $100 million) - and very similar is for current stuff - see who is the main guy in Ukraine for gas - Bidens son, and then they would disapear.

All this is politics as it was always - the worse of the worse of mankind are cheating and lying and killing us to get a couple of $ plus

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