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G-7 Countries Put Sochi June Vacation Plans On Hold

Tyler Durden's picture




 

By now it was only a formality, as the likelihood of the G-8 meeting taking place in Sochi in June, months after the Russian invasion of the Ukraine, was zero at best. So the fact that G-8, pardon, G-7 countries announced the halting of their preparation for a June vacation on the Black Sea should not surprise anyone.

Full G-7 statement:

We, the leaders of Canada, France, Germany, Italy, Japan, the United Kingdom and the United States and the President of the European Council and President of the European Commission, join together today to condemn the Russian Federation’s clear violation of the sovereignty and territorial integrity of Ukraine, in contravention of Russia’s obligations under the UN Charter and its 1997 basing agreement with Ukraine.  We call on Russia to address any ongoing security or human rights concerns that it has with Ukraine through direct negotiations, and/or via international observation or mediation under the auspices of the UN or the Organization for Security and Cooperation in Europe.  We stand ready to assist with these efforts.

 

We also call on all parties concerned to behave with the greatest extent of self-restraint and responsibility, and to decrease the tensions.

 

We note that Russia’s actions in Ukraine also contravene the principles and values on which the G-7 and the G-8 operate.  As such, we have decided for the time being to suspend our participation in activities associated with the preparation of the scheduled G-8 Summit in Sochi in June, until the environment comes back where the G-8 is able to have meaningful discussion.

 

We are united in supporting Ukraine’s sovereignty and territorial integrity, and its right to choose its own future.  We commit ourselves to support Ukraine in its efforts to restore unity, stability, and political and economic health to the country.  To that end, we will support Ukraine’s work with the International Monetary Fund to negotiate a new program and to implement needed reforms.  IMF support will be critical in unlocking additional assistance from the World Bank, other international financial institutions, the EU, and bilateral sources.

Harsh as this treatment may be for local Sochi caterers, we don't expect Putin to lose much sleep over this. That said we are closing our 3X ETF long position in Russian caterers and replacing it with a matched exposure in Brussels. We expect much more action out of Europe in the coming months.

 

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Sun, 03/02/2014 - 21:05 | 4499291 SlipStitchPass
SlipStitchPass's picture

BULLISH!

Sun, 03/02/2014 - 21:15 | 4499340 knukles
knukles's picture

So, in the spirit of the Moscow Olympics and Jimmy Carter, the G-7 is going to boycott the G-8 meeting.
Putin is quaking...

I gotta tell y'all that Vlad only has to make one more really bold move or several more like Crimea, and the whole western artifice is gonna just have one bad fucking day.
Let the Propaganda Machines Begin Spinning this Shit Positively.

Sun, 03/02/2014 - 21:30 | 4499409 tony wilson
tony wilson's picture

bbc mind programming already a go.

bbc radio having jewish people calling in calling putin hitler.

calling putin  the new out of control hitler and we must stand up to him and help free ukraine..

no mention of the kiev neo nazi groups

no mention of israeli idf on the ground.

no mention of jewish soros and nuland giving billions to neo nazi groups..

mind programming soon the sheeple will demand putins head.

no mention of the russian gas needed to keep uk plc warm ish.

Sun, 03/02/2014 - 21:41 | 4499465 john39
john39's picture

More background on setting up the Ukraine coup:

http://www.boilingfrogspost.com/2014/03/01/pando-expose-glenn-greenwalds...

Sun, 03/02/2014 - 21:52 | 4499510 ArrestBobRubin
ArrestBobRubin's picture

If you don't get called The Next Hitler by the Yids, you're doing something wrong.

Sun, 03/02/2014 - 22:08 | 4499558 European American
European American's picture

"likelihood of the G-8 meeting taking place in Sochi in June, months after the Russian invasion of the Ukraine"

 

Who wrote this article? The Zionist Americans and Israelis were the "invasive species" that infected Ukraine. Russia is going in to disinfect.

Sun, 03/02/2014 - 22:20 | 4499627 Fish Gone Bad
Fish Gone Bad's picture

There is a bunny and a kitty and a cuddly bear in the picture, so its really kinda cute.

Mon, 03/03/2014 - 02:57 | 4500495 Independent
Independent's picture

Hmmm bet they would of shown up if it was held in Crimea, the place is to die for, and the best thing about it nobody died this week getting it :)))

https://www.youtube.com/watch?v=KDCt03sFdvg

 

Sun, 03/02/2014 - 21:31 | 4499412 Wolferl
Wolferl's picture

Wow, Italy is part of G7. Makes you think.

Mon, 03/03/2014 - 00:01 | 4500069 Portuguese Revo...
Portuguese Revolutionary's picture

Dude, the G stands for "Gangsta"...

Sun, 03/02/2014 - 21:50 | 4499503 sushi
sushi's picture

Will the UK adopt the same position when Scotland votes to depart the union?

Sun, 03/02/2014 - 21:07 | 4499301 Billy Shears
Billy Shears's picture

When sociopaths collide!

Sun, 03/02/2014 - 21:14 | 4499322 Sabibaby
Sabibaby's picture

It's elegant when Russia invades Ukraine, no deaths or casualties. It's like Putin is showing the G-7 how to properly invade a country when those clowns would call in drones and be using shock and awe.

Sun, 03/02/2014 - 21:17 | 4499347 knukles
knukles's picture

Nice description, "elegant".

Jesus, is this shit sick....

Sun, 03/02/2014 - 21:21 | 4499363 NoDebt
NoDebt's picture

"no deaths or casualties"

Hold that thought.  Close your eyes, count to 20.

Sun, 03/02/2014 - 21:24 | 4499380 economisery
economisery's picture

When the overwhelming majority of citizens in Crimea are literally begging Russia to send in their military to help protect them from their new neo-nazi/extremist Western-appointed overlords in Kiev, can you even really call it an 'invasion'?

Sun, 03/02/2014 - 21:56 | 4499524 AlaricBalth
AlaricBalth's picture

In Crimea its called spaseniye.

Sun, 03/02/2014 - 21:28 | 4499387 Kirk2NCC1701
Kirk2NCC1701's picture

The Shock & Awe MIC does not approve your message.

Nor do Wall St Banksters.  "There's no business like Debt business, like no business they know..."

Sun, 03/02/2014 - 21:58 | 4499529 ArrestBobRubin
ArrestBobRubin's picture

Yup, that and the Shoah business. Norman Finkelstein's book free here:

https://archive.org/details/HolocaustIndustry

Sun, 03/02/2014 - 22:28 | 4499662 Fish Gone Bad
Fish Gone Bad's picture

I am simply amazed at how these incredible informative links just instantly appear in the comments.  It is like all these really talented people have some kind of intellectual ax to grind to make their point. 

+1 for the link.

Sun, 03/02/2014 - 21:17 | 4499346 disabledvet
disabledvet's picture

"Russia must take Kiev."
I agree.

So far...so not go though.
And the Secretary of State...while calling for restraint...is also calling this an "aggression."

According to the Germans "we need to have the G-8 in order to keep out lines of communications open with Russia"....which is a dead giveaway that "no one is talking to one another."

Now American Secretary of State will arrive in Kiev to "defend the Government."
He has claimed..."these folks are for real"
and indeed they are. Indeed they are.

However...it would appear that "the West" et al have not thought this through very well.

The assumption has been "the Russians would never be this crazy."
"The" Europe and Russia could be in a State of War in a matter of hours here.

Those Leopold II Tanks are gonna get forward deployed...mercenaries are already patrolling "the frontiers"...everyone's "waiting on the Russians."

http://search.dilbert.com/comic/Elbonian
well..."the Elbonians usually come first"...THEN the Russians.

Sun, 03/02/2014 - 21:33 | 4499420 fudge
fudge's picture

 However...it would appear that "the West" et al have not thought this through very well

Maybe the 'West' should take another look at their christmas card frrom Dmitry -- https://twitter.com/Rogozin/status/416913238807560192/photo/1

 

Sun, 03/02/2014 - 21:20 | 4499359 Berspankme
Berspankme's picture

Who cares. Like these sociopaths ever accomplish anything other than the pillaging of the citizenry. Hypocritical cocksuckers.

Sun, 03/02/2014 - 21:21 | 4499365 IridiumRebel
IridiumRebel's picture

Those poor 5Star Sochi Restaurants and Caterers....Car services and prostitutes....the economy will be surely hurt.

Mon, 03/03/2014 - 01:20 | 4500320 Aussiekiwi
Aussiekiwi's picture

Its the working girls I feel for.

Sun, 03/02/2014 - 21:22 | 4499372 Berspankme
Berspankme's picture

How many were cancelled when the US was invading brown people countries? 

Sun, 03/02/2014 - 21:34 | 4499424 knukles
knukles's picture

So true.
We went to the 70's East Asia War Games and came in second.

Sun, 03/02/2014 - 22:29 | 4499665 Fish Gone Bad
Fish Gone Bad's picture

I didn't even get a T-shirt.

Mon, 03/03/2014 - 01:18 | 4500317 Aussiekiwi
Aussiekiwi's picture

Nobody got a T-shirt, considering the low labor costs of the region that really sucks, you could start to think that they really did not appreciate our help.

Sun, 03/02/2014 - 21:24 | 4499383 Kirk2NCC1701
Kirk2NCC1701's picture

As I stated last Friday, 4491817 I suggest that Russia re-purpose date & place with a "G20 minus 8" meeting, to discuss "Relevance of the Debt-Dollar as continued GRC"**

** Global Reserve Currency

Topics to include: "Formula and mechanism for Asset-based Currencies, with mix of Gold and Energy backing currencies for universal acceptance as Real Money".

Sun, 03/02/2014 - 21:41 | 4499461 AdvancingTime
AdvancingTime's picture

In July of 2009 Medvedev's unveiling of the NWO currency. They plan to mess with us. 

http://www.youtube.com/watch?v=CPrDeKLP5hk

Sun, 03/02/2014 - 21:42 | 4499466 Kirk2NCC1701
Kirk2NCC1701's picture

p.s. Attendees: BRIC (Brazil, Russia, India, China), South Africa, Turkey, Iran, Venezuela, Argentina, Mexico, Indonesia.

Sun, 03/02/2014 - 21:28 | 4499400 AdvancingTime
AdvancingTime's picture

Does Putin really care? back in June of 2012 Russian President Vladimir Putin vowed to boost trade and cooperation with China after meeting Chinese leaders as the sides pushed back against Western calls for stronger action in Syria and Iran. Yes Putin was in China pledging to strengthen Russia’s economic and political ties with China after skipping a Group of Eight summit in the U.S. the month before. More details in the article I wrote back then.

http://brucewilds.blogspot.com/2012/06/putin-strenghtens-ties-with-china...

Sun, 03/02/2014 - 22:52 | 4499747 SWRichmond
SWRichmond's picture

If the EU doesnt want Russian gas then I suspect the Chinese do.

Sun, 03/02/2014 - 21:33 | 4499418 Son of Captain Nemo
Son of Captain Nemo's picture

Some great watches and perspectives.  Watch the "Jew Bagel" twat from CNN get torn a new one by the associate editor of the New Republic (watch the whole thing)

http://www.youtube.com/watch?v=mGemNZDjmCw#t=140

http://xrepublic.tv/node/7707

Sun, 03/02/2014 - 21:39 | 4499432 ebworthen
ebworthen's picture

"That said we are closing our 3X ETF long position in Russian caterers and replacing it with a matched exposure in Brussels."

LOL!

Yes, the EU and U.S. Politicians and Banksters don't think twice about blowing taxpayer money on luxury food, beverages, or prostitutes.

They don't think once about wasting the lives of our young people in the military.

Sun, 03/02/2014 - 22:13 | 4499588 Lumberjack
Lumberjack's picture
German foreign minister against excluding Russia from G8

http://www.reuters.com/article/2014/03/02/us-ukraine-crisis-germany-g-id...

 

(Reuters) - German Foreign Minister Frank-Walter Steinmeier urged world leaders on Sunday to work to calm the crisis inUkraine and defended Russia's membership of the Group of Eight leading economies, which enabled the West to talk directly with Moscow.

"The format of the G8 is actually the only one in which we in the West can speak directly with Russia," he told the public broadcaster ARD. "Should we really give up this unique format?"

U.S. Secretary of State John Kerry earlier said recent events had "put at question Russia's capacity to be within the G8", which Russia joined in 1998.

 

Steinmeier said too much focus on possible aggravations of the situation could actually help to bring them about.

Mon, 03/03/2014 - 01:15 | 4500308 Aussiekiwi
Aussiekiwi's picture

Putin is just stretching his legs and ensuring that the safety of Russians in the Crimea  is being looked after now that the democratically elected government has been toppled and perhaps could quite rightly be critical of the west for not getting involved on the ground to ensure the safety of the Ukrainian people, leaving all the hard work of peace keeping to the Russian military, fortunately although missing a Noble peace prize he is a humanitarium and will do what needs to be done to maintain peace and security in the region. 

Mon, 03/03/2014 - 02:27 | 4500439 syntaxterror
syntaxterror's picture

If you like your G8 in Sochi, you can keep your G8 in Sochi.

Mon, 03/03/2014 - 03:53 | 4500576 NoIdea
NoIdea's picture

Strange that you never get these group statements whenever the Israelis invade the West Bank.

Mon, 03/03/2014 - 05:34 | 4500655 Peter Pan
Peter Pan's picture

The United Kingdom will not be so united if Scotland decides to part company with Westminster.

Japan can hardly get involved due to its own issues with China

Canada - Nice country but let's leave it at that.

France - Might be able to send some "frogmen" to patrol the waters. Better still they should send Hollande.

Germany - The fools get taped by the NSA, can't get their gold, and are effectively the butt of the "fuck Europe" comment. and now they want to support the USA?

Italy - Well the shortest book in history is called Italian War Heroes.

USA - Reminds of the kid who went home and told his mother that he had been called a faggot at school. His mother asked him what he did about it. The boy replied,...."I hit them with my handbag".

The most affluent nations of the world are now producing the most effluent.

 

 

 

Mon, 03/03/2014 - 10:25 | 4500871 LaurentDeLyon
LaurentDeLyon's picture

And if all this was a vast trickery aiming to divert people from big questions ?

If I'm right, once more, the size of entertainments is proportionnal with the money issues, in other words it's serious

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Et si tout ceci n'était qu'une vaste supercherie detinée à dévier les attentions des gens des vrais problèmes ? Si j'ai raison, une fois de plus l'ampleur des distractions sera proportionnelle aux problèmes d'argent, cette fois c'est grave..

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