Sunday, April 27, 2014

In Search Of Putin's Fortune

Photo: Russian President Putin. Forbes

Sanctions Revive Search For Secret Putin Fortune -- Globe and Mail/New York Times

When the Obama administration imposed sanctions on individual Russians last month in response to Moscow’s armed intervention in Ukraine, one of the targets was a longtime part-owner of a commodities trading company called the Gunvor Group.

His name, Gennady N. Timchenko, meant little to most Americans, but buried in the U.S. Treasury Department announcement were a dozen words that President Barack Obama and his team knew would not escape the attention of Russia’s president, Vladimir Putin. “Putin,” the statement said, “has investments in Gunvor and may have access to Gunvor funds.”

Read more ....

My Comment: I have never been a "fan" of Putin .... but if the U.S. moves against Putin's wealth and the wealth of the oligarchs who are his friends .... prepare for some very serious blow-back. This is an incredibly dangerous strategy that the White House is pursuing .... they better be aware of the consequences.

8 comments:

Unknown said...

Does anyone know whats the diplomatic relation between putin/russia and israel?

James said...

Formal and wary.

James said...

"This is an incredibly dangerous strategy that the White House is pursuing .... they better be aware of the consequences." I don't know if they do, but their big money pals will be waking up to it soon and will be on the phone.

Unknown said...

Do you think that the sanctions will be anything but toothless? We have seen how effective sanctions have been against countries Iran & NK, these are personal and all Putins buddies have long since moved their money, their not stupid, they read the news and have advisors so it's another Checkers move against Putins Chess game.

James said...

When I think of useless sanctions I usually think of Sadam Hussein and Iraq and of Galloway.

Nicholas Darkwater said...

"This is an incredibly dangerous strategy that the White House is pursuing .... they better be aware of the consequences."

Why should they start now?

War News Updates Editor said...

So true Mr. Darkwater ... so true.

Unknown said...

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