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As the FT reports, in silent and not so silent preparations for what will be near-certain financial sanctions (which would include account freezes and asset confiscations following this Sunday's Crimean referendum) the snealy Russians, read oligarchs, have already pulled billions from banks in the west thereby essentially making the biggest western gambit - that of going after the wealth of Russia's 0.0001% - moot.
Russian companies are pulling billions out of western banks, fearful that any US sanctions over the Crimean crisis could lead to an asset freeze, according to bankers in Moscow.
Sberbank and VTB, Russia’s giant partly state-owned banks, as well as industrial companies, such as energy group Lukoil, are among those repatriating cash from western lenders with operations in the US. VTB has also cancelled a planned US investor summit next month, according to bankers.
The flight comes as last-ditch diplomatic talks between Russia’s foreign minister and the US secretary of state to resolve the tensions in Ukraine ended without an agreement.
“Sanctions could lead to retaliatory action, and that would trigger a spiral with unforeseeable consequences,” warns China’s envoy to Germany adding that “we don’t see any point in sanctions.” On the heels of Merkel’s warning that Russia risked “massive” political and economic damage if it did not change course, Reuters reports ambassador Shi Mingde urged patience saying “the door is still open” for diplomacy (though we suspect it is not) ahead of this weekend’s referendum. Russia’s Deputy Economy Minister Alexei Likhachev responded by promising “symmetrical” sanctions by Moscow. So now we have China joining the fray more aggressively.
China Warns of “Retaliatory Action” and “Unforeseeable Consequences” Over U.S. Monday Deadline
SubTruth
reply to post by Bassago
A smarter man then me figured out what it truly takes to have a revolution in a country........The amount food costs in comparison to disposable income.
The US and most of the western world is under 10%.
Russia is 30%.
At 40% revolution will happen more often then not. This is all anyone needs to understand the cold hard truth. Russia will fall apart from the inside out as they struggle to keep there own people in line.edit on 15-3-2014 by SubTruth because: (no reason given)
Russia will fall apart from the inside out as they struggle to keep there own people in line.
Not surprised to here china is involved. Those bastards dont do the international community any benefit unless its on thier terms or primary interests.
LittleGreenAlien
reply to post by Bassago
Wouldn't it be great if we could develop a weapon than spanned the globe and turned every selfish and greedy politician to dust. Could you imagine how much better the world would be the next day!
LittleGreenAlien
reply to post by Bassago
Wouldn't it be great if we could develop a weapon than spanned the globe and turned every selfish and greedy politician to dust. Could you imagine how much better the world would be the next day!
Anyway, enough dreaming; perhaps it's time the people of the world united against corrupt governments, greedy corporations, and fundamentalists of all kinds. The world would be a wonderful place to live!
But then again I think I'm just dreaming. Yep, that's it.
The scenarios in this dream:
www.abovetopsecret.com...
are consistent with such, imho.
SubTruth
reply to post by Bassago
A smarter man then me figured out what it truly takes to have a revolution in a country........The amount food costs in comparison to disposable income.
The US and most of the western world is under 10%.
Russia is 30%.
At 40% revolution will happen more often then not. This is all anyone needs to understand the cold hard truth. Russia will fall apart from the inside out as they struggle to keep there own people in line.edit on 15-3-2014 by SubTruth because: (no reason given)