This page has been archived and commenting is disabled.

Europe's Proposed Russian Sanctions Leaked: Full Report

Tyler Durden's picture


It appears the European leaders, rather than actually unleash sanctions (as the US has dictated asked), has decided to 'warn' of possible sanctions with a 10-page memo of options available to them. As The FT reports, the memo (full memo below) prepared by the European Commission and distributed to national capitals, includes a proposal to ban all Europeans from purchasing any new debt or stock issued by Russia’s largest banks and also proposes barring the Russian banks from listing new issues on European exchanges, preventing them from using London or other EU stock markets to raise funds from non-Europeans. While Germany (and many other EU nations remain nervous of the blowback) the 'options memo' is extensive and would likely have significant impact on the Russian economy.

Not everyone's united for these sanctions...


As The FT reports,

EU diplomats will weigh sweeping Russian sanctions on Thursday that include a proposal to ban all Europeans from purchasing any new debt or stock issued by Russia’s largest banks, according to a proposal seen by the Financial Times.


The sanctions measure, contained in a 10-page options memo prepared by the European Commission and distributed to national capitals, also proposes barring the Russian banks from listing new issues on European exchanges, preventing them from using London or other EU stock markets to raise funds from non-Europeans.


...far more extensive than sanctions imposed by the US this month which only targeted two Russian banks, Gazprombank and VEB, since the EU proposal would hit all banks with more than 50 per cent public ownership.




In addition to the capital markets ban, one of the most onerous measures included in the document is a proposed restriction on exporting “sensitive technologies”, which would include components needed by Russia’s critical energy sector.




Other options included in the paper are an arms embargo, though the document says the EU exports only about €300m in weapons to Russia and it would largely affect the €3.2bn in armaments imported from Russia by Europe. Many former Warsaw Pact countries still rely on Russian military equipment.


“Restricting access to capital markets for Russian state-owned financial institutions would increase their cost of raising funds and constrain their ability to finance the Russian economy, unless the Russian public authorities provide them with substitute financing,” the document reads.


“It would also foster a climate of market uncertainty that is likely to affect the business environment in Russia and accelerate capital outflows. “


“[It] would push companies to seek state financing as a stopgap, further straining the government’s budget,” the document states.

Will it happen?

Although Thursday’s meeting of EU ambassadors will be the first time diplomats have formally discussed such broad-based sanctions against Russian economic sectors over Moscow’s interference in the Ukraine crisis, the capital markets ban remains unlikely.


The measure would have to be agreed unanimously by all 28 EU members, and several countries have repeatedly shown a reluctance to agree such sector-wide sanctions.

*  *  *

Is it any wonder European leaders are all talk since the potential for blow back is so much larger compared to Washington...


The Full leaked memo courtesy of Telegraph:


- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Thu, 07/24/2014 - 10:33 | 4997968 Kaiser Sousa
Kaiser Sousa's picture

well this would explain the bullshit that is taking place in the phony paper prices of Gold and Silver right????

Thu, 07/24/2014 - 10:42 | 4997987 Kaiser Sousa
Kaiser Sousa's picture

hey i up'd myself just to counter the asshole that downed me...
now fuck off.

Thu, 07/24/2014 - 10:45 | 4998065 PartysOver
PartysOver's picture

I down voted you just to stir the pot a little.   What can I say ES is boring today. 

Thu, 07/24/2014 - 10:48 | 4998090 Kaiser Sousa
Kaiser Sousa's picture

thats cool...
at least you r making as much sense as these rigged fucking markets.

Thu, 07/24/2014 - 12:05 | 4998692 Oracle 911
Oracle 911's picture

On other note Czech gov., Pole gov and Baltic countries are ass-hats of US on a suicidal level. Well these govs. were always ass-hats but not always on this suicidal level. Why I'm saying it?

1st I'm living in this region thus I know what is going on.

2nd Overlap the gas consumption and pusher map and you will see, although Spain a and Portugal doesn't consume that much Russian gas, they govs are reluctant i.e. bit more sane.

Fri, 07/25/2014 - 00:59 | 5002338 StychoKiller
StychoKiller's picture

I was thinking the same thing! Perhaps there's some truth in the pictures of "Polish target pistols!"

Thu, 07/24/2014 - 10:37 | 4997970 Bioscale
Bioscale's picture

The Czechs pushing towards sanctions against Russia... with 100% russian gas and oil consumption plus billions in investments in various industries throughout the country. What the fuck do they expect? A mild winter? Cheap german cars powered by water?

Thu, 07/24/2014 - 10:40 | 4998020 Kirk2NCC1701
Kirk2NCC1701's picture

It's all EMOTION.  Same for Baltic states.

Thu, 07/24/2014 - 11:01 | 4998162 Eirik Magnus Larssen
Eirik Magnus Larssen's picture

It's not. The sanctions currently being considered by the European Commission are so-called "category 3" sanctions. That means they would specifically target key sectors of the Russian economy, such as for example energy and finance. If these sanctions are implemented, Russia is bound to retaliate in one form or another.

Given the fragility of Europe's economic recovery (I use the term lightly), that would put much of the Eurozone back into recession.

Thu, 07/24/2014 - 10:40 | 4998021 SoDamnMad
SoDamnMad's picture

Perhaps the Czechs are the only ones with balls. Get invaded and see you you like it.

Thu, 07/24/2014 - 10:49 | 4998086 Urban Redneck
Urban Redneck's picture

Given the measly ~ÙSD 100 in literally worthless fiat that they get for parting with a barrel of valuable btus-- at what point of shutting the Russians out the banking system is one of their bean counters going to realize that it actually is cheaper to simply turn off the lights in Barter Town and let the animals go at it for a few hot summer nights? It's not like they can't turn the lights back on and sell crude oil later...

Thu, 07/24/2014 - 12:11 | 4998729 Omen IV
Omen IV's picture

Estonia, Latvia, Poland - what would the US have to hold these guys in place - insanity!!!

Thu, 07/24/2014 - 13:14 | 4999092 Jurassic
Jurassic's picture

Nah. Czech government are just bunch of EU rectal alpinists and idiots.

Thu, 07/24/2014 - 13:59 | 4999335 Zwelgje
Zwelgje's picture

+1 for "rectal alpinists."

Thu, 07/24/2014 - 10:34 | 4997977 AnnndItsGone
AnnndItsGone's picture

Wow, a memo! That`s agressive.

Thu, 07/24/2014 - 10:36 | 4997983 barre-de-rire
barre-de-rire's picture

no surprise here those who benefits most russian gaz want to keep the dog leashed.

we'll discuss that  around october when nights will go below zero celcius, would you.


Thu, 07/24/2014 - 10:37 | 4997994 WTFUD
WTFUD's picture

Is that a definitely maybe?

Thu, 07/24/2014 - 10:37 | 4997995 IridiumRebel
IridiumRebel's picture

I'm still waiting for definitive proof on MH17.

Thu, 07/24/2014 - 10:37 | 4997997 Quinvarius
Quinvarius's picture

What exactly is Russia supposed to stop doing before we lift sanctions?  They should probably spell that out because it is very unclear what exactly these sanctions are being enacted over.

Thu, 07/24/2014 - 10:42 | 4998033 blabam
blabam's picture

Surrender all land and resources to Uncle Sam...

Thu, 07/24/2014 - 10:48 | 4998056 HamFistedIdiot
HamFistedIdiot's picture

Agreed. WTF are the actions Russia has taken that call for international condemnation? Kiev's got the BUK launching system, Kiev has the air traffic controller tapes, NORAD and NSA have satellite images and voice traffic they refuse to release, the US State Dept paid $5billion for the Ukranian "spring", and Biden's son is now sitting on the board of Ukrane's largest energy producer. I'd say NATO and the US media owe Russia an apology over this "misunderstanding".

Thu, 07/24/2014 - 13:10 | 4999066 BorisTheBlade
BorisTheBlade's picture

Russia is supposed to stop being Russia and become I dunno, Ukraine.

Thu, 07/24/2014 - 10:38 | 4998005 Hannibal
Hannibal's picture

Sanctions are an act of war. Russia has the right to defend it selves.

Thu, 07/24/2014 - 16:15 | 5000195 Raymond K Hessel
Raymond K Hessel's picture

I agree with your sentiment....but not your grammar or spelling. :p

Thu, 07/24/2014 - 10:38 | 4998012 passenger_pidgin
passenger_pidgin's picture

They got together and wrote a memo.  How quaintly European.

Tough talk can resume next spring.

Thu, 07/24/2014 - 10:41 | 4998031 just-my-opinion
just-my-opinion's picture

Memo.....Why wait?


Thu, 07/24/2014 - 10:38 | 4998013 Kirk2NCC1701
Kirk2NCC1701's picture

Leftist Sweden and the Baltic states should tread carefully: "No gas for you!"

But, not to worry, with all the QE, they can always burn FED Notes this winter, to stay warm.

Thu, 07/24/2014 - 10:45 | 4998057 passenger_pidgin
passenger_pidgin's picture

Maybe that was the US angle all along.

Thu, 07/24/2014 - 10:53 | 4998138 RaceToTheBottom
RaceToTheBottom's picture

They can reverse the pipelines for all of Russia supplied Europe.....

And supply the gas ..... from North Dakoda.

Solved...  Next....?

Thu, 07/24/2014 - 11:38 | 4998490 samsara
samsara's picture

Either include the /sarc or it's one of the stupidest posts so far.

Pipes go from Source to End Use.   Russia is a SOURCE , Europe is the End Use.

If Europe didn't need Russia's gas, there wouldn't have been pipes to begin with.

Nat. Gas is a Single Continent Suppy/Use material.  (LNG is fly shit on a cannonball in comparison)

Even if North Dakota HAD enough gas(which it don't)  you can't get it off the continent.


Thu, 07/24/2014 - 12:09 | 4998718 RaceToTheBottom
RaceToTheBottom's picture

Thanks for at least giving me some benefit of the doubt, although the title of "one of the stupidest posts so far" does have some appeal to my competitive side....


Thanks for reading and commenting.  It was a sarc.  I have family in Slovakia and am very familiar with their issues.

Thu, 07/24/2014 - 13:01 | 4999013 NoDecaf
NoDecaf's picture

Sarc police on patrol.

Thu, 07/24/2014 - 11:29 | 4998404 AGuy
AGuy's picture

Not to worry, the USA will supply all the NatGas Europe needs /sarc

Thu, 07/24/2014 - 10:39 | 4998014 williambanzai7
williambanzai7's picture

Shut the gas off already...

Thu, 07/24/2014 - 10:51 | 4998110 Winston Churchill
Winston Churchill's picture

Prolly exactly what Putin called back the Duma for.

Its going to hurt , so he wants a consensus.

Thu, 07/24/2014 - 11:51 | 4998601 Greenskeeper_Carl
Greenskeeper_Carl's picture

I doubt it. Until they get all of this infrastructure settled with china, they still need Europe as a customer. Right now they don't have the ability to send their energy exports to anyone but Europe. This isn't to suggest that Russia doesn't have the upper hand with Europe though. Europe needs Russian energy more than Russia needs their money.

Thu, 07/24/2014 - 14:27 | 4999516 Freddie
Freddie's picture

What is interesting is the calendar is ticking.  This whole phony coup with Joe Biden's son and all these other criminals was launched in Spring.   Look at the calendar.  July 24.  Getting close to fall then winter.  Putin can just wait. 

Hopefully some Russians are coming across to protect the locals in Western Ukraine. 

Thu, 07/24/2014 - 16:15 | 5000200 Raymond K Hessel
Raymond K Hessel's picture

Plus, Putin knows how risky it is to have only China as a client.

Thu, 07/24/2014 - 20:49 | 5001688 IronForge
IronForge's picture


Thu, 07/24/2014 - 11:19 | 4998346 SWCroaker
SWCroaker's picture

I suspect the US drools over the prospect; they'd love it.   

Thu, 07/24/2014 - 10:39 | 4998016 Sudden Debt
Sudden Debt's picture

Ehe.... And of course silver is being knocked down just because...

Thu, 07/24/2014 - 10:39 | 4998018 icanhasbailout
icanhasbailout's picture

Too soon to place bets on a massive energy crisis in Europe this winter?

Thu, 07/24/2014 - 10:41 | 4998032 barre-de-rire
barre-de-rire's picture

time to change the way people are cooking in europ... right now.


Thu, 07/24/2014 - 10:43 | 4998044 Bioscale
Bioscale's picture

The wood party.

Thu, 07/24/2014 - 10:59 | 4998189 barre-de-rire
barre-de-rire's picture


electrical unballasting is very possible this winter if many people do not have gaz to eat-heat/both. turning millions housing from gaz & electrical to full electrical will provok serious shit this winter.

there is no possibility to avoid this fact.

Thu, 07/24/2014 - 12:49 | 4998911 Uskatex
Uskatex's picture

No if the provider has installed "intelligent" counters that are able to interrupt the power if it exceeds a given limit, that can be changed by remote.

Thu, 07/24/2014 - 10:44 | 4998051 just-my-opinion
just-my-opinion's picture

I'm in Texas....I just gotta get thru the hot


Well...then....there is all this other stupid shit


Chess or Nukes


Time to play the game

Thu, 07/24/2014 - 10:49 | 4998100 just-my-opinion
just-my-opinion's picture

Petro-dollar...What...thats chess.....


If you nuke Houston....I might live


Fun while it lasted....Did I say Bitches out loud


Peace out


Thu, 07/24/2014 - 14:31 | 4999537 Freddie
Freddie's picture

Look at the calendar.  We are almost at the end of July.  The summer is getting closer to ending in northern-central Europe.

Thu, 07/24/2014 - 10:42 | 4998037 Dubaibanker
Dubaibanker's picture

< I call the bluff.....if the report has been leaked, sanctions are NOT happening.

< Sanctions will happen 

Let's vote.

Thu, 07/24/2014 - 16:18 | 5000215 Raymond K Hessel
Raymond K Hessel's picture

Exactly.  They are trying to tease out a response from Putin, to see where his head is at.

Best thing is to say nothing, do nothing.  Then, when the winter comes, big bump on the price of natural gas.

Thu, 07/24/2014 - 10:49 | 4998078 agent default
agent default's picture

Russia turn: Cut of gas and oil supply to Europe. All of it.  Dump all Euro denominated debt, including sovereign.  Dedolarize further.  Escalate Ukraine. If EU keeps acting stupid, trying to somehow look relevant in all this, they will just get their butts kicked allover the place and I would not exclude escalation all the way to the Baltic states. 

BTW a question to the Euros here:  Do you really think that when push comes to shove, the US will even remotely risk NY, LA, Dallas, you name it, to save Paris, London or Berlin? 

NOT HAPPENING.  Russia gets serious and you are on your own.  Obama will make a statement in your support though.


PS. A Very strong statement.  Will alternately read from both teleprompters for added effect.

Thu, 07/24/2014 - 10:58 | 4998173 passenger_pidgin
passenger_pidgin's picture

Supposedly, that was the Cold War strategy for the US in the 80s, in case it went hot- let the Ruskies trample Europe, then deal with the mess once their borders and logistics get too big to control.

Many Eurogroup countries will be reluctant to give up on their heating fuel, and one powerhouse in particular may see the benefits of trading primarily with the East (as consumption, fundamentals, and benefits dwindle).  Perhaps this is the issue that finally destroys the EU (by removing the only significantly functional part).

I agree that strong words from TOTUS are a givven.

Thu, 07/24/2014 - 11:09 | 4998253 barre-de-rire
barre-de-rire's picture

from france here, imho, russia know west europ have no interest to push things over the cliff. it is just the usa question about how far usa push to get ressources.

usa will not resign to be 1° world wide nation, not without fighting, whatever if is cleany or cia way. based on that:

usa do not sell gaz to europ, usa do not sell oil to europ. if usa threaten too hard ( it is the case actually ) but europ have no other option for now ( still the case ) they have no other choice to wisper to poutine, "hold on we are moving" & doing a public move that is not followed from inside, just because a frontal NO = WW3 in the same day. it is a slow machinery to displace.

Thu, 07/24/2014 - 14:34 | 4999552 Freddie
Freddie's picture

As Dr. Jim Willie has been saying - Germany has been lost to Russia.  As soon as it is official that Germany is done with America then France will follow.


Thu, 07/24/2014 - 16:20 | 5000225 Raymond K Hessel
Raymond K Hessel's picture

I call shenanigans on Barre's gallic credentials, " choice to wisper to poutine,"

The French know how to spell Putin.

This guy makes Boris sound Russian.

Thu, 07/24/2014 - 11:39 | 4998500 25or6to4
25or6to4's picture

@Agent Default
"Obama will make a statement in your support though." indeed he will but not before he finnishes of the back 9.

Thu, 07/24/2014 - 10:47 | 4998079 wrs1
wrs1's picture

Easy to do this while it's hot, but this will have no traction around October and months following.......

Thu, 07/24/2014 - 11:08 | 4998249 what's that smell
what&#039;s that smell's picture

eu gonna shoot itself in the head because washington said so?

chaos....she sure is a wacky blow-backy bitch.

Thu, 07/24/2014 - 11:10 | 4998267 barre-de-rire
barre-de-rire's picture

definitivly agree, 


they whine on summer, they cry on winter :)

Thu, 07/24/2014 - 14:36 | 4999576 Freddie
Freddie's picture

Reminds me of some Beach Boy song.  Good times in the summer but summer is almost over.  Reality will slowly sink in as each day passes.   Expect more evil from the USSA-NWO-Soros-Obama-NeoCons.

Thu, 07/24/2014 - 10:47 | 4998082 markelshark
markelshark's picture

Can someone remind me why we are supposed to be mad at Russia again?

Thu, 07/24/2014 - 10:52 | 4998129 kurzdump
kurzdump's picture

they leaked the protocols of the elders of zion.

Thu, 07/24/2014 - 10:48 | 4998091 Billy Sol Estes
Billy Sol Estes's picture

Bullish for Statoil

Thu, 07/24/2014 - 10:49 | 4998101 White Owl
White Owl's picture

An EU memo that will surely accelarate the BRICS momentum.

Thu, 07/24/2014 - 11:43 | 4998122 Dewey Cheatum Howe
Dewey Cheatum Howe's picture

Crypto-currency, it is time for Russia to formally embrace it's use for international commerce.


Thu, 07/24/2014 - 10:52 | 4998123 Kina
Kina's picture

The US determined to have its way in reducing Russia's strength.

But as many suckholes they can find in Europe to support them actual sanctions will have equally bad results for the US and Europe.


Imagine if you will a few large explosions in Saudi Arabian oil fields, and Russia simultaneously cutting off gas to Europe....what happens next?


Fuel prices double, trebble, quadruple? US economy fails, USD finished, Europe begs Russia to turn the gas back on.


USA is uniquely sensitive to the cost of energy and to the supply chain of energy...Russia not so.

Thu, 07/24/2014 - 11:09 | 4998137 GooseShtepping Moron
GooseShtepping Moron's picture

Even if sanctions work (that is, even if they bring about the intended economic effect) they don't always "work" (that is, they don't force the target country to modify its behavior in the intended direction). Sanctions failed to bring about meaningful change in either Iraq or Iran with their substantially smaller and more fragile economies, and I don't think they will induce Russia to change its attitude either. The European sanctions will neither work nor "work" for Russia, who has a new best buddy in China and a string of homies in South America. The Russians can take the pain, and they may even accept the chance to get back at the American-European world with a sort of sporting interest.

Furthermore, I hope nobody believes that Putin was just blowing his own borscht when he said that sanctions would have negative consequences for Europe and America. We all know the logistics of the gas situation. Without Russian oil and gas, Europe is effectively reset to the year 1898. If Putin does anything so dramatic as shut off the gas, Europe will be up in arms calling him a brutal tyrant and remonstrating for the world to eradicate him. But he has the perfect retort: "What makes you guys think you have the right to Russian resources? Russia will defend itself and its territory." However tense events get in the interim, history will come down on the side of Russia, with Europe and America seen as unprovoked aggressors.

Thu, 07/24/2014 - 10:54 | 4998145 Amish Hacker
Amish Hacker's picture

Historically, first you have currency wars, then trade wars, and then the shooting starts. The pattern seems to be holding.

Thu, 07/24/2014 - 10:54 | 4998150 JRobby
JRobby's picture

EU - Massive Pussies. They are tools

Thu, 07/24/2014 - 14:41 | 4999599 Freddie
Freddie's picture

The EU is totally corrupt.  If you are talking about the people - how would you react when you had a psychotic "ally" like the USA who uses death squads, false flags, B-52, currency attacks, the NSA and other crap.  Like old Rome but probably more evil.

Thu, 07/24/2014 - 10:57 | 4998163 Herdee
Herdee's picture

Obama and Cameron won't get their Keynesian economic ways.Russia and the BRICS have got a long memory.Don't forget,China will match U.S. GDP shortly and it looks like non-stop upwards momentum in China.It could turn out in the future that any sanctions against BRICS nations will have repercussions that won't be good for Europe or America.Washington and London politicians have a very short timespan and outlook.

Thu, 07/24/2014 - 13:34 | 4998362 goldhedge
goldhedge's picture

That is why the US is setting up a trap for China in the South China Sea.  They will force conflict and then bingo world wide embargo on China.

Thu, 07/24/2014 - 13:39 | 4999236 vincenze
vincenze's picture

Sanctions against Russia, sanctions against China - so, Russia and China will be the best friends.

They will skip Europe and the USA and find friends in Africa, Asia, Latin America.

Thu, 07/24/2014 - 14:42 | 4999615 Freddie
Freddie's picture

We are getting to the point when Europe has to decide.  Almost like 3 little kids.  Merkel will have to decide and the USA is the ugly psychotic evil kid that no one will want to play with.

Thu, 07/24/2014 - 10:57 | 4998168 Kina
Kina's picture

It is impossible for gas from the US to be shipped at even a tiny fraction of the need of Europe if Russia cut the gas.

Liquifying the loading and shipping is slow, very expensive and very limited supply amounts in comparison to what comes through a pipeline.


That is europes problem - there is no short term answer to their dependance on Russian gas.



Thu, 07/24/2014 - 10:58 | 4998183 Itchy and Scratchy
Itchy and Scratchy's picture

Where's the lovely U.S. Sec of State Victoria (FU-EU) Nuland (nee Nudleman) Kagan when ya' need her?

Thu, 07/24/2014 - 11:14 | 4998303 adonisdemilo
adonisdemilo's picture

@ Itchy and Scratchy,

Shopping for a nail gun -----hopefully.

Thu, 07/24/2014 - 11:01 | 4998201 writingsonthewall
writingsonthewall's picture

In the 1930's - following the great depression - the spread of protectionism ensured that the depression was lenghtened. In addition the protectionism employed by the west, in an attempt to revive their failed economies - led to the financial problems in Europe - which in turn allowed the rise of political nationalism (fascism).

Since then nations have 'learnt their lesson' - and yet the imposing of sanctions on Russia is rpeating exactly the same mistake - but this time using morality as some sort of reasoned explanation.

Don't be surprised if, in less than 2 years, we're at war with a Russian / Chinese / Iranian / Syrian alliance, as sanctions tend to have a galvanising efffect - rather than a undermining effect.

If you look at the countries currently under sanctions - only North Korea has shown any signs of nerves - and in that case the state has been galvanised by sanctions - which led to the oppression we see today.

So someone needs to explain why we're repeating the same mistakes of the past - but with a diffrent label being applied to fool the stupid.

Thu, 07/24/2014 - 11:58 | 4998642 pocomotion
pocomotion's picture

10 minutes will explain EVERYTHING...  In the name of Jesus, Be At Peace...

Thu, 07/24/2014 - 16:30 | 5000281 Raymond K Hessel
Raymond K Hessel's picture


Just plain dumb.

Thu, 07/24/2014 - 11:09 | 4998210 Kina
Kina's picture

Wonder if the main European countries are thinking...shit the US IS trying to provoke a war, and it will be a war that will devestate them.

Cameron in the UK is too fucking stupid see past Obama's dick in his mouth though, and he will do as he is told.


But a hot war leaves nobody free now.....all those nuclear subs with enough power to obliterate the planet...and that is just Russian subs.

The US mainland will not escape the next war.



Also with these effort by the US via the Urkaine coup and war, and sanctions and more sanctions.....There is No action that Russia can take that will satisfy the USA. The US has an agenda it is determined to prosecute and will not cease, even if Russia gave in on a whole bunch of issues.

The US of course wants economically and militarily weaken Russia. Ruin its economy and put military and missile bases along its border.  HOWEVER I think we all know that Russia will go to war with the US before it will allow missile bases there...aka Cuban crisis...and so on...


Thu, 07/24/2014 - 14:46 | 4999644 Freddie
Freddie's picture

Cameron's paternal forebears also have a long history in finance. His father Ian was senior partner of the stockbrokers Panmure Gordon, in which firm partnerships had long been held by Cameron's ancestors, including David's grandfather and great-grandfather,[3] and was a Director of estate agent John D. Wood. David Cameron's great-great-grandfather Emile Levita, a German Jewish financier (and descendant of Renaissance scholar Elia Levita), who obtained British citizenship in 1871, was the director of the Chartered Bank of India, Australia and China which became Standard Chartered Bank in 1969.[15] His wife, Cameron's great-great-grandmother, was a descendant of the wealthy Danish Jewish Rée family on her father's side.[16][17]

One of Emile's sons, Arthur Francis Levita (died 1910, brother of Sir Cecil Levita),[18] of Panmure Gordon stockbrokers, together with great-great-grandfather Sir Ewen Cameron,[19] London head of the Hongkong and Shanghai Bank, played key roles in arranging loans supplied by the Rothschilds to the Japanese Central Banker (later Prime Minister) Takahashi Korekiyo for the financing of the Japanese Government in the Russo-Japanese war.[2

Thu, 07/24/2014 - 11:06 | 4998241 adonisdemilo
adonisdemilo's picture

It will all change when France surrenders ------- again.

Thu, 07/24/2014 - 11:16 | 4998299 barre-de-rire
barre-de-rire's picture

dont be a douche, as if ukraine was our fault... boats have been ordered a way before ukraine stuff began...

it is UK  & germany who got our throat under their teeths...

you have to understand history.

that's not a poker hand, you cannot accept to take risk to loose then restart, if you loose hand here you not loosing face of money, you loosing control of a 500 million humans & potentially bring civil unrest & chaos spreading all over the world.

usa orchestrated. you cannot accept to loose your 1ST rank, it is usa's gov fault man. pls dont be a douche.

Thu, 07/24/2014 - 11:23 | 4998370 22winmag
22winmag's picture

Surrender is not a strategy.

Thu, 07/24/2014 - 14:49 | 4999666 Freddie
Freddie's picture

The French people took to the streets against gay marriage.  Americans just do whatever Obama wants.  Keep watching TV and Hollywood - sheep.

Thu, 07/24/2014 - 11:12 | 4998289 nosoeawe
nosoeawe's picture

every single politician is a crooked, slimy, lying pile of satans shit. it will be a good day when all these ill-bred mother fuckers are thrown in the lake of burning usd's.



Yellen is still a dirty geriatric fucking cunt

Thu, 07/24/2014 - 11:30 | 4998422 Bagbalm
Bagbalm's picture

Damn right. Let them buy Spanish debt. That will teach those Russians.


Thu, 07/24/2014 - 11:36 | 4998469 DeliciousSteak
DeliciousSteak's picture

Seems like there is still too much freedom in Europe. More power needs to be concentrated to Brussels and it needs to be done fast. Individual provinces of the empire should not be allowed to make decisions on important foreign policy matters. Just terrible, SO terrible that large portions of the EU are "keen" on enacting "crippling sanctions" to please their friend USA, yet others would deny them this pleasure. Lmao.

Thu, 07/24/2014 - 11:41 | 4998515 1stepcloser
1stepcloser's picture

the EU's double secret masterbation .... 

Thu, 07/24/2014 - 11:43 | 4998529 Itchy and Scratchy
Itchy and Scratchy's picture

Helps to step up the launch of the new BRIC currency for sure!

Thu, 07/24/2014 - 11:43 | 4998548 gcjohns1971
gcjohns1971's picture

If they can't enforce any limitations on Russia's behavior now, how will they be anything but puppets if they turn to Russia?

Why is it that the countries who most recently under Russian control are amongst those most enthusiastic about sanctions?

These are not rhetorical questions, but sober things to think about given the current high tensions on every side.

If sheltering under a 'big brother' - the United States - hasn't worked for Europe, might the problem be the effects of the sovereignty surrendered rather than the identity of the 'big brother'? Might the problem be the tendency to seek 'big brother' itself?

We've all managed to stay out of a major European war for nearly 75 years. That is unprecedented.

Sanctions are an act of War. The US ought not be throwing its weight around, when engagement is likely to be more profitable over the long term.

Hopefully, calm and cautious heads will prevail.

Thu, 07/24/2014 - 14:34 | 4999550 gcjohns1971
gcjohns1971's picture

Apparently everyone wants 'Big Brother'.

Okay... just remember as you belatedly realize that the new 'Big Brother' is just as abusive as the last, and that the world is crumbling around you...

You asked for it.

Thu, 07/24/2014 - 11:46 | 4998570 windcatcher
windcatcher's picture


Show me a fascist regime (merger of government with corporations) in history that wasn't an arrogant and belligerent bully that claim that they are the “indispensable and exceptional” rulers.


Russia and China's business is, taking care of business, while Washington is insanely obsessed with “their” world government and “their” world banking ponzi scheme while bankrupting America into complete world central bankster police state control.


The treasonous globalist in Washington think they are in world control, they are not. Russia, China, Brazil, India and South Africa BRICS nations will soon be joined by a landslide of other countries that want Freedom and Independence from criminal Washington central bankster domination.


The absurdity of Washington's sanctions against Russia is hilarious,


Exxon Mobile is operating in the Russia Arctic and in the Crimea Black Sea with Russia and their energy companies.


American energy companies are defying our own government sanctions against Russia, yet we are prosecuting French banks for doing the same thing. Ha. Ha.


Thu, 07/24/2014 - 11:53 | 4998593 ekm1
ekm1's picture

Moronity continues unabated.


Russia has the collateral.

Financials markets depend on the collateral.

Collateral does not depend on financial markets.


Collateral creates financial markets.

Europe is simply disconnecting itself from russian collateral, energy in this case.


"Raising funds" is an idiotic expression, it means absolutely nothing and it is pure propaganda.


"Funds" nowadays are just digits on computers that those will access to those computers can change up or down

Thu, 07/24/2014 - 14:42 | 4999619 windcatcher
windcatcher's picture



USA Gross Domestic Product is a bankster FRAUD (are you surprised). We are not a wealthy nation with industry, we have been de-industrialized remember? How can we have a GNP of an industrialized country? 50% of our claimed GDP is not in production but in fraudulent debt posing as a product.


Thu, 07/24/2014 - 11:55 | 4998621 Canucklehead
Canucklehead's picture

The EU is shooting across Russia's bow and initiating a Russian Bank Walk.  This can always be escalated into a Russian Bank Run when the situation warrants such a move.

Thu, 07/24/2014 - 12:00 | 4998635 Kina
Kina's picture

The problem the US has is that it fell in love with its own power.


So whenever there are two ways to deal with an issue, one violent and expensive, the other peaceful - they instinctively choose the violence and expensive. They think, lets assert our power and make people fear us and lets make some money for our bosses out of this too.


All Russian money will be coming home in fear of it being stolen by US puppets. No bank runs, but maybe a buy of bullion.

Thu, 07/24/2014 - 13:07 | 4998998 Jorgen
Jorgen's picture

but maybe a buy of bullion

... and a buy of bullion cheap (see the PM smackdown today) at that.

Thu, 07/24/2014 - 14:50 | 4999673 holdbuysell
holdbuysell's picture

LOL. Europe has taken a play from Draghi's play book and is providing forward guidance on sanctions.

You just can't make this stuff up.

Fri, 07/25/2014 - 05:56 | 5002631 onmail
onmail's picture

Plan (of USA) is to weaken both -
Europe & Russia
by cutting off gas supplies.
Lets see who is smarter .

But Europeans, what a shame ,
have to act when strings are pulled by their master,

Do NOT follow this link or you will be banned from the site!