Ukraine Announces Joint US Military Exercises As Obama Rules Out "Military Incursion" - Recap Of The Day's Events

Tyler Durden's picture




 

With the story of the day undoubtedly Yellen's first (bungled) press conference, it was easy to forget that the second coming of the Cold War is raging in the Ukraine. For those curious what they may have missed, here is a summary of the major events that took place in the troubled country this afternoon. Highlights from AP, AFP, Reuters, WSJ, Bloomberg, RIA and Interfax.

Obama rules out 'military excursion' in Ukraine

President Barack Obama ruled out U.S. military involvement in Ukraine on Wednesday, emphasizing diplomacy in the U.S. standoff with Russia over Crimea.

 

"We are not going to be getting into a military excursion in Ukraine," Obama told KNSD, San Diego's NBC affiliate, in an interview. "There is a better path, but I think even the Ukrainians would acknowledge that for us to engage Russia militarily would not be appropriate and would not be good for Ukraine either," Obama said.

Ukraine to hold military exercises with US, UK

Russian forces seized military installations across the disputed Crimean Peninsula on Wednesday, prompting Ukraine’s security chief to announce that his country will hold joint military exercises with the United States and Britain.

 

U.S. Vice President Joe Biden was in Lithuania, trying to reassure nations along Russia’s borders who were terrified by the sight of an expansion-minded Moscow.

 

"We’re in this with you, together," Biden said.

Ukraine Readies Plan to Evacuate Troops From Crimea

Ukraine's government is preparing to evacuate its remaining military personnel and their families from the breakaway region of Crimea now that Russia has moved to annex the territory.

 

Andriy Parubiy, the secretary of Ukraine's National Security and Defense Council, didn't provide details on the mechanisms or timing of the plan, however.

 

"We're working on a plan to quickly and effectively move not only the military personnel, but first of all their family members, to continental Ukraine," Mr. Parubiy told a media briefing in Kiev. He added that 25,000 places had been reserved for such transfers altogether.

 

A Ukrainian Defense Ministry spokesman in Crimea, however, said Wednesday evening that he had received no word yet of any order to evacuate.

 

Early in the day, pro-Russian forces in Crimea had stormed Ukraine's naval headquarters and allegedly detained the base's commander, sparking an ultimatum from Ukraine's acting president that the country would take "appropriate measures" if he and others weren't released.

... The ultimatum deadline has come and gone, and so far nobody has been released to the best of our knowledge.

Russia will respond in kind to U.S. sanctions - deputy foreign minister

Moscow will respond in kind to U.S. sanctions imposed on Russian officials over the Crimea dispute and is considering other steps if Washington escalates tensions, Deputy Foreign Minister Sergei Ryabkov said on Wednesday.

 

On Monday, the United States and the EU announced sanctions on a handful of officials from Russia and Ukraine accused of involvement in Moscow's seizure of Ukraine's Crimea region, most of whose 2 million residents are ethnic Russians.

 

Washington has threatened further sanctions while Russian lawmakers raced to ratify a treaty making Crimea part of Russia by the end of the week.

 

"We are looking at a broad range of responsive measures. They can be identical measures regarding certain lists of American officials - not necessarily representatives of the administration ... who have influenced American policies," Ryabkov was quoted as saying by Interfax.

 

"There is also the possibility of passing asymmetrical measures, that means steps which, let's say ... won't go unnoticed in Washington," he said.

Russia warns could change stance at Iran talks over Crimea

Russia threatened late Wednesday that it could alter its position at Iranian nuclear talks in response to pressure from the European Union and United States over its seizure of Crimea.

 

"We would not like to use these talks as an element of a stakes-raising game taking into account the moods in various European capitals, in Brussels and Washington," deputy foreign minister Sergei Ryabkov told the Interfax news agency.

 

Ryabkov was speaking in Vienna after the latest round of Iranian talks involving Russia. Those at the talks included the EU foreign policy chief Catherine Ashton and Iranian Foreign Minister Javad Zarif, who said he saw "signs" a long-term nuclear deal could be reached.

 

Under an interim agreement Iran struck with the six powers in November, the two sides are aiming for a long-term deal by a July 20 target date. But Rybakov warned that Russia, that joined the West in urging Tehran to curtail its nuclear activities, could shift its stance, saying it considered its "historic" role in Crimea more important.

 

"But if we are forced, here we will take the path of counter-measures, because when it comes down to it, the historic value of what has happened in recent weeks and days from the point of view of restoring historical justice and reuniting Crimea and Russia is incomparable with what we are doing" on Iran, he said.

 

"At the end of the day, the choice and the decision is down to our colleagues in Washington and Brussels," Ryabkov said.

Russia Sounds Alarm on Economy as West Starts With Sanctions

Russia’s economy is showing signs of a crisis, the government in Moscow said as the U.S. and the European Union announced sanctions over its plan to annex the Crimea region from Ukraine.

 

“The situation in the economy bears clear signs of a crisis,” Deputy Economy Minister Sergei Belyakov said in Moscow yesterday. The cabinet needs to refrain from raising the fiscal burden on companies, which would be the “wrong approach,” he said. “Taking money from companies and asking them afterward to modernize production is illogical and strange.”

 

Even before the standoff with the West, the worst since the Cold War, Russia’s economy was facing the weakest growth since a 2009 recession as consumer demand failed to make up for sagging investment. President Vladimir Putin signed a treaty today on Crimea joining Russia, signaling his defiance of Western sanctions. Russia won’t seek to further split Ukraine, he said in the Kremlin.

 

The Ukrainian crisis is putting a strain on Russia’s $2 trillion economy, which expanded 1.3 percent in 2013 after 3.4 percent the previous year. Last year’s

growth was “insufficient” and the current outlook and government forecasts “can’t satisfy us,” Putin said March 12.

Russia to cover Crimea's $1.5 billion budget deficit with state funds

Russia will cover Crimea's estimated 55 billion rouble ($1.53 billion) budget deficit with funds from the federal budget, Russian Finance Minister Anton Siluanov said on Channel 1 state television on Tuesday.

 

"The volume of the (budget) deficit of Crimea and Sevastopol is about 55 billion roubles," Siluanov said in an interview televised by Channel 1.

 

"The whole sum will definitely be covered with federal budget."

Switzerland Halts Trade Talks With Russia, Former Soviet Republics

Switzerland has frozen negotiations on a free trade deal with Russia, the head of the country's economic affairs department said Wednesday, a decision he linked to Moscow's annexation of part of Ukraine's Crimea region.

 

In an interview with Swiss broadcaster SRF Radio, Johann Schneider-Ammann said the talks with Russia, as well as the former Soviet republics of Belarus and Kazakhstan, had been halted. Mr. Schneider-Ammann, who is a member of Switzerland's seven-person cabinet, blamed the increasing crisis in Ukraine and the annexation of Crimea after a Sunday referendum for the halt.

 

"In this uncertain situation we cannot pretend as if nothing has happened," Mr. Schneider-Ammann said in the interview. He called the freeze the "first formal sign" of Switzerland's concern over the situation in Ukraine, saying the Alpine country wanted a trade deal with Russia "but not at any price."

 

The halt of the talks also applies to Switzerland's partners in the European Free Trade Association, which includes Norway, Iceland and Liechtenstein, which were also due to take part in the next round of negotiations in April, a spokesman for the Swiss Economics Dept. said.

Germany says Rheinmetall can't deliver combat simulator to Russia

The German government said on Wednesday that defence contractor Rheinmetall's plan to deliver combat simulation kit to Russia was unacceptable in light of the diplomatic showdown with Moscow over its military occupation of Crimea.

 

The economy ministry, asked by Reuters about Rheinmetall's intention to honour contractual obligations to deliver about 100 million euros ($139 million) worth of technology to a Russian combat training centre, said it was in contact with the firm.

 

"The German government considers the export of the combat simulation centre to Russia unacceptable in the current circumstances," the ministry said in a statement to Reuters.

 

"The government is in contact with the company. At the moment no such export is foreseen," said the ministry.

 

Rheinmetall had said earlier on Wednesday that it intended to complete the delivery of the equipment, which was ordered about two years ago. The company said it had no further orders outstanding from Russia or Ukraine.

Russia poised to react to Kiev's new visa regime

Moscow will decide whether to introduce visas for Ukrainians visiting Russia after it is officially informed of Kiev's new visa regime for Russians, Russian state news agency RIA reported a source at Russia's Foreign Ministry as saying on Wednesday.

 

Ukrainian security chief Andriy Parubiy said earlier in the day that Ukraine's Foreign Ministry had been given instructions to introduce visas for Russians visiting Ukraine, as tensions rise between the two neighbours

European leaders seek ways to curb dependence on Russian gas

European leaders will seek ways to cut their multi-billion-dollar dependence on Russian gas at talks in Brussels on Thursday and Friday, while stopping short of severing energy ties with Moscow for now.

 

Russia's seizure of Ukraine's Crimea region has revived doubts about whether the European Union should continue to rely on Russia for nearly a third of its gas, providing Gazprom with an average of $5 billion per month in revenue. Some 40 percent of that gas is shipped via Ukraine.

 

EU powerhouse Germany is among those with particularly close energy links to Russia and has echoed comments from Gazprom, Russia's top natural gas producer, that Russia has been a reliable supplier for decades.

 

EU officials said the current Ukraine crisis, however, had convinced many in Europe that Russia was no longer reliable and the political will to end its supply dominance had never been greater. "Everyone recognises a major change of pace is needed on the part of the European Union," one EU official said on condition of anonymity.

 

"At the back of people's minds, there will always be the doubt that if the relationship goes sour, Russia has that weapon and it's not something it should have," another official said, referring to Russia's option of severing supplies.

As alternatives to imported gas, the Brussels talks will debate the EU's "indigenous supplies", which include renewable energy and shale gas.

Russia shares "fears" about Ukraine humanitarian situation with UNHCR

Russia has "shared [its] fears" about the humanitarian situation in Ukraine with the UN High Commissioner for Refugees, the head of the Russian Federal Migration Service said on Wednesday.

 

"I won't keep it secret that we have shared our fears with the Office of the United Nations High Commissioner for Refugees. Our fears were understood to a certain extent, and a certain form of interaction with that organization has begun," Konstantin Romodanovsky told reporters in Moscow.

 

"I think that by combined efforts we will minimize the problems that the unstable situation in Ukraine may cause us," he said.

And that's a wrap.

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Wed, 03/19/2014 - 18:15 | 4569737 Obama_4_Dictator
Obama_4_Dictator's picture

Well, at least we won't be going to war right now

Wed, 03/19/2014 - 18:21 | 4569757 Pure Evil
Pure Evil's picture

"We’re in this with you, together," Biden said.

 

I wonder if that's what all rapists say to their victims?

Wed, 03/19/2014 - 18:32 | 4569775 Independent
Independent's picture

What the heck why are we playing around with WW3, cant we just make Ukraine a federation and put in a clause like no standing army or NATO, like they did with Japan and then everyone can go to their European summer vacation spots??

Now I have to go to Torrent and download a bunch of plans for a nuclear shelter and spend my nice summer weekends building a freakin shelter cause some bozos in govt cant get along.

I am freakin sick and tired of hide and shelter helter skelter, duck and cover shoot your Russian brother, just so some rooster politicians can get on a podium and threaten other people.

Wed, 03/19/2014 - 18:35 | 4569800 Payne
Payne's picture

Ukraine will do anything to get in the headlines.  They will consider it a joint excercise if they were on the phone with Obama while running on the treadmill.  Obama will only send in forces to protect Libya oil for dollars programs, or Piracy for hire.  Great day to be an american soldier.  At least we could pretend we weren't mercs.

Wed, 03/19/2014 - 18:39 | 4569820 gmrpeabody
gmrpeabody's picture

""We’re in this with you, together," Biden said."

That's rich..., rotflmao.

Wed, 03/19/2014 - 18:52 | 4569872 TahoeBilly2012
TahoeBilly2012's picture

I am thinkin' people in  those baltic States are sayin "who is this cretin?"....yeesh, please don't show up in my town and don't touch my children please, with that dumb fucking smile.

Wed, 03/19/2014 - 18:52 | 4569873 HardlyZero
HardlyZero's picture

It's...for the resources.

Wed, 03/19/2014 - 18:58 | 4569895 johngaltfla
Wed, 03/19/2014 - 20:06 | 4570032 Looney
Looney's picture

All those newer-er-er NATO states should consider another Biden’s advice – “fire the family's double-barreled shotgun in the air, right after you insert it in your anus”.  ;-) Oy?  ;-)

Looney

Wed, 03/19/2014 - 20:50 | 4570206 Abi Normal
Abi Normal's picture

Time to send in John Rambo...oh wait, he's already there, Putin!

Wed, 03/19/2014 - 19:01 | 4569910 Gringo Viejo
Gringo Viejo's picture

Obama is a cunt. eom

Wed, 03/19/2014 - 19:59 | 4570046 Looney
Looney's picture

+7 for "EOM", Viejo-Geezer, and +24.5 for the "cunt". You've just made my... century? ;-)

Looney

Wed, 03/19/2014 - 22:03 | 4570524 SSN715
SSN715's picture

x1,000

Wed, 03/19/2014 - 19:03 | 4569914 agent default
agent default's picture

""We’re in this with you, together," In spirit.

Wed, 03/19/2014 - 19:54 | 4570045 fiddy pence haf...
fiddy pence haff pound's picture

i.e. "we got you in this shitload of trouble, now it's your turn getting yourselves out"

Wed, 03/19/2014 - 18:58 | 4569894 Kirk2NCC1701
Kirk2NCC1701's picture

We're not Mercs. We're Professionals!

Mercs usually work the highest bidder. Our goys/guys work for far less.

Wed, 03/19/2014 - 20:52 | 4570217 Abi Normal
Abi Normal's picture

If you're a true professional you come at a much higher price, not less my friend!  Supply and demand...

Wed, 03/19/2014 - 18:22 | 4569762 BlackChicken
BlackChicken's picture

"We are not going to be getting into a military excursion in Ukraine,"

Fucking LIAR...

We will just provoke the hell out of them until they make a mistake; then bombs away. We have a financial disaster to cover up.

Wed, 03/19/2014 - 18:34 | 4569794 Not Too Important
Not Too Important's picture

Don't forget needing to cover up the Fukushima disaster. The US is beginning to see the waves and waves of cancers that are going to spread across the land for tens of thousands of years - well, we'll all be gone by then - and O-care isn't going to cover cancer treatments.

Wait till the Moms of the US find out there's no cancer care for their kids. Hell, the milk is all saturated with radiation now, and climbing. Milk with your cereal, Johnny? Honey, get the baby another bottle of milk, would you? What's that on her neck? Why won't she stop crying?

Got radiogenic leukopenia?

Wed, 03/19/2014 - 21:00 | 4570231 Abi Normal
Abi Normal's picture

not too uptodate...I just read several reports recently, there is no surge in radiation levels out west, in the air or water, Ill try to dig them up...not saying Fuku is not bad now!  Just not as bad as you are saying, yet

 

EDIT:  

http://www.mnn.com/earth-matters/energy/stories/how-much-radiation-from-...

 

http://www.sfgate.com/science/article/Fukushima-radiation-could-reach-Pa...

 

http://www.foxnews.com/science/2014/03/15/scientists-expect-traces-fukus...

 

Hey, there are other places yes, these I just googled.

 

Wed, 03/19/2014 - 21:47 | 4570462 Not Too Important
Not Too Important's picture

Dig into the Infant Mortality Rate numbers after 3/11. You'll find hundreds of thousands of infants have died across North America above the rate before 3/11.

It kills the little ones first. If you have young children, or young grandchildren, hold them tight every chance you get. They're next.

Wed, 03/19/2014 - 22:16 | 4570574 caustixoid
caustixoid's picture

(Sorry for continuing this off-topic thread but) Do you have any references re: increase in child mortality?

There was a sudden "Spike in Sudden Infant Death Syndrome in BC" in 2011.

http://www.cbc.ca/news/canada/british-columbia/spike-in-b-c-sudden-infan...

"B.C.'s chief coroner is urging parents to use safe sleep practices in light of a spike in the number of sudden infant deaths across the province this year.

There have been 21 sudden infant deaths in B.C. so far this year, while there were 16 sudden infant deaths for all of 2010, Lisa Lapointe said Tuesday.

She said the reason for the increased number of deaths is all the more mysterious because health authorities, family doctors and public health nurses have kept up efforts to educate parents."

That's the beauty of radiation (if you're a government in denial) - you can never prove it killed anyone other than those exposed to the reactor core. 

Wed, 03/19/2014 - 18:44 | 4569841 disabledvet
disabledvet's picture

Fightclub "goes geopolitical."
how are the ratings? "through the roof as well"?
We all say one thing...and then we say it LOUDER.

And to think people have the temerity to have a few questions here.

Or do they?
Is it me or have we already skipped the "who's side are you on" and gone straight to "weapons of choice" and "first blood drawn from the torso"?
http://www.youtube.com/watch?v=DIF8qouivIU

Wed, 03/19/2014 - 21:51 | 4570477 Johnny Cocknballs
Johnny Cocknballs's picture

Fight Club was, largely, about cutting through the bullshit.

The Ukrainian coup, and how it has been presented in the obviously well-controlled mainstream media - is bullshit.

You either understand that, or you don't.

If this neocon/ziopath occupied government felt it could bomb and send mercenaries into Crimea at will, it would.  Ivan prevents that, and that means, for all Ivan's faults, it is good and wise to hope that Ivan can block the Global Banking Empire in at least part of the globe.

Now stop being a cunt.

Wed, 03/19/2014 - 22:33 | 4570667 centerline
centerline's picture

Be careful though... is just another illusion of choice.  Frying pan versus fire.

Wed, 03/19/2014 - 18:45 | 4569848 Flagit
Flagit's picture

"We are not going to be getting into a military excursion in Ukraine,"

Fucking LIAR...

 

i think the fact he said it seals the deal.

NOW im a little worried.

Wed, 03/19/2014 - 19:49 | 4570027 BlackChicken
BlackChicken's picture

Agreed.

My Grandmother use to say "Never believe a rumor until its been officially denied," the war games are a perfect cover for bringing lots of weapons and boots to the area waiting for someone to blink.

Wed, 03/19/2014 - 19:55 | 4570044 CrashisOptimistic
CrashisOptimistic's picture

Well, the probable oil reserves are offshore Crimea, and Obama just awarded those to Putin.

The rest may have none.  This is the same reason Taiwan is largely safe.

Wed, 03/19/2014 - 19:04 | 4569918 Kirk2NCC1701
Kirk2NCC1701's picture

Provocation till they throw the first punch -- the Sucker punch -- IS the American way.

It buys cover/pretext with the gullible and uninformed masses.

IMHO, the Anglo-American alliance is even worse than Imperialist Zionism. If that's possible.

Wed, 03/19/2014 - 19:07 | 4569929 BTCTalks
BTCTalks's picture

He didn't say anything about an INcursion.

Wed, 03/19/2014 - 19:15 | 4569947 perchprism
perchprism's picture

 

 

You are exactly right.  NOTHING that proceedeth out from that fucking LIAR's mouth bears any semblance to the truth.  When I read that, I knew we'd be seeing some sort of military adventure into Ukraine.  Bank on it.

Wed, 03/19/2014 - 18:26 | 4569768 Kayman
Kayman's picture

I take it that Ukraine will be holding joint military exercises with the U.S. and U.K. in Kansas.

I don't think Obama and his stooge Biden would actually send troops to the Ukraine. Right ? Right?... Oh fuck it. We invaded Iraq, didn't we.

Wed, 03/19/2014 - 18:46 | 4569845 HardlyZero
HardlyZero's picture

Bosphorus and Montreux Convention limit submarines and aircraft carriers in the Black Sea.   Helicopers are on ships are OK (hence the French helicoper carriers Russia is buying).

Maybe they would 'fly-in' troops and airplanes...but that would be expensive.

Looks correct...a simulated effort and a vacation for the top leadership in Kansas.

or maybe they could overfly Turkey and have limited air-time.

Wed, 03/19/2014 - 19:06 | 4569922 Not Too Important
Not Too Important's picture

As Russia shuts down all the escape routes for American forces in Afghanistan. We sure as hell aren't going to exit through Pakistan.

There are so many ways for Russia to fuck us, seriously fuck us, and we have no leverage at all with them.

I think the Squid and the Squidlings are getting nervous. Their '500 year plan' is going to hell, they've lost all support with their host countries, and their 'enemies' don't have to do anything more than just walk away to destroy the lot of them.

Are we going to attack nuclear-equipped countries if they just walk away and don't do business with us anymore? While our economies collapse under our own weight?

What happens when the Squid and the Squidlings start to reach Death's door? Will they take us all with them?

That's where we're at. Who replaced all those fired nuke missile officers? Anyone know? Are they even Americans? Nothing in the news at all since they were purged.

Wed, 03/19/2014 - 21:09 | 4570285 lakecity55
lakecity55's picture

they were replaced by dual nationals, i hope it's 'kosher.'

Wed, 03/19/2014 - 21:59 | 4570505 Johnny Cocknballs
Johnny Cocknballs's picture

After Fischer is smoothly approved, AIPAC, the ADL et al will be more open and vocal about appointing more dual nationals in high places. Although, the Chertoffs and Emmanuels already told me that ZOG isn't a "canard" even though wikipedia, predictably, dismisses it as "anti-semitic" "conspiracy theory" instead of anti-foreign loyalty cunts who dominated the Obama and Bush and to a large extent Clinton white houses.

Richard Perle, amongst others, should have been in jail - yet they were appointed to high levels of Bush's government.  You better believe there was a deal between the Bushies and the Jewish neocons  {and again, most Jews aren't neocons, but most neocons were Jews - neoconservatism is a species of militarism with Israel at the center of the geopolitical universe}.

 

Remember Chas Freeman, and how the Jewish/Israel Lobby derailed him because he wasn't deemed sufficiently in thrall to a tiny foreign state of 8 million people.

Wed, 03/19/2014 - 19:02 | 4569912 mendolover
mendolover's picture

Yeah we did.  Like a bully waiting for his next victim at the school bus stop.

Wed, 03/19/2014 - 21:06 | 4570270 lakecity55
lakecity55's picture

The total of troops involved is about 1300.

ther is a story at stars and stripes.

Wed, 03/19/2014 - 18:27 | 4569769 SilverRhino
SilverRhino's picture

>> President Barack Obama ruled out U.S. military involvement in Ukraine on Wednesday, emphasizing diplomacy in the U.S. standoff with Russia over Crimea.

1) He's worried that the USA/EU might get it's collected asses kicked.  Not that he actually gives a shit about human lives and especially US military deaths

2) He's utterly failing to start a new bankster war.  I wonder how long until TPTB decide he is useless and martyr (I mean assassinate) him for the cause??   

 

Wed, 03/19/2014 - 18:35 | 4569803 Not Too Important
Not Too Important's picture

Biden'll do it, with his new VP, McCain.

Wed, 03/19/2014 - 19:46 | 4570018 NOTW777
NOTW777's picture

jumping jacks 

Wed, 03/19/2014 - 21:35 | 4570409 TheReplacement
TheReplacement's picture

Like the Korea's, Taiwan-China, Japan-China-NorK, and a whole host of other places there's a crisis to be used just sitting in Ukraine.  It just depends on if either side thinks it has a clear advantage.

Wed, 03/19/2014 - 22:44 | 4570714 HardAssets
HardAssets's picture

"That struts and frets his hour upon the stage. And then is heard no more. It is a tale. Told by an idiot, full of sound and fury. Signifying nothing. "

 

http://usawatchdog.com/collapse-and-systemic-failure-at-all-levels-comin...

 

http://cluborlov.blogspot.com/

 

 

 

Wed, 03/19/2014 - 23:59 | 4571018 Buck Johnson
Buck Johnson's picture

Obama and the US blinked, there is no way they where going to war for the Ukraine no way. 

Wed, 03/19/2014 - 18:19 | 4569749 IridiumRebel
IridiumRebel's picture

Ukraine is solved. Back to gold MonkeyHammer, please. Must. Keep. Stacking.

Wed, 03/19/2014 - 18:35 | 4569798 HardlyZero
HardlyZero's picture

Only question is how large the IMF and EU bailouts, and if the bailouts occur before or after Ukraine EU membership.

This will be somewhat of a forced marriage for the EU...but the remaining Ukrainians will luv it.

Will Putin get excited if Ukraine becomes part of EU...will Ukraine join NATO ...that might be the 'breaking point' for Putin.

Wed, 03/19/2014 - 21:42 | 4570440 Wahooo
Wahooo's picture

Putin might let the ukes go for the right price. And if he wants it, he'll get it and we'll be fucked again.

Wed, 03/19/2014 - 18:28 | 4569766 CrashisOptimistic
CrashisOptimistic's picture

"The Ukrainian crisis is putting a strain on Russia’s $2 trillion economy, which expanded 1.3 percent in 2013 after 3.4 percent the previous year. Last year’s

growth was “insufficient” and the current outlook and government forecasts “can’t satisfy us,” Putin said March 12."

Russia gets about $265 billion/year for oil (this doesn't include natgas).  Obviously that is over 10% of GDP.

So an increase of 9% in oil's price to $120 for Brent would by itself add about $26.5 billion in revs to Russia, and grow the economy an extra 1.5% added to other growth in GDP.  Should get them comfortably to 3%.  With the delightful side effect of inflicting harm on their enemies.

So a few snipers in Nigeria and Libya should take care of that easily.

Problem solved.

Wed, 03/19/2014 - 18:36 | 4569807 Kayman
Kayman's picture

"Russia’s $2 trillion economy".  Since 90% of the U.S. economy is "services"- government, financial, health, etc. it makes you wonder if the Russian economy is actually a lot closer in size than it first appears.

Wed, 03/19/2014 - 18:31 | 4569773 tony wilson
tony wilson's picture
Ukraine Announces Joint US Military Exercises.

 

so we have ukraine nazis being trained by jews and catholic cia types who have just come from syria where they was pretending to be islamic organ eaters.

state dept normalcy

confused you should not be just read some old 1970s books by anthony c sutton or eutace mullins.

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