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Europe Unleashes Sanctions On 15 Individuals And 18 Entities (But No Russian Companies)

Tyler Durden's picture




 

We had a glimpse of what the sanctions could be but European leaders have just released the draft list of who may be affected:

  • *DRAFT EU SANCTIONS LIST TARGETS 15 INDIVIDUALS, 18 ENTITIES

Individuals include the head of Russian intelligence and Secret Service and focuses on Eastern Ukraine and Crimea entities (and no Russian companies). How long before the boomerang rotates back?

Via DPA,

EU ambassadors have agreed to hit 15 people and 18 entities with new sanctions for their role in the crisis in Ukraine, diplomats say.

 

The decision, expected to be finalized in coming days, would bring to 87 the number of people facing EU travel bans and asset freezes for their role in threatening Ukraine's territorial integrity.

 

The entities are being targeted under new criteria allowing asset freezes against organizations that are "materially or financially supporting actions" undermining the territorial integrity. EU leaders had indicated last week that Russian firms should be considered.

 

Any further decisions on stepped-up sanctions, such as tougher economic measures, are not expected until next week.

Via Bloomberg.

  • *EU TARGETS BORTNIKOV, HEAD OF RUSSIAN FSB SECRET SERVICE
  • *EU TARGETS PATRUSHEV, HEAD OF RUSSIA SECURITY COUNCIL
  • *EU TARGETS CHECNYA LEADER KADYROV
  • *EU TARGETS FRADKOV, DIRECTOR OF RUSSIA FOREIGN INTEL SERVICE
  • *EU DRAFT LIST FOCUSES ON EAST UKRAINE, CRIMEAN ENTITIES

 

And this...

  • *EU DRAFT SANCTIONS LIST DOESN'T MENTION MAJOR RUSSIAN COMPANIES

*  *  *

So just enough to please Washington, but not enough to really piss Putin off...

 

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Thu, 07/24/2014 - 11:33 | 4998441 Termin8or
Termin8or's picture

Can we just get this over with?   Let the missles fly alreadt...... DUBDUB3

Thu, 07/24/2014 - 11:34 | 4998457 Dr. Engali
Dr. Engali's picture

I kind of like this place, and I'm in no hurry to be vaporized.

Thu, 07/24/2014 - 11:42 | 4998504 Pladizow
Pladizow's picture

This is just a DRAFT* and does not yet take effect - Right?

Hey Putin, here's the exam before the test.

Prepare well and move the assets prior to the sanctions!

Thu, 07/24/2014 - 11:41 | 4998521 Vampyroteuthis ...
Vampyroteuthis infernalis's picture

Plad, Putin moved his assets a long time ago. No worries for him.

Thu, 07/24/2014 - 11:50 | 4998592 john39
john39's picture

Putin knows that Europe is fracturing.  the banker occupied governments can't hold it together...  who will be the first to openly break ranks?  Germany?

Thu, 07/24/2014 - 12:02 | 4998674 NotApplicable
NotApplicable's picture

Given the looks of that list, I'm doubting that there will ever be anyone openly breaking ranks.

Double(speak/think) is our future.

Pretenses will be maintained at all costs, as it's all that's left.

Thu, 07/24/2014 - 12:36 | 4998850 Utah_Get_Me_2
Utah_Get_Me_2's picture

Merkel can't afford to have Deutsche Bank torpedoed by the NY FED. Remember the not so veiled threat 2 days ago about DB's $70 trillion in derivitives

Thu, 07/24/2014 - 13:36 | 4999223 SpanishGoop
SpanishGoop's picture

That threat is like putting a gun to your head and say "i am going to shoot myself".

 

Thu, 07/24/2014 - 13:01 | 4999011 Kirk2NCC1701
Kirk2NCC1701's picture

"The truth will out".  Berliners on the march: https://www.youtube.com/watch?v=jDu-REENQRQ 

Where is the MSM on this?  Oh, yeah, I forgot:  >80% of US Media is owned by 6 corporations.  Who in turn are effectively owned (controlled) by "special interest" shareholders.

Thu, 07/24/2014 - 11:41 | 4998524 whotookmyalias
whotookmyalias's picture

15 individuals and 18 entities? Oh the horror!

Thu, 07/24/2014 - 11:51 | 4998594 ForWhomTheTollBuilds
ForWhomTheTollBuilds's picture

Quite the little system we humans have built.  

 

The elites lie and deceive us, but we all love it because each one of us thinks only we are smart enough to see the lies and respond in a self-advantagous way while all the other fools who believe what they read stumble blindly.

 

I can't see any flaw...

Thu, 07/24/2014 - 11:40 | 4998514 Headbanger
Headbanger's picture

What happens when we run out of sanctions?

 

Thu, 07/24/2014 - 11:48 | 4998573 Winston Churchill
Winston Churchill's picture

Print moar.

Thu, 07/24/2014 - 13:15 | 4999101 Deathrips
Deathrips's picture

I hear if you fractionalize sanctions, they last longer.

 

RIPS

Thu, 07/24/2014 - 13:14 | 4999090 Deathrips
Deathrips's picture

Way to go EU ...you managed to stick your own dick up your ass. Bravo....wtf?

 

RIPS

Thu, 07/24/2014 - 11:46 | 4998566 F0ster
F0ster's picture

EU tickles Russia. Russia giggles

Thu, 07/24/2014 - 12:13 | 4998614 Eirik Magnus Larssen
Eirik Magnus Larssen's picture

These so-called "category 1" sactions (meaning they target high-profile Russian individuals rather than the Russian economy itself) are mainly symbolic. They will not provoke Russia into retaliating, which is by design on Europe's part.  Germany, France and Italy are keenly aware that Russian counter-sactions would plunge the Eurobloc back into recession. Consequently, the United States, Poland, the Baltics and a few others find themselves unable to convince the Eurozone's largest players into toughening up on Russia. Europe is essentially divided on this issue.

Putin is well aware of this.

Thu, 07/24/2014 - 12:04 | 4998682 Urban Redneck
Urban Redneck's picture

I don't know, I'd pay good money to see Kadyrov's boys go to work on Cameron and Sikorsky with blow torches and pliers. The problem is that they have a reputation for not stopping there, and dragging the families into it.

And the last thing the EU needs is Kadyrov finding a common cause with (fr)enemy Wahhabi Chechnyans and providing them one-way airfare.

Fortunately I don't he needs to bank abroad, so it's probably just more meaningless feel-good group masturbation in an EU conference room, as opposed to actual sanctions (acts of war).

Thu, 07/24/2014 - 11:33 | 4998447 PlusTic
PlusTic's picture

Vlad, just shut the lights out already...the time for idle threats has ended...turn Europe dark!

Thu, 07/24/2014 - 11:36 | 4998467 Aknownymouse
Aknownymouse's picture

Time to anex Ukraine. Obviously nothing much will happen.

Thu, 07/24/2014 - 12:02 | 4998659 Eirik Magnus Larssen
Eirik Magnus Larssen's picture

Anexxing the whole of Ukraine would also mean taking on the country's debt and deteriorating financial conditions. Russia is content with annexing Crimea for its large gas fields and strategic importance, while destabilizing the rest of Ukraine so that it cannot develop into a fully-fledged satellite state of the West.

Thu, 07/24/2014 - 11:42 | 4998536 Kirk2NCC1701
Kirk2NCC1701's picture

No, no, no!  As Napoleon said:  "Never interrupt an enemy while he's self destructing".

Just keep adding fuel to the self-destruction of US and EU Neocons.  Make them suffer, not the common man who's just trying to get by.

Sanction right back, on a selective and targeted basis.  And hurt them where it hurts the most.  IOW... Keep up and accelerate the de-Dollarization.  Moar direct currency swaps and bond trades for economic and ENERGY sector trades.

Thu, 07/24/2014 - 11:33 | 4998451 maskone909
maskone909's picture

sanctions of russian companies will start a chain reaction that will lead to ww3

Thu, 07/24/2014 - 11:33 | 4998452 Itchy and Scratchy
Itchy and Scratchy's picture

Hope they emptied their bank accounts before Herman Van Bumboy does!

Thu, 07/24/2014 - 11:34 | 4998454 pods
pods's picture

Whoa, taking a big step there EU.  33 total?

Lemme guess, Gazprom is not on that list?

Guess we know who runs Bartertown there Angie?  Why don't you tell the kind residents again who runs bartertown?

(apologies to anyone who pictured Angela in that Tina Turner chainmail skirt)

WB?  There is a nasty idea for a pic.

pods

Thu, 07/24/2014 - 11:39 | 4998498 Haager
Haager's picture

I just thought about a Addams-family persiflage, putin' several politicians in2 place. Sure, it would be the ugliest Morticia ever...

Thu, 07/24/2014 - 11:34 | 4998455 Senduko
Senduko's picture

Gotta have some big Cohones to go after the head of the FSB. Let's see how this end shall we.

Thu, 07/24/2014 - 11:36 | 4998470 Haager
Haager's picture

I love it when actions are funded on good reasons to do so.

So, European leaders, can we get the reasons explained publicly, too?

Thu, 07/24/2014 - 12:16 | 4998749 CrashisOptimistic
CrashisOptimistic's picture

Announcing who the individuals are before they are actually sanctioned, after verifying that they don't hold any London real estate, is actually more than I expected from Europe.

 

I expected them to announce that such and such a person might be appointed to a commission to study how to create a plan to consider sanctions.

Thu, 07/24/2014 - 11:37 | 4998474 Dr. Engali
Dr. Engali's picture

I'm sure the MSM will cover Zero's ass by screaming "EU SANCTIONS RUSSIA" .

Thu, 07/24/2014 - 11:44 | 4998544 DeliciousSteak
DeliciousSteak's picture

That's the point isn't it. Europeans offering some common courtesy while making sure Putin agrees with the list. Politicians, man.

Thu, 07/24/2014 - 12:04 | 4998690 NotApplicable
NotApplicable's picture

Which, of course, is the whole point of this exercise.

Thu, 07/24/2014 - 11:38 | 4998487 tony wilson
tony wilson's picture

ivan spastick

and

boris kissoff

are both jewish and inno since forever.

both do a lot for the hollow cause anti nazi fundraising and putting pressures on swiss and germany for compensations monies for tel avivs crime families.

this outrage must be paid for in gold bars no dollars pleasings

Thu, 07/24/2014 - 11:41 | 4998489 Dubaibanker
Dubaibanker's picture

Rumour has it that UBS Bank is out on bail...somewhere....

If anyone finds UBS, dead or alive, the reward is set at EUR 1.1bn / USD 1.48bn.

Now lets go hunting...

UBS says bail in French tax evasion probe set at $1.48 billion


Putin to the man who broke the sanction news to him: Let the Europeans first settle among themselves before they sanction me....Bwaahahahahaha...

Thu, 07/24/2014 - 11:41 | 4998510 Peter Pan
Peter Pan's picture

I'll bet they are not putting any travel restrictions on Edward Snowden.

Then again, who wants to fly these days.

Thu, 07/24/2014 - 11:42 | 4998517 Bill of Rights
Bill of Rights's picture

http://womenandpolicing.com/violencefs.asp


Two studies have found that at least 40% of police officer families experience domestic violence, (1, 2) in contrast to 10% of families in the general population.(3) A third study of older and more experienced officers found a rate of 24% (4), indicating that domestic violence is 2-4 times more common among police families than American families in general. A police department that has domestic violence offenders among its ranks will not effectively serve and protect victims in the community.5, 6, 7, 8 Moreover, when officers know of domestic violence committed by their colleagues and seek to protect them by covering it up, they expose the department to civil liability.7

 

Amazing statistics that they DO NOT want you to see.

Thu, 07/24/2014 - 11:43 | 4998550 Seasmoke
Seasmoke's picture

Any sanctions on the Brooklyn Nets owner.....or do Stern and Silver have enough pull with Tribe ???

Thu, 07/24/2014 - 11:44 | 4998553 firstdivision
firstdivision's picture

Wake me when Alexey Miller, Gazprom, or at the very minimum Andrey Kruglov are on the list.

Thu, 07/24/2014 - 12:58 | 4998981 Haager
Haager's picture

I would prefer to see Icahn, Ackman and Krugman on the very list.

Thu, 07/24/2014 - 11:45 | 4998564 Kirk2NCC1701
Kirk2NCC1701's picture

Interesting... no Dual Citizens on the list.  Ask me if I'm surprised.

Thu, 07/24/2014 - 12:15 | 4998751 chunga
chunga's picture

they made the list

Thu, 07/24/2014 - 11:48 | 4998579 Reaper
Reaper's picture

Full of sound and fury signifying cowardice.

Thu, 07/24/2014 - 11:49 | 4998585 One And Only
One And Only's picture

*EU TARGETS CHECNYA LEADER KADYROV

In Soviet Russia Checnya targets you

Thu, 07/24/2014 - 11:54 | 4998618 Kaiser Sousa
Kaiser Sousa's picture

todays bullshit action in the paper Gold and Silver rigged fucking markets is all about discouraging this...

(Reuters) - Merk Gold Trust, a bullion-backed exchange-traded fund which allows its shares to be redeemed for physical gold, said on Wednesday it has made its first delivery in dozens of U.S. gold coins to an investor.

The ETF, launched by Palo Alto, California-based Merk Funds in May to offer a liquid trading product with the benefits of physical gold bullion, has accumulated 40,000 ounces in two months even in a bearish gold market.

The fund, trading on the NYSE Arca platform with the ticker OUNZ, owns less than 1 percent of gold held by SPDR Gold Shares , the world's biggest gold ETF. However, many participants are warming to the idea that the product could bridge the gap between the physical and paper gold markets.

A record two-day $225 drop in gold prices in April 2013 has boosted interest in physical gold and silver coin and bars, even as institutional investors continued to sell gold ETFs on a lack of inflation and as the Federal Reserve is set to unwind its bond-buying stimulus.

Merk Funds, which offers currency mutual funds to hedge against any depreciation of the dollar caused by unsound U.S. monetary policies, said the individual investor submitted 5,406 shares of OUNZ and requested the delivery of 54 American Buffalo 24-carat gold coins last week. The gold coins was delivered on Tuesday, Merk said.

The company did not provide any further details.

The ETF can also deliver gold in 400-ounce London bars, American Eagle 18-carat gold coins, and other one-ounce coin and bars. Processing fees can go as high as $7,000 or 7 percent of the transaction, but they drop as the size of physical deliveries increases.

Merk Funds President Axel Merk said the ETF received a U.S. patent for its efficient commodity delivery process which can handle numerous requests by retail investors.

SPDR Gold Trust investors who wish to redeem their shares in gold can liaise with the ETF's authorized participants, making physical delivery requests by small retail investors very difficult, if not impossible.

Thu, 07/24/2014 - 11:57 | 4998637 kanoli
kanoli's picture

So much for rule of law.  These individuals have not been charged with a crime or been given any other form of due process.  Neither has Russia for that matter.  So now we can target individuals to punish a country for not doing our wishes?  What happens when they apply that theory to corporation and organizations at home?  Sanction individual editors because a newspaper or tv station doesn't stick to the government line?  Hmmm.  This could be a precision control method....

Thu, 07/24/2014 - 12:07 | 4998708 Haager
Haager's picture

Meanwhile, NATO preparing and optimizing everything for an article 5, directed at the east. I can't imagine what their additional plans are to get the bear moving since MH17 failed so far.

Thu, 07/24/2014 - 12:10 | 4998723 I woke up
I woke up's picture

Europe is screwing themselves long term regardless of who comes out on top on this sanction battle.  Who's going to trust them once the dust has settled.  People that ride the fence are chameleons that can not be trusted. Pick a side and deal with it.

Thu, 07/24/2014 - 12:18 | 4998770 GoldenDonuts
GoldenDonuts's picture

All of North America's and Europe's leadership is a sad fucking joke.

Thu, 07/24/2014 - 12:45 | 4998901 IANAE
IANAE's picture

anybody else see this article in The Guardian? http://www.theguardian.com/business/2014/jul/22/economic-meltdown-scenar...

Thu, 07/24/2014 - 12:54 | 4998961 kowalli
kowalli's picture

USA don't care...

Thu, 07/24/2014 - 12:55 | 4998965 JenkinsLane
JenkinsLane's picture

Goldilocks sanctions

Fri, 07/25/2014 - 06:04 | 5002638 onmail
onmail's picture

USA (read 'Bama) trying to paint Russia as a Commie regime.
Looks like 'Bama had a shot of pot too strong and having hallucinations while humping a cute young guy.

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