Strong signal? Russian markets rally on relief that sanctions lists limited #ukraine
— greg white (@whitegl) March 17, 2014
Report: Weak White House Sanctions Rally Russian Market -- Breitbart
As I write this, President Obama is announcing a list of limited sanctions against specific individuals in the Russian government meant to punish them for "violating Ukraine's sovereignty." The idea is to go after the personal finances of top Russian and Ukraine officials, including the former president of Ukraine and members of Putin's inner-circle. Putin, though, is not on the list.
Greg White, the Moscow Bureau Chief for the Wall Street Journal reports that news of the White House sanctions did not have the intended effect. Relieved over how limited they are, the Russian market enjoyed a rally:
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My Comment: I am seeing the same thing. These sanctions are a joke .... and I will predict that they will be ignored even though Russia officials are vowing to switch to other currencies over more US sanctions threat.
3 comments:
The US scenario is being prepared, if it doesn't already exist.
**The crippling US sanctions drove Russia to agree to leave Crimea in Ukraine under a federal system, with no Ukraine-EU affiliation, as the US demanded. It's another victory for the red, white and blue.** (I know.)
Frightened by US sanctions Russian troops began evacuating Crimea and moving deeper into the Ukraine.
That about sums it up James
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