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EU Commissioner Warns "Any 'Sensible' Person Should Oppose Further Russia Sanctions"

Tyler Durden's picture


Obama won't be happy! "It would harm everybody, the Europeans and the Russians," warned Olli Rehn, the European Commissioner for Economic Affairs, adding that "any 'sensible' European Union citizen should oppose further sanctions on Russia because of the economic cost for Europe." As Merkel and Obama cozy'd up for discussions this morning, we can only imagine the promises being made if only she will support his crusade (which she clearly was unwilling to judging from the press conference). Perhaps she should check in with her nation's CEOs (who have vociferously demanded no more sanctions) and, as Rehn acknowledges, the slowing Russian economy is already having a “negative impact” on Finland and Austria, and "that economic fallout probably will spread to Germany, Poland and the Baltic countries."


As Bloomberg reports, Europe should shun Russia sanctions on economic cost, according to Olli Rehn...

Any “sensible” European Union citizen should oppose further sanctions on Russia because of the economic cost for Europe, EU Commissioner Olli Rehn said.


It would harm everybody, the Europeans and the Russians,” Rehn, the European Commissioner for Economic Affairs, said in an interview in Vienna today. Yet “it can only be avoided if Russia is committed to avoiding aggravation and escalation of this crisis,” he said.


As EU governments weigh economic sanctions on Russia for failing to stop separatists in Ukraine, the slowing Russian economy is already having a “negative impact” on Finland and Austria, Rehn said. That economic fallout probably will spread to Germany, Poland and the Baltic countries, he said.


Ukraine’s conflict escalated as the army sent armored vehicles and artillery today in a bid to retake the eastern town Slovyansk, a stronghold of pro-Russian separatists. Russian President Vladimir Putin had demanded Ukraine pull back troops as his forces remain massed across the border.


Everybody should try to reduce tension in eastern Ukraine and thus try to prevent an escalation of this regional crisis into a European-wide crisis,” said Rehn, who is on leave from his EU post while running for a seat in European Parliament elections starting May 22.

And there it is... with Ukraine now operating its anti-terrorist campaign, any Putin reaction will leave the West useless as Europe is broadly and loudly against further sanctions... pitting the US against the rest.

Merkel confirmed that economic sanctions are unlikely before May 25th elections.

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Fri, 05/02/2014 - 13:21 | 4720851 UrbanMiner
UrbanMiner's picture


Fri, 05/02/2014 - 13:25 | 4720865 ParkAveFlasher
ParkAveFlasher's picture

Barry tearfully asks Merkel for a redistribution of captured pieces, if that's part of the rules.  Merkel pulls his halfroed head to her breast comfortingly, ssshhh buby, only two years left.

Fri, 05/02/2014 - 13:51 | 4720962 strannick
strannick's picture

They have her cell phone records. Merkel will do what she's told, despite Germany asking for those, records, oh and their gold.The nation of Germany may have been fatally compromised over some sassy selfies.

Fri, 05/02/2014 - 13:53 | 4720998 fonzannoon
fonzannoon's picture

who would have guessed a selfie of her cottage cheese ass would break up the euro.

Fri, 05/02/2014 - 13:30 | 4720885 The Axe
The Axe's picture

bond market   BOMB 

Fri, 05/02/2014 - 16:13 | 4721655 SAT 800
SAT 800's picture

Is there a sensible person in the building please; paging a sensible person. If there's a sensible person here please come forward, thank you. Hmm. no response.

Fri, 05/02/2014 - 18:42 | 4722177 Wahooo
Wahooo's picture

Just the elevator man. He moves without taking a step. Very zen of him. But he can't answer your call.

Fri, 05/02/2014 - 13:24 | 4720857 agent default
agent default's picture

So no problem with Obama then.

Fri, 05/02/2014 - 13:24 | 4720859 Oh regional Indian
Oh regional Indian's picture

Realpolitik and Obama is at least made to look the man without a leg to stand on here.

Quite the game.

Plus, so many angles to destabilization: Ethnic, Economic, Religious, Political, Race......

Remember Rwanda, the first great "created" genocide thanks to Clinton 1 (yessss, I think Hillary might ...just.....do it....ugh!)....

Time for some serious, globalinstropection.

A good local start is, how do you treat your animals?


Fri, 05/02/2014 - 13:39 | 4720935 TheFourthStooge-ing
TheFourthStooge-ing's picture


Realpolitik and Obama is at least made to look the man without a leg to stand on here.

Olli Rehn's statement had a cleverly cloaked message:

Any “sensible” European Union citizen should oppose further sanctions on Russia


Yet “it can only be avoided if Russia is committed to avoiding aggravation and escalation of this crisis,” he said.

Translation: the people running the EU are not sensible people.

Fri, 05/02/2014 - 13:51 | 4720992 Dr. Venkman
Dr. Venkman's picture

Or the people running the EU do not view themselves as citizens of the EU, rather their rulers.

Fri, 05/02/2014 - 17:26 | 4721906 Bioscale
Bioscale's picture

There is no "EU citizen". It's just bureaucrat talking about his bubble brusels reality.

Ask the Greeks how they feel as citizens of the fucking banksters union. Or ask Czechs why they don't give up their own currency.

Fri, 05/02/2014 - 15:48 | 4721546 Luckhasit
Luckhasit's picture

A good local start is, how do you treat your animals?

My girls get treated like family.

Fri, 05/02/2014 - 13:24 | 4720861 Wile-E-Coyote
Wile-E-Coyote's picture

There will be no European sanctions that threaten energy supply; period.

Fri, 05/02/2014 - 13:25 | 4720863 ronron
ronron's picture

fuck the EU

Fri, 05/02/2014 - 15:40 | 4721520 SpanishGoop
SpanishGoop's picture

We are already fucked.

We will piss off one or the other.

Sanctions, no sanctions.


Fri, 05/02/2014 - 13:26 | 4720868 fonzannoon
fonzannoon's picture

Obama was rattling off info on russian stocks/bonds/currencies like he was hosting mad money. he just needed to throw some shit and have loud clown noises going on while he yelled.

Fri, 05/02/2014 - 13:36 | 4720921 Dr. Engali
Dr. Engali's picture

You are'nt going to believe this. I clicked to respond to your comment with another snarky comment and Jim Cramer's ugly mug jumped out in a pop up ad. I was so freaked out I forgot what I was going to say.

Fri, 05/02/2014 - 13:39 | 4720936 fonzannoon
fonzannoon's picture


Fri, 05/02/2014 - 13:42 | 4720951 swmnguy
swmnguy's picture

That must have been terrifying, Doc.  Take a moment to compose yourself.  Maybe change your shorts.  Have a cool glass of water.  That shouldn't happen to anybody.

Fri, 05/02/2014 - 13:49 | 4720981 Dr. Engali
Dr. Engali's picture

lol.... thanks I think I'm going to be okay. I better start drinking early though just to make sure.

Fri, 05/02/2014 - 13:57 | 4721024 Supafly
Supafly's picture

Use Firefox.  I haven't seen that snaggle toothed whore pop up since I installed it.

Fri, 05/02/2014 - 14:14 | 4721122 CrashisOptimistic
CrashisOptimistic's picture

Putin, with so little need to borrow, probably doesn't care about much of the financial this and that -- except his richest people do.  That would be the only impediment he faces to moving not just away from dollars but away from money as a trade vehicle.

Clearly cheap labor or food would be better than money in trade for things people burn immediately, but he must be careful not to impoverish a power base.

So he'll embrace gradualism.  His enemies will be bled slowly.

Fri, 05/02/2014 - 16:16 | 4721662 SAT 800
SAT 800's picture

In Russia the Rich Businessmen fear the President; not the other way 'round like here.

Fri, 05/02/2014 - 13:26 | 4720869 GolfHatesMe
GolfHatesMe's picture

Wait a minute, we have to stop drawing lines?

Fri, 05/02/2014 - 13:27 | 4720870 PlusTic
PlusTic's picture

come on dood, you aren't being the masochist you signed-up to be...get back to the script lest you be sent to the 99%!

Fri, 05/02/2014 - 13:27 | 4720873 Joebloinvestor
Joebloinvestor's picture

Watch this change when they are being ground up under a boot heel.


Fuck the EU.

Fri, 05/02/2014 - 13:36 | 4720915 SoDamnMad
SoDamnMad's picture

Yeah they all want to sell armaments and anything technical to the Russians.  The French and their amphibious assault ships to the Russians, Germany training systems to Russia, submarines to Greece and tanks to Saudi Arabia. Europe is almost repeating the Molotov-Ribbentropp pact.  Yeah Roll them tanks.  Right after the Victory Day parade in Moscow those war machines will roll all the way to Brussels. Pull everything back to the USA and build lots of submarines.

Fri, 05/02/2014 - 13:28 | 4720877 NOZZLE
NOZZLE's picture

Putin should roll the tanks all the way to the border of Romania. 

Fri, 05/02/2014 - 13:40 | 4720938 sangell
sangell's picture

His army's tanks would break down long before they got that far. Ukraine is bigger than Texas.

Fri, 05/02/2014 - 15:43 | 4721532 CrabNuggetOne
CrabNuggetOne's picture

Ukraine WAS bigger than Texas. Fixed it for you.

Fri, 05/02/2014 - 13:29 | 4720881 Ribeye
Ribeye's picture



Fri, 05/02/2014 - 14:04 | 4721065 ptolemy_newit
ptolemy_newit's picture

so its the UNION  verses the FEDERATION?

> THATS IT !!!!!!!!!!!!

Very strange though, seems against the tide of seperation.  There will be only one.


Fri, 05/02/2014 - 13:29 | 4720883 SheepDog-One
SheepDog-One's picture

Double good bullish for hand-held US stock indexes!

Fri, 05/02/2014 - 13:40 | 4720887 JustObserving
JustObserving's picture

What if you are a war-loving liar who has been droning poor peasants, almost lying to a major war with Syria, and sold his country down the river by handing NSA spying data on Americans without any restrictions to a foreign power in March 2009?  You would ratchet up new sanctions and hope for a war so you can boast, " I am really good at killing people."

Obama Told Aides He's 'Really Good At Killing People,' New Book 'Double Down' Claims


Pulitzer Prize-winning investigative journalist Seymour Hersh has published an article demonstrating that the US government and President Barack Obama knowingly lied when they claimed that the Syrian government had carried out a sarin gas attack on insurgent-held areas last August.



Fri, 05/02/2014 - 13:30 | 4720889 wmbz
wmbz's picture

Obozo is anything but "sensible" . Clueless buffoon, waste of skin, yea, but sensible hell no.

Fri, 05/02/2014 - 13:31 | 4720893 no more banksters
no more banksters's picture

"The most terrifying of all however, is not that the West has silenced in front of the decrees of the new Ukrainian leadership, through which is targeting the minorities, but the fact that the West allied with the neo-nazis, while according to some information has also funded their actions as well as other extreme nationalist groups during the riots in Kiev."


Fri, 05/02/2014 - 18:48 | 4722199 Wahooo
Wahooo's picture

Aren't all the people who have run our politics since WWII - Saudis, Jews, Bankers of every stripe - actually very NAZI-like? They're not exactly hellbent on freedom and liberty.

Fri, 05/02/2014 - 13:33 | 4720899 Dr. Engali
Dr. Engali's picture

Too big to fail on a soverign level. Globalization is a bitch.

Fri, 05/02/2014 - 13:40 | 4720901 buzzsaw99
buzzsaw99's picture

eurotards should stfu & do as they're told by owebomba and hitlary. [/sarc]

Fri, 05/02/2014 - 13:35 | 4720907 BrigstockBoy
BrigstockBoy's picture

Olli Rehn, someone Nigel Farage described as dangerous. Things must be very close to a tipping point in the EU if this POS is advocating no further sanctions.

Fri, 05/02/2014 - 13:39 | 4720933 Ribeye
Ribeye's picture

The Euro elections are in three weeks, 

the results will be the beginning of the end for the EU, 

Just watch, 

Fri, 05/02/2014 - 13:45 | 4720967 buzzsaw99
buzzsaw99's picture

another fine mess nato has gotten him into [/laurel and hardy]

Fri, 05/02/2014 - 13:37 | 4720920 sangell
sangell's picture

Where's the big gas and gas pipeline deal the Russian Deputy PM was supposed to negotiate with China. Its May and Putin is to go and bang his head before Xi Jinping to save Russia from Putins folly in Ukraine. Europe can diversify its gas supplies a lot faster than Putin can find new markets and if he doesn't get financing for the Power of Siberia pipeline and a gas export deal at a good enough price he's totally screwed. He's probably screwed in the short term anyway since no gas can be exported until the pipeline is built and that can't happen until 2018 at the earliest. Problem is Russia says it needs $13.50 per million BTUs to make the project economic and China ain't going to pay that!

Fri, 05/02/2014 - 13:37 | 4720924 Debugas
Debugas's picture

nobody is asking EU citizens what they want - EU is a dictatorship

Fri, 05/02/2014 - 15:25 | 4721446 trader1
Fri, 05/02/2014 - 13:39 | 4720929 stant
stant's picture

Stalin "they will sell us the rope with which we will hang them". Putin " we won't sell them the rope with which they could save themselves"? I need more popcorn for this shit show

Fri, 05/02/2014 - 16:06 | 4721619 Big Boss Man
Big Boss Man's picture

I believe that was Kruschev, though I was still a little boy in 62.

Fri, 05/02/2014 - 13:38 | 4720930 joego1
joego1's picture

Putin will get his federation of the Ukraine because the west won't be able to stand the pain. The Europeans will get higher energy prices no matter what at this point but once they get Obozo's big top to quit spinning around uselessly they might avoid a very  cold winter.

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