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Updated: Western response to Russian invasion of Crimea

Posted on 3/17/14 at 8:48 am
Posted by VOLhalla
Knoxville
Member since Feb 2011
4400 posts
Posted on 3/17/14 at 8:48 am
LINK

quote:

The EU has agreed to impose travel bans and asset freezes against 21 officials from Russia and Ukraine.


quote:

The so-far unnamed individuals targeted by the sanctions are seen as having played a key role in the referendum, which Kiev, the US and EU deem illegal.


I wonder where Putin keeps his money.

quote:

Lithuania's Foreign Minister Linas Linkevic tweeted that further measures were expected to be taken in the next few days.




This post was edited on 3/18/14 at 8:39 am
Posted by davesdawgs
Georgia - Class of '75
Member since Oct 2008
20307 posts
Posted on 3/17/14 at 9:07 am to
Good. This was suggested by a previous article posted here related to Russian oligarchs with invests in Europe, etc.
Posted by GumboPot
Member since Mar 2009
118758 posts
Posted on 3/17/14 at 9:08 am to
quote:

First Western response to Russian invasion of Crimea


What are we trying to achieve?
Posted by UsingUpAllTheLetters
Stuck in Transfer Portal
Member since Aug 2011
8508 posts
Posted on 3/17/14 at 9:09 am to
So, who gains from this?
Posted by constant cough
Lafayette
Member since Jun 2007
44788 posts
Posted on 3/17/14 at 9:11 am to
And Russia has already responded by threatening to switch to other currencies.
Posted by VOLhalla
Knoxville
Member since Feb 2011
4400 posts
Posted on 3/17/14 at 9:14 am to
Punishment for those involved in the taking of Crimea and perhaps to encourage other Russians with money to lobby the government against further agitation with the West.

It's one of the sanctions the President of Georgia suggested.

LINK

quote:

Right now, there are plenty of things the U.S. and the European Union can do to try to stop Putin from escalating the Ukraine crisis into all out war, he said. There should be immediate economic sanctions, with the West going after Putin’s vast personal wealth and that of his friends. The U.S. can also help Ukraine defend itself by sharing military intelligence, defending Ukraine from cyber attacks, giving Kiev’s armed forces training and even equipment, and moving NATO naval forces into the region as a show of strength, Saakashvili said.
Posted by VOLhalla
Knoxville
Member since Feb 2011
4400 posts
Posted on 3/17/14 at 9:17 am to
Switching to other currencies in what context ?
Posted by VOLhalla
Knoxville
Member since Feb 2011
4400 posts
Posted on 3/18/14 at 8:33 am to
Per the BBC the French are suspending the sale of helicopter carriers and the Uk is suspending all arm export licenses to Russia. The EU and US are planning further sanctions to be announced soon.
Posted by anc
Member since Nov 2012
18049 posts
Posted on 3/18/14 at 8:35 am to
If they align with the Chinese, the Euro and the dollar will tank. At best, massive inflation in the U.S. and Eurozone, at worse, a collapse of the dollar.

Putin is playing us like a fiddle.
Posted by VOLhalla
Knoxville
Member since Feb 2011
4400 posts
Posted on 3/18/14 at 8:37 am to
You don't come across as knowing what you're talking about
Posted by GetCocky11
Calgary, AB
Member since Oct 2012
51270 posts
Posted on 3/18/14 at 8:42 am to
Move the G8 summit, and suspend or expel Russia from the G8.
Posted by VOLhalla
Knoxville
Member since Feb 2011
4400 posts
Posted on 3/18/14 at 8:46 am to
I think that's coming and would be a slap in the face considering Putin is currently the G8 President
Posted by VOLhalla
Knoxville
Member since Feb 2011
4400 posts
Posted on 3/18/14 at 8:47 am to
quote:

The UK is suspending all military co-operation with Russia, including arms exports, because of Russian actions in Crimea, Foreign Secretary William Hague tells parliament. Joint naval exercises between Russia, France, Britain and the US have been put on hold.
Posted by GetCocky11
Calgary, AB
Member since Oct 2012
51270 posts
Posted on 3/18/14 at 8:49 am to
quote:

I think that's coming and would be a slap in the face considering Putin is currently the G8 President


It'd be a praiseworthy response.

As I type this...I see that Russia has been suspended from the G8 today:

quote:

Foreign Minister Laurent Fabius has said the Group of Eight suspended Russia’s participation in their meetings. However, President Putin is still invited to visit France on June 6.

“At the moment, he is still invited. As for the G8 as a political formation for the dialogue of all big states together, we have decided to suspend the participation of Russia, there will be seven countries that gather [for the summit] – without Russia,” Fabius told Europe 1 radio.


LINK - Russia Today
Posted by LSU0358
Member since Jan 2005
7918 posts
Posted on 3/18/14 at 8:50 am to
quote:

If they align with the Chinese, the Euro and the dollar will tank.


Yeah, not likely. There isn't enough value in other world currencies to dump the EUR and the USD at the same time.
Posted by VOLhalla
Knoxville
Member since Feb 2011
4400 posts
Posted on 3/18/14 at 8:55 am to
Now Putin can turn around and announce he is suspending the G7 from participating in his G1 meeting
Posted by StraightCashHomey21
Aberdeen,NC
Member since Jul 2009
125401 posts
Posted on 3/18/14 at 9:16 am to
quote:

If they align with the Chinese, the Euro and the dollar will tank. At best, massive inflation in the U.S. and Eurozone, at worse, a collapse of the dollar. Putin is playing us like a fiddle.


I guess they will tank the £ and Swiss franc as well.
Posted by Poodlebrain
Way Right of Rex
Member since Jan 2004
19860 posts
Posted on 3/18/14 at 11:16 am to
quote:

And Russia has already responded by threatening to switch to other currencies.
The only possible currency for the Russians to adopt would be the Chinese Yuan. Do you think the Chinese are going to want a boatload of Rubles?
Posted by Paluka
One State Over
Member since Dec 2010
10763 posts
Posted on 3/18/14 at 11:26 am to
quote:

If they align with the Chinese, the Euro and the dollar will tank. At best, massive inflation in the U.S. and Eurozone, at worse, a collapse of the dollar.


I have no doubt that Putin is thinking that he might be able to achieve this goal. However, I see no way (at present) he could destroy other currencies without a lot of help.
Posted by Enadious
formerly B5Lurker City of Central
Member since Aug 2004
17689 posts
Posted on 3/18/14 at 11:28 am to
quote:

If they align with the Chinese, the Euro and the dollar will tank. At best, massive inflation in the U.S. and Eurozone, at worse, a collapse of the dollar.


Really? Then who's going to buy all the incredibly expensive Chinese shite? China will have no one to sell to and thus will lose income.
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