Russia warns Sanctions could 'reduce to zero' economic dependency on US

ressiv
we have 3 superpowers operating in this world
if 1 of them takes to much the other2 will egalise it
Ukraine was i step to much for the US.

How was it one step too much for the US? Other than mention sanctions we've kept our nose fairly clean on this and wisely so. Russia takes a big game but its all hot air. Some of their most stalwart allies are distancing themselves from Russia over this fools errand.

marking the first time its leaders have ever turned against Russia on such a major strategic issue: “Kazakhstan expresses deep concern over the developments in Ukraine,” the Foreign Ministry said. “Kazakhstan calls on all sides to stop the use of force in the resolution of this situation.”

China, which has long been Russia’s silent partner on all issues of global security from Syria to Iran, has also issued cautious statements regarding Russia’s actions in Ukraine. “It is China’s long-standing position not to interfere in others’ internal affairs,” the Foreign Ministry reportedly said in a statement on Sunday. “We respect the independence, sovereignty and territorial integrity of Ukraine.”

ofcourse any int. sanction will be blew away by an chinese veto

That only applies to the UN Security Council. The US senate can impose its own sanctions on Russia. It only affects the American government and American businesses as opposed to all members of the UN. And honestly I'm not sure Cina would veto actions if they were brought before the Security Council.

China, which has long been Russia’s silent partner on all issues of global security from Syria to Iran, has also issued cautious statements regarding Russia’s actions in Ukraine. “It is China’s long-standing position not to interfere in others’ internal affairs,” the Foreign Ministry reportedly said in a statement on Sunday. “We respect the independence, sovereignty and territorial integrity of Ukraine.” world.time.com...

Even tiny little Armenia is distancing itself from Russia by recognizing the new Ukrainian govt. in Kiev.

since years russian stockmarkets were not mentiont in dutch MSM..
yesterday we heared that the russian market lost11% due the crisis and an loss of 43 billion...
if the oil and gas has to be paid in roebels..than the russian market will gain much moore than that i suppose..
and the roebel will rice in price...

Not only are the Russian markets in the tank, their entire economy is in the verge of a repeat of 2008. They just increased interest rates 50% from 5 to 7.5%. That's a huge jump on no notice. Also a poll taken yesterday in Russia says that 73% of Russians think that what Putin has done is a terrible idea and doesn't benefit them at all. Only 15% of respondents thought that the current intervention in Ukraine is a good idea. To put the Russian market tanking into perspective, that 10% loss is the equivalent of 60 billion USD, more than they spent on the entire Sochi Olympics was lost in a single day. The Ruble has dropped against the US dollar to its lowest point in history to the point that Russia spent 10 billion trying to prop it up. Even without the US imposing sanctions, the Russian economy is shot, at least for the time being. Putins Crimean adventure will increase capital flight, weaken Russian asset prices, slow investment and economic activity and growth and that doesn't even account for potential sanctions which would hurt their economy even further. If this keeps up much longer, the Russian economy will end up looking like it did in the early 90's with people waiting hours in line for basic staples like meat and bread and dairy products.

ai ai...

US/EU have 2 options left...nuke Russia ore back off

Actually no, our only option is to support and defend Ukraine militarily if Russia uses force in any way. The US and UK both signed a treaty with Ukraine in 1994 guaranteeing our assistance in defending Ukraine from any force threatening them in exchange for Ukraine giving up the nuclear arms they had inherited after to dissolution of the USSR. so backing off is not an option at all and nobody in their right mind is going to engage in MAD with even a minor nuclear skirmish. The implications are too staggering for me to even imagine but there's no way we would use nuclear weapons against one of the only countries that could strike anywhere in the mainland US. It would be suicide. Our government is certainly inept but its not suicidal.


At the end of the day, despite impressions given by majority of the worlds press Russia has managed to alienate its own citizens domestically as well as their closest allies internationally. This looks far more like Putin bit off more than he could fit in his mouth let alone chew, not the United States. There is no way for Putin to save face let alone emerge the victor in this mess he's created.

maddy21

www.google.com...

Moscow — Russia could reduce to zero its economic dependency on the United States if Washington agreed sanctions against Moscow over Ukraine, a Kremlin aide said on Tuesday, warning that the American financial system faced a "crash" if this happened.

"We would find a way not just to reduce our dependency on the United States to zero but to emerge from those sanctions with great benefits for ourselves," said Kremlin economic aide Sergei Glazyev, saying Russia could stop using dollars for international transactions.

"An attempt to announce sanctions would end in a crash for the financial system of the United States, which would cause the end of the domination of the United States in the global financial system," he added.

Well.... this could be a perfect excuse to blame someone else for any economic crash ..

How did that work out for the Soviet Union, during the Cold War?

You people are forgetting one thing, EXPORTING.
The US is set to be the next exporter of oil and natural gas in a couple of years, if not next year...
It matters not if russia raises the price of its resource, we will be their for the EU when we cross that bridge.

reply to post by ~Lucidity

~Lucidity
Zero economic dependence actually sounds pretty good to me.

Wish the US had that.

Go ahead and try autarky... wait how long it takes until the IMF drops democracy on your ass.

ColCurious
reply to post by ~Lucidity

 

~Lucidity
Zero economic dependence actually sounds pretty good to me.

Wish the US had that.

Go ahead and try autarky... wait how long it takes until the IMF drops democracy on your ass.

Meh, I'd just join NAM.

But I totally get what your ass means.

Hmmm Russia is the second largest diamond exporter in the world? sanctions?!?!, lol.