• Steve H. Hanke
    05/04/2016 - 08:00
    Authored by Steve H. Hanke of The Johns Hopkins University. Follow him on Twitter @Steve_Hanke. A few weeks ago, the Monetary Authority of Singapore (MAS) sprang a surprise. It announced that a...

Putin Says Russia Will Retaliate To Sanctions

Tyler Durden's picture


One of the things that Putin failed to mention in his nearly hour-long annexation speech, was the topic of retaliation to Western sanctions, leading many to assume he wouldn't even bother. Moments ago Reuters provided some clarity on this issue:

President Vladimir Putin said on Tuesday that Western attempts to frighten Russia with sanctions over its takeover of Ukraine's Crimea region would be viewed as an act of aggression, and that Moscow would retaliate.

We expect details wil be forthcoming, and that the west, whose every bluff has been called, and every gambit has failed, will need another teleprompted conference by the leader of the "Free world" Obama, explaining - once again - just what the costs, red lines, and escalating sanctions against Russia will be.

Obama may want to wait until a little later though: a mass rally planned in two hours from now on Moscow's Red Square to celebrate the Crimea annexation and the first step in restoring the USSR.

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Tue, 03/18/2014 - 08:16 | 4562402 Beam Me Up Scotty
Beam Me Up Scotty's picture

Obama should just go golf, and stfu.

Tue, 03/18/2014 - 08:17 | 4562406 101 years and c...
101 years and counting's picture

8:16AM EST suggests he's already on the 4th hole....

Tue, 03/18/2014 - 08:18 | 4562412 ParkAveFlasher
ParkAveFlasher's picture

Your move, President Shankopatomus.

Tue, 03/18/2014 - 08:30 | 4562464 GetZeeGold
GetZeeGold's picture



That would be chess.....not checkers Amigo.

Tue, 03/18/2014 - 08:37 | 4562483 TeamDepends
TeamDepends's picture

Yes, and we have a pawn leading us.

Tue, 03/18/2014 - 08:55 | 4562530 johnQpublic
johnQpublic's picture

let me be clear

and perhaps i wasnt

there is indeed a red line not to be crossed

 but to be fair,

it was drawn on this teleprompter

which as you can all see, is clear

well, when it was sitting in front of the map.....

and well, i got the wrong impression of the red lines' location

and so its possible

mr putin also did not know where the red line was

so. to conclude....

Tue, 03/18/2014 - 10:25 | 4562904 Youri Carma
Youri Carma's picture

Street Rules (Always the best, hard but fair)

What I've learned on the street is that before you want to make any threats to somebody you'll be damn sure you are willing to act on that.

Otherwise your bluff will be called on very soon and you'll be known like the fool bluffer of the street and nobody will take you seriously anymore.

Kerry never has been on the street, Putin has.

Tue, 03/18/2014 - 10:41 | 4562966 creativity19
creativity19's picture

I'd love to see Ivanov beat the living sh*t out of Kerry!



Tue, 03/18/2014 - 09:10 | 4562591 TahoeBilly2012
TahoeBilly2012's picture

Don't worry the "Rainbow coalition Army" is just doing some last minutes checks, then they can charge the Russian front.

Tue, 03/18/2014 - 10:33 | 4562939 Gold N Glocks
Gold N Glocks's picture

obama should just go.

Tue, 03/18/2014 - 08:21 | 4562404 layman_please
layman_please's picture

welcome home, crimea

for the inquisitive ones, cccp is ussr in cyrillic.

Tue, 03/18/2014 - 08:38 | 4562486 Peter Pan
Peter Pan's picture

Too bad CRIMEA does not have an extra A in its name. It would have spelt AMERICA and might have given Obama real international law grounds to move in.

Tue, 03/18/2014 - 08:19 | 4562415 Aquarius
Aquarius's picture

Oh dear. ;-)


Ho hum

Tue, 03/18/2014 - 08:20 | 4562420 Tao 4 the Show
Tao 4 the Show's picture

Opting out of the payment system is a potential major game changer here. At the moment, one can travel all over the world and pay with most any major credit card. If the world splits wrt payments, things will become interesting rather quickly.

Tue, 03/18/2014 - 08:21 | 4562424 agent default
Tue, 03/18/2014 - 09:12 | 4562603 therearetoomany...
therearetoomanyidiots's picture

tee hee

Tue, 03/18/2014 - 08:21 | 4562429 drendebe10
drendebe10's picture

Putin allegedly said negotiating with the fudge packer in chief is like playing chess w a pigeon. It knocks all the pieces on the board over, craps on the board then struts around like it won. 

Tue, 03/18/2014 - 08:28 | 4562455 no1wonder
no1wonder's picture

Reuters: President Vladimir Putin said on Tuesday that Western attempts to frighten Russia with sanctions over its takeover of Ukraine's Crimea region would be viewed as an act of aggression, and that Moscow would retaliate.

Interfax 15:50 - Putin: We consider attempts to intimidate Russia with sanctions and escalation of domestic issues as aggressive and will react accordingly

At the end of the day, we already know Putin will never be intimidated by pedophile and homosexual politicians.

Tue, 03/18/2014 - 08:29 | 4562457 Smegley Wanxalot
Smegley Wanxalot's picture

Obama: "I don't get no respect!"

Advisors: "Respect has to be earned, Mr POSident."

Obama: "What? I thought respect was an entitlement, like everything else in my life."

Tue, 03/18/2014 - 08:32 | 4562468 GetZeeGold
GetZeeGold's picture




Tue, 03/18/2014 - 08:37 | 4562482 krispkritter
krispkritter's picture

Yeah, his Degree in Weed really paying off now...makes me wonder if the teleprompter just shows little pictures now instead of words.

Tue, 03/18/2014 - 09:08 | 4562578 BorisTheBlade
BorisTheBlade's picture

like my Nobel Peace prize that I got in advance long before any real time achievements to squander during my first term as the POSUS.

Tue, 03/18/2014 - 08:44 | 4562504 iLiquid
iLiquid's picture

But what have the West sanctions been, exactly, in the first place?  Some politians told stories about sanctions.  What is the proof of sanction going on?

Can you really retaliate to something that's not really there?

Bonus question for discussion:

How do you know that the Fed has really "tapered"?  And how do you really, really know that there HAS been QE in the first place?

Tue, 03/18/2014 - 09:08 | 4562583 desirdavenir
desirdavenir's picture

declarations with strong language have been issued. Isn't that sufficient for you ?

Tue, 03/18/2014 - 10:31 | 4562921 Champie
Champie's picture

You make a good point.

For Example: I have no clue what is happening around the corner from my house, but I am confident that I know what's going on in the rest of the world.


How does one make sense of a world where conceit and duplicity have no bounds?

Tue, 03/18/2014 - 08:53 | 4562527 adonisdemilo
adonisdemilo's picture

Go long RED PAINT, no need to hedge either.

Tue, 03/18/2014 - 09:03 | 4562562 Kina
Kina's picture

Russia playing a far different game to US/Israel/EU.



Tue, 03/18/2014 - 09:19 | 4562633 NEOSERF
NEOSERF's picture

Vlad, I raise you one Goldman to your Crimea....give it time, the squid will collapse you.

Tue, 03/18/2014 - 09:32 | 4562694 DeadFred
DeadFred's picture

There's a battle I'd like to see go nuclear.

Tue, 03/18/2014 - 09:40 | 4562716 Black Hand
Black Hand's picture

The Russians should seize assets of western NGOs and deport their management teams. 

Tue, 03/18/2014 - 09:43 | 4562732 Urban Roman
Urban Roman's picture

Tell me again how the astronauts get to the space station..

Tue, 03/18/2014 - 09:55 | 4562784 Dollarmedes
Dollarmedes's picture

I hope the sanctions retaliation hurts America deeply. Serves us right for electing and re-electing a loser.

Tue, 03/18/2014 - 10:04 | 4562817 Son of Captain Nemo
Son of Captain Nemo's picture

Obama may want to wait until a little later though: a mass rally planned in two hours from now on Moscow's Red Square to celebrate the Crimea annexation and the first step in restoring the USSR.

Restoration of the USSR?

Nothing could be further from the truth!

It's an independent and self-governing Nation that remembers it's past and traditions proudly unlike the West and will use that history of oppression it endured through outside intervention for 70 years just as it has had to endure it now for the last 25 years to become it's great self once again!

Tue, 03/18/2014 - 10:08 | 4562841 Tracerfan
Tracerfan's picture

Agree, the USSR is not being restored.

The Russian state is returning to its natural borders.

Tue, 03/18/2014 - 10:51 | 4563040 swmnguy
swmnguy's picture

Once again, an Eastern European state with artificial boundaries is being adjusted by the Big Boys.  Ukraine was just about a failed state anyway; might as well give it a push over the edge, the better to sop up whatever goodies are there to be sopped up.  Putin takes the parts Russia has decided they can't survive without.  The Banksters get the parts where they can extract the most debt servitude and they've got their boy in place to facilitate the extraction.  Once all that can be extracted is extracted, they'll just leave the husk for Russia, or anybody else who wants to take on that responsibility.

As for the "sanctions," if any well-connected Russian had any money in any Western bank post-Cyprus, they're so stupid they deserve to lose it all.  And Putin won't severely antagonize any Western corporate interests operating in Russia unless and until he's got an alternative finance system in place.  He doesn't yet, seemingly.  Maybe he never will.

Most of this bluster is just bluster, to cover up the impending looting and Iraqification of Ukraine.

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