EU Announces New Washington-Pleasing, Russia-Wristslap Sanctions

Tyler Durden's picture

After unleashing a 10-page report of the death and destructive economic impact they could have on Russia via sanctions, the European leaders have agreed to issue travel bans, some asset-freezes, and trade curbs on various new individuals and business entities. The Goldilocks sanctions... just enough to please Washington, not enough to infuriate Putin into 'boomerangs'.

  • *EU AMBASSADORS’ MEETING ON RUSSIA SANCTIONS REACHES DEAL: FT

Via DPA,

EU ambassadors have reached agreement on a new round of travel bans and asset freezes in response to the crisis in Ukraine, diplomats say.

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The sanctions...

  • *EU AGREES CURBS ON RUSSIAN BANKS, EXPORT OF SOME TECHNOLOGY
  • *EU TO RESTRICT EXPORT OF EQUIPMENT FOR RUSSIAN OIL PRODUCTION
  • *EU TO CURB STATE-OWNED RUSSIAN BANKS' ACCESS TO CAPITAL MARKETS
  • *EU TO IMPOSE EMBARGO ON FUTURE ARMS SALES TO RUSSIA
  • *EU TO CURB SALE OF 'DUAL-USE' MACHINERY, ELECTRONICS TO RUSSIA
  • *SANCTIONS WILL BE REVIEWED AFTER 3 MONTHS: EU DIPLOMAT

But...

  • *AIDE SAYS U.S. HAS APPROVED EXPORTS OF DUAL-USE GOODS TO RUSSIA
  • *COMMERCE AIDE SAYS U.S. HASN'T REVOKED RUSSIA EXPORT LICENSES
  • *U.S. GOODS APPROVED FOR EXPORT HAVE MILITARY APPLICATIONS

I.e. the rockets for US military satellites

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Just as we predicted.

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

 

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Meanwhile, Russia is 'trying'

  • *LAVROV URGED KERRY TO PUSH UKRAINE GOVT FOR CEASE-FIRE
  • *LAVROV, KERRY DISCUSSED ARMS CONTROL, UKRAINE, MIDDLE EAST
  • *LAVROV, KERRY AGREE ON NEED FOR CEASE-FIRE NEAR MH17 CRASH SITE

And Kerry's response:

  • *KERRY: RUSSIA SHOWS `NO SHRED OF EVIDENCE' OF BACKING CEASEFIRE
  • *KERRY: U.S. WILL IMPOSE WIDER SANCTIONS ON RUSSIA IF NO CHANGE