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President Barack Obama on Monday froze the U.S. assets of seven Russian officials, including top advisers to President Vladimir Putin, for their support of Crimea's vote to secede from Ukraine in the most comprehensive sanctions against Russia since the end of the Cold War.
The Treasury Department also is imposing sanctions on four Ukrainians — including former President Viktor Yanukovych, a former top Ukrainian presidential adviser and two Crimea-based separatist leaders — under existing authority under a previous Obama order. Senior administration officials also said they are working to identify what they called "Russian government cronies" to target the assets of those supporting the Crimea unrest, including individuals working in the arms industry.
Obama was to make a statement Monday from the White House.
The administration officials said Putin wasn't sanctioned despite his support of the Crimean referendum because the U.S. doesn't usually begin with heads of state. But the officials, speaking to reporters on a conference call on the condition they not be quoted by name, say those sanctioned are very close to Putin and that the sanctions are "designed to hit close to home."
The U.S. announcement came shortly after the European Union announced travel bans and asset freezes on 21 people they have linked to the unrest in Crimea. Obama administration officials say there is some overlap between the U.S. and European list, which wasn't immediately made public.
"Today's actions also serve as notice to Russia that unless it abides by its international obligations and returns its military forces to their original bases and respects Ukraine's sovereignty and territorial integrity, the United States is prepared to take additional steps to impose further political and economic costs," the statement said.....snip~
U.S. announces sanctions against Russian officials
Associated Press – 27 mins ago <<<<< March 17 2014.
The US and EU have gone ahead with the Sanctions.....also the US is accusing the Russians of Rigging the vote. Team Obama says there is some concrete evidence that some ballots for the referendum arrived pre-marked in many cities and "there are massive anomalies in the vote." Yet they could not bring forth any evidence with the Allegation.
Now we have threatened Putin that if doesn't pull out with his troops we will continue with more Sanctions against him. Now will Putin follow thru with what he has told us? Do you think these sanctions that target people close to Putin. Will stop or persuade Putin to change course?
Crimean Crisis: Russia Threatens to Abandon US Dollar And Dump American Debt - disinformation
One should be wary and careful of unintended consequences. This little blog is a bias source, they were referring to a quote on "Voice of Russia" from an economic adviser of Putin. It should be noted Govt spox for Russia disavowed this threat, but just the fact someone tossed out the trial balloon is worthy of noting.
Ha! So what is Russia going to use as currency when they buy and sell internationally? The Ruble? What are they going to invest their money in if not US securities? Empty threat is empty.
Is it really common to sanction individuals?
I don't think I have Heard that before.
What if another country didn't like some US decisión? Could another country sanction US officials and what would the President do about it?
Mornin' ILR. :2wave: Russia and China have already been accepting each others currency and going around the US Dollar.....they may have some worries but they have been working on them for years.
Mornin' ILR. :2wave: Russia and China have already been accepting each others currency and going around the US Dollar.....they may have some worries but they have been working on them for years.
Putin considers Obama embarrassingly weak, and this pretty much proves he's right.
Crimean Crisis: Russia Threatens to Abandon US Dollar And Dump American Debt - disinformation
One should be wary and careful of unintended consequences. This little blog is a bias source, they were referring to a quote on "Voice of Russia" from an economic adviser of Putin. It should be noted Govt spox for Russia disavowed this threat, but just the fact someone tossed out the trial balloon is worthy of noting.
Last I read, China may have 6,000 tons of gold on hand. Yep, they have been planning on doing something for a long, long time! They'd like to have the yuan included in a new basket of currencies, backed by gold, in place of the US dollar, and major world newspapers, including those in the US, are finally starting to editorialize this news.
BTW, China also has agreements with Brazil, Australia, and South Africa, among others, to bypass the dollar in certain transactions.
Greetings, MMC. :2wave:
Sanctioning 21 people might be painful, if they are tough. Some of those guys have quite a bit of money outside the country. But what we are really showing the Russians is that the EU does not have the political will to do anything much. Germany and a couple of smaller countries have through corruption and negligence let themselves become far too dependent on Russian energy and cannot do anything worth while. So they can hardly stand up against, what they say is a breach of international law and a violation of human rights.
And never forget. This was triggered by the EU and it must be their's to fix. It is not a monkey the US should want on its shoulder.
Ha! So what is Russia going to use as currency when they buy and sell internationally? The Ruble? What are they going to invest their money in if not US securities? Empty threat is empty.
Mornin Cal. :2wave: Not to mention they already threatened to Reduce to Zero on any economic dependency with us.
Russia warns could 'reduce to zero' economic dependency on US.....
Russia could reduce to zero its economic dependency on the United States if Washington agreed sanctions against Moscow over Ukraine, a Kremlin aide said on Tuesday, warning that the American financial system faced a "crash" if this happened.
"We would find a way not just to reduce our dependency on the United States to zero but to emerge from those sanctions with great benefits for ourselves," said Kremlin economic aide Sergei Glazyev.
He told the RIA Novosti news agency Russia could stop using dollars for international transactions and create its own payment system using its "wonderful trade and economic relations with our partners in the East and South."
Russian firms and banks would also not return loans from American financial institutions, he said.
"An attempt to announce sanctions would end in a crash for the financial system of the United States, which would cause the end of the domination of the United States in the global financial system," he added.
He said that economic sanctions imposed by the European Union would be a "catastrophe" for Europe, saying that Russia could halt gas supplies "which would be beneficial for the Americans" and give the Russian economy a useful "impulse".....snip~
Russia warns could 'reduce to zero' economic dependency on US
That wouldn't happen unless there were major changes. The Yuan is a "managed" float. They would have to completely take the reigns off their currency and it would increase in valuation greatly against the US dollar..hurting their exports with the US.
As for the agreements, ehh...ok...people don't trade and use the dollar because they love the US. They do it because the US economy is effin ridiculously huge and it's convenient.
Is it really common to sanction individuals?
I don't think I have Heard that before.
What if another country didn't like some US decisión? Could another country sanction US officials and what would the President do about it?
Ignorance is bliss. They have oil and energy they don't need dollars. They also have gold. Russia has already lead discussions of moving from the dollar to a world currency under the auspice of the UN - look it up. Like I said, ignorance is bliss, if you think the dollar is safe your beloved govt won't save you when its used as toilet paper.
My guess is a "tit for tat" response and that US individuals and Corporations in Russia will have accounts and assets frozen, land and facilities nationalized, and a discreet campaign to devalue the dollar with market manipulations usually done by the US Treasury Deptartments PPT (Plunge Protiction Team). Likely will be very expensive for both sides. Russia is not in debt. USA owes ???? $200 Trillion counting unfunded liabilities. Can we afford this?
My guess is a "tit for tat" response and that US individuals and Corporations in Russia will have accounts and assets frozen, land and facilities nationalized, and a discreet campaign to devalue the dollar with market manipulations usually done by the US Treasury Deptartments PPT (Plunge Protiction Team). Likely will be very expensive for both sides. Russia is not in debt. USA owes ???? $200 Trillion counting unfunded liabilities. Can we afford this?
Ignorance is bliss. They have oil and energy they don't need dollars.
Well that's a dead end. Who wants to deal with a volatile commodity like gold as exchange. It can lose 40% of it's value in the matter of weeks. That's great for someone exporting.They also have gold
That's a dead end. What exactly would that currency be backed by? The full faith and credit of the United Nations? Bwahaha!Russia has already lead discussions of moving from the dollar to a world currency under the auspice of the UN - look it up.
If anything the recent economic collapse has proven that the dollar isn't going anywhere anytime soon...f you think the dollar is safe your beloved govt won't save you when its used as toilet paper.
Can you name any world reserve currency that lasted more than a 50 years? When did the world start with the dollar - early 1970's?
Last I read, China may have 6,000 tons of gold on hand. Yep, they have been planning on doing something for a long, long time! They'd like to have the yuan included in a new basket of currencies, backed by gold, in place of the US dollar, and major world newspapers, including those in the US, are finally starting to editorialize this news.
BTW, China also has agreements with Brazil, Australia, and South Africa, among others, to bypass the dollar in certain transactions.
Greetings, MMC. :2wave:
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