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Putin warns Ukraine against implementing EU deal -letter

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posted on Sep, 29 2014 @ 07:21 AM
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The Cost of Putin’s Economic U-Turn


Those days are now consigned to what might have been. Putin began turning away from his new friends as early as 2003, and accelerated the retreat as his third term in the Kremlin got under way in 2012. He cracked down on dissidents, curbed economic freedoms and, this year, fomented the rebellion in eastern Ukraine.

The result: Russia, now bordering on recession, suffers mounting international sanctions and, increasingly, is a pariah in capital markets. While the MSCI World Index of equities is up 9.7 percent from a year ago, the Micex is down 2.9 percent. The ruble, which today reached a record low, has fallen 30 percent since Putin first became president.




Putin Ready to Borrow Above 9% Amid Bonds’ Worst Quarter


[

After shunning bond auctions for nine weeks amid the worst quarter for ruble debt since 2011, Russia indicated it’s prepared to borrow at more than 9 percent for the first time in almost five years.

In its first auction since July 16, the Finance Ministry sold all 10 billion rubles ($262 million) of August 2023 notes on offer to a single bidder on Sept. 24 at an average yield of 9.37 percent. Current yields are “acceptable” and the finance ministry plans to fulfill this year’s bond sale plan, it said in an e-mailed response to questions on Sept. 26.




Russian government bonds lost 12 percent in the third quarter in dollar terms, their worst performance since 2011, according to Bank of America Merrill Lynch data.




posted on Sep, 29 2014 @ 07:22 AM
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Ruble Drops to Record, Heads for Central Bank Intervention Level


The ruble weakened to a record low, approaching the level at which Russia’s central bank said it would intervene to support the currency.

The currency fell 0.9 percent to 44.2637 versus the central bank’s target basket of dollars and euros at 11:24 a.m. in Moscow. That’s 0.3 percent away from the level of 44.40 at which the central bank said it would begin market interventions. Ten-year government bonds retreated, pushing the yield up three basis points to 9.35 percent.




“The market is getting closer to panic,” Dmitry Polevoy, chief economist at ING Groep NV in Moscow, said in an e-mailed note. “The ‘ghost’ of peak external debt payments in September and December is the most often-cited enemy of the ruble. The attempt to test 44.40 looks well grounded.”



posted on Sep, 29 2014 @ 10:39 PM
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a reply to: Xcathdra

There are two ultimate sanctions on Russia: a) denial of using SWIFT banking system b) EU stops buying Russian gas.

Both sanctions can be bypassed easily.

SWIFT via third nations banking, using checks and drafts for payments etc. and also setting up alternative and parallel SWIFT type system. Will slow down transactions a little initially but that's about it.

Russia has already found an alternative long term buyer which is China. Only thing is how fast pipelines are made for delivery. Push comes to shove, the gas can be delivered initially by the rail and road transport systems. Shipping channel can also be used. However, sudden shut down of importing the Russian gas will surely throw EU into recession as Russia does $300B of trade with Germany alone. The moment Russia denies the overflight rights over its territory, dozens of western airlines will file for bankruptcy within months. Russia will also start to supply advanced weapons to countries like Iran, Syria, North Korea etc.

Good part of this all geo-politics in Ukraine is, finally Russia is looking inwards to cultivate domestic industries to produce various goods. Also, Russia is looking more towards Asia, where the real growth is.

West will be wise enough before playing anymore sanctions cards. They will surely backfire massively.




posted on Sep, 29 2014 @ 11:04 PM
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originally posted by: tsurfer2000h
a reply to: BasementWarriorKryptonite




I genuinely have no clue what you're talking about, but thanks for elaborating enough for me to understand that you mean you think the words I used in a post are similar to those used by another - who is the certain person?



Don't worry it's just a little problem that he has with certain members that don't fall for the usual BS coming from those who think Putin is god and does nothing wrong.

Welcome to the club...



The only club I see on this site is the one that cries to look outside of ones own nation for all the answers to the problems in the world....dam if only the rest of us would see it that way too huh !!

And this club, is why things are going so badly here on this earth for so many, it exists without form, or a name, but it loves the Bible at times, which tells it that the big bad wolf is over there, and we had better be snide and condescending and call everyone who doubts you losers.

The saddest club that anyone could ever imagine.



posted on Sep, 30 2014 @ 01:12 AM
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a reply to: DJW001

You are just confirming what I said, no democratically elected leaders !

If Spain and the Ukraine can do whatever it wants according to you, Russia isn`t to be commented about its internal affairs ever again by you!

Yeah, in the past we did so bad with our own money, now did we ?

And it`s not even needed to stop using the Euro, it can also just being broken up in 2 separate Euros if needed. That`s the same crappy fearmongering which has been used to let people think the EU can`t be broken up, that`s the only way to keep the EU from not falling apart, make it citizens sacred.



posted on Sep, 30 2014 @ 02:43 AM
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originally posted by: BornAgainAlien
no democratically elected leaders !



Russia: New Law Allows Governors to Be Appointed, Undoing Reform


President Vladimir V. Putin signed a law on Tuesday that could roll back a reform pushed by his predecessor allowing the direct election of regional governors. The new law allows regional legislatures to forgo elections and appoint governors from a list of candidates approved by Mr. Putin.

He abolished direct elections for governors in 2004, during his second term as president, but President Dmitri A. Medvedev pushed a law through Parliament last year to restore them in what was seen as a major concession to a growing political opposition movement. Mr. Putin, now serving his third term as president, has said that the new law is needed to protect minorities in regions where elections could be combustible. Critics said the law would allow the pro-Kremlin United Russia Party to avoid election defeats by using its control of regional legislatures to bypass popular voting. The law was the latest unwinding of Mr. Medvedev’s initiatives since Mr. Putin returned to the presidency.



Putin Orders Change in Election Rules (Parliament)

Here is a list of laws putin has pushed. You should read it before making accusations about Democracy.

* - Proposed on May 19, 2000, signed on July 29, 2000: Authorization of the president to dismiss the heads of Federal subjects of Russia.

* - Proposed on January 15, 2000, signed on December 25, 2000: It changes the Russian anthem to a version based on the musical score of the pre-1991 Soviet anthem.

* - Proposed on August 28, 2001, signed on June 12, 2002: It prohibits to conduct a referendum within the last year of a term of the president or State Duma and disallows mass media to comment on election campaign.

* - Proposed on April 29, 2002, signed on July 25, 2002: These regulations define the notion of extremism and establish measures to counter it, including procedures of suspension of political parties, public and religious associations.

* - Proposed on January 4, 2003, signed on October 6, 2003:It establishes a limited list of powers of the local self-government and defines the circumstances under which they have to be delegated to executive power bodies of the Federal subject.

* - Proposed on January 31, 2003, signed on July 4, 2003: It establishes that a mass media can be suspended if it violates election legislation twice during an election campaign.

* - Proposed on September 28, 2004, signed on December 11, 2004: It replaces the direct election of the heads of the Federal subjects of Russia with a system whereby they are proposed by the President and approved or disapproved by the legislative power bodies of the federal subjects.

* - Proposed on December 8, 2004, signed on May 18, 2005: It establishes that the State Duma will be elected by closed party-list proportional voting only, entirely eliminating the single-member district plurality voting system that accounted for half of the 450 seats before, and raises electoral threshold from 5 to 7%.

* - Proposed on September 26, 2005, signed on December 27, 2005: It regulates the parliamentary investigation and prohibits parliamentary investigation of the activities of the President, court and investigative authorities if they comply to the processual law. Also it establishes that no parliamentary investigation should last longer than a year and that the cases processed by a court should not be subject to it.

As for your lack of understanding on how the EU works. The European Union represents the European countries. The individual countries represent the people.

The United Nations is not democratically elected either.

However when you compare the political system of the US, EU, individual EU countries to Russia, Democracy is alive in well in all of those places except for Russia.



posted on Sep, 30 2014 @ 04:05 AM
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a reply to: Xcathdra

Well, that`s a good lesson in how to trash your reputation :



As for your lack of understanding on how the EU works. The European Union represents the European countries. The individual countries represent the people.

However when you compare the political system of the US, EU, individual EU countries to Russia, Democracy is alive in well in all of those places except for Russia.


In none of the EU countries politicians listened when the vast majority of people asked them not to go to war in Iraq in 2003...and that`s just one example of many.



posted on Sep, 30 2014 @ 04:51 AM
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a reply to: BornAgainAlien


In none of the EU countries politicians listened when the vast majority of people asked them not to go to war in Iraq in 2003...and that`s just one example of many.


And a very poor example it is. The only European countries that joined the US in invading Iraq in 2003 were Britain, which is not in the Eurozone, and Poland, which did not join the EU until 2004.



posted on Sep, 30 2014 @ 05:10 AM
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a reply to: DJW001

And very poor knowledge showed again :



Countries supporting the U.S. position Shortly before the Iraq war began, the US government announced that 49 countries were joined in a "coalition of the willing" in favor of forcibly removing Saddam Hussein from power in Iraq, with some number of other countries expressing their support in private.

Of the 49 countries, the following countries had an active or participant role, by providing either significant troops or political support: Australia, Bulgaria, Czech Republic, Denmark, Hungary, Italy, Japan, Latvia, Lithuania, Netherlands, Philippines, Poland, Portugal, Romania, Slovakia, Spain, Turkey, Ukraine, United Kingdom and (United States).

Source

They supported the call to go to war, despite on average 90 % (a few % were pro and the rest was undecided) of its citizens were against it.
edit on 30-9-2014 by BornAgainAlien because: (no reason given)



posted on Sep, 30 2014 @ 05:15 AM
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a reply to: victor7




West will be wise enough before playing anymore sanctions cards. They will surely backfire massively.


Indeed they shall. The west thinks by playing sanctions cards. This will force the Russians to protest as they did in Syria, the Russian people know there own Enemy.



posted on Sep, 30 2014 @ 06:18 AM
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a reply to: BornAgainAlien


They supported the call to go to war, despite on average 90 % (a few % were pro and the rest was undecided) of its citizens were against it.


You need to read your own links. The only member of the EU at the time that actually sent troops, was Britain. The other 48 countries "supported" the invasion politically, though it cost them nothing. That is not support, that is diplomacy. (To be fair, the former SSRs that allowed the US to build bases there will probably pay a price for their cooperation. They are probably next on Putin's hit list. They will be liberated and reunited with Mother Russia.)



posted on Sep, 30 2014 @ 06:25 AM
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originally posted by: Agent_USA_Supporter
a reply to: victor7




West will be wise enough before playing anymore sanctions cards. They will surely backfire massively.


Indeed they shall. The west thinks by playing sanctions cards. This will force the Russians to protest as they did in Syria, the Russian people know there own Enemy.


Indeed they do:




posted on Sep, 30 2014 @ 07:10 AM
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a reply to: Xcathdra

Excellent move by Kremlin. This will allow Moscow to deny the West from fomenting any Maidan inside Russia.




posted on Sep, 30 2014 @ 07:35 AM
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a reply to: DJW001

Political support is nothing...?

I forgot you`re not only anti-Putin but pro-violence too, and than it`s nothing indeed.



posted on Sep, 30 2014 @ 07:46 AM
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a reply to: BornAgainAlien


Political support is nothing...?


How many of your fellow countrymen died in Iraq? None. That's nothing.


I forgot you`re not only anti-Putin but pro-violence too, and than it`s nothing indeed.


If you think I am pro-violence, you have not been reading my posts. I have condemned the illegal invasion of Iraq on numerous occasions. You have yet to condemn Putin's wars on Chechniya. Everyone can see where you stand on the issue of violence.



posted on Oct, 27 2014 @ 08:20 PM
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originally posted by: kitzik
a reply to: stirling

Come on, Ukraine is what is called in USA language classical "failed state" Their GDP/per capita is less $4k. In Russia it is $14k, also not that much but on par with Poland. Ukraine is much closer to Africa than EU.
EU can't feed country which is 10 times bigger Greece and 3 times poorer.


Yes, which is why the people of Ukraine wanted to hook up with EU. EU won't feed Ukraine, but in the long-run it will help.

It's very easy for people in comfortable places to make pronoucements, but when the future of your own screwed-up country is in balance---and for Ukraine it is---you would make the same choice.

It's very obvious: compare and contrast the past and futures of Poland (EU & NATO) vs Belarus (dictatorship allied with Russia). That's the choice they had, and why the populace was very upset when Yanukovytch reneged on a major campaign promise and started to go down the Belarus path---and the likely suspicion was that Russia was paying him off.

If you had to move your children to one of the two countries, which would you choose? Everybody chooses Poland.

That's the choice Ukraine has---hitching their star to Russia is not Winning. It's Russia that's making them de-friend EU---EU wouldn't ever threaten Ukraine with rebel soldiers if they made a gas deal with Russia. Russia thinks Ukraine is just their little bitch to be used in the Russia vs West opera of resentment they're eager to sing.



posted on Oct, 27 2014 @ 08:25 PM
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originally posted by: victor7
The moment Russia denies the overflight rights over its territory, dozens of western airlines will file for bankruptcy within months.


How did airlines survive during the Cold War then? What major routes need to go over Russian territory? That great nonstop Calgary to Almaty trade?


Russia will also start to supply advanced weapons to countries like Iran, Syria, North Korea etc.

Good part of this all geo-politics in Ukraine is, finally Russia is looking inwards to cultivate domestic industries to produce various goods.


Shall they re-animate Leonid Brezhnev's corpse in animatronics to proclaim the next Glorious Five Year Plan?

The USSR and policies were failures and evil----past, and future.

Putin and his ilk don't have a clue how to "cultivate domestic industries", only steal from private owners, put political cronies in charge, and bark orders at them. That doesn't work. That movie's been run before and it was a flop.

www.bloomberg.com...


Putin is deeply delusional and dangerous. It's like the "stabbed in the back" theory that the german militarists had after the end of WW1---that Germany was on the verge of a great and total victory and only subversive enemies stopped it.
They weren't.
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