Europe Furious That Putin Dares To Retaliate To Sanctions, Blames Economic Slide On Kremlin

Tyler Durden's picture

Either Europe is run by a bunch of unelected idiots, or... well, that's about it.

After blindly doing the US' bidding over all propaganda matters Ukraine-related, and following just as blindly into round after round of US-inspired sanctions, sanctions to whose retaliation Europe would be on the frontline unlike the largely insulated US, Europe appears to be absolutely shocked and is apoplectic that after several rounds of sanction escalations, Russia finally unleashed its own round of sanctions and yesterday announced a 1 year ban on all European food imports, something which will further push Europe into a triple-dip recession as already hinted by Italy yesterday.

In fact, Europe is so stunned by this unexpected "politically-motivated" retaliation by Russia, it issued a press release.

Statement by Commission spokesman on the announcement of measures by the Russian Federation


The European Union regrets the announcement by the Russian Federation of measures which will target imports of food and agricultural products. This announcement is clearly politically motivated. The Commission will assess the measures in question as soon as we have more information as to their full content and extent. We underline that the European Union's restrictive measures are directly linked with the illegal annexation of Crimea and destabilisation of Ukraine. The European Union remains committed to de-escalating the situation in Ukraine. All should join in this effort. Following full assessment by the Commission of the Russian Federation's measures, we reserve the right to take action as appropriate.

Surely, Putin is waiting for the European Commission to also issue a #hashtag before he starts shaking in his boots.

For an indication of just how clueless Europe is, we also read that it is ready to appeal to the World Trade Organization to have the Russian agriculture import bans lifted, a European diplomatic source told ITAR-TASS.

“Politically motivated large-scale trade restrictions are a direct violation of WTO rules, which Russia pledged to comply with,” the diplomat said. “These measures will be thoroughly analyzed, and then relevant claims will be submitted with the WTO.”


The source added that the European Commission would start analyzing Russia’s ban on imports from EU states as soon as the official list of banned goods would be published.


The EU Council may convene an urgent meeting in connection with Russia's response to European sanctions.


It is early to say whether the EU will take measures in response to the Russian ban on imports of food products from Europe, source told.


“First, it is necessary to see and analyze the official list of product that Moscow intends to ban. After that, decisions will be made both at the European and the national level,” the source stressed.

The punchline: "The Russian ban on agricultural imports from the European Union is an “irresponsible measure” that can lead to losses of billions of euro for European as well as Russian consumers, the source told ITAR-TASS."

In other words, Europe actually thought it would keep escalating without Russia retaliation. If confused, see the first sentence of this article again.

In the meantime, Europe counter-retaliating to Russia's retaliation to European sanction aggression is sure to make the already bad trade war, worse. A trade war so bad in fact, that what snow was to Q1, "evil Putin" will be to Q3. From Bloomberg:

The crisis in eastern Europe is showing signs of disrupting Mario Draghi’s economic outlook.


Evidence is building that the conflict in Ukraine and European Union sanctions against Vladimir Putin’s Russia are undermining a euro-area recovery that the European Central Bank president already describes as weak. With the ECB expected to keep interest rates on hold near zero today and refrain from any new policy measures, Draghi is likely to face questions on how he plans to keep the economy on track.


The ECB may have few tools left to mitigate the impact of political turmoil that European companies from Anheuser-Busch InBev NV (ABI) to Siemens AG (SIE) say is hurting their business. A volley of measures introduced in June will take time to work, and policy makers have so far shied away from wheeling out a full-scale asset-purchase program.


“The euro-zone recovery is very fragile and the macro situation fluid,” said Andrew Bosomworth, managing director at Pacific Investment Management Co. in Munich. “Expect Draghi to elaborate on spillover risks from the Russia-Ukraine crisis.”

Ironic, because this is just as we said would happen when we predicted that Putin will soon become Draghi's best friend and as a result of Putin "aggression" Draghi will have "no choice" but to boost Europe's monetary insanity, which recently crossed into the NIRP twilight zone, even beyond the rabbit hole.

Finally, Bloomberg actually did touch correctly on what the recent trade war escalation is all about in "Russia Sanctions Accelerate Risk to Dollar Dominance."

U.S. and European Union sanctions against Russia threaten to hasten a move away from the dollar that’s been stirring since the global financial crisis.


One place the shift has become evident is Hong Kong, where dollar selling has led the central bank to buy more than $9.5 billion since July 1 to prevent its currency from rallying as the sanctions stoked speculation of an influx of Russian cash. OAO MegaFon, Russia’s second-largest wireless operator, shifted some cash holdings into the city’s dollar. Trading of the Chinese yuan versus the Russian ruble rose to the highest on July 31 since the end of 2010, according to the Moscow Exchange.


While no one’s suggesting the dollar will lose its status as the main currency of business any time soon, its dominance is ebbing. The greenback’s share of global reserves has already shrunk to under 61 percent from more than 72 percent in 2001. The drumbeat has only gotten louder since the financial crisis in 2008, an event that began in the U.S. when subprime-mortgage loans soured, and the largest emerging-market nations including Russia have vowed to conduct more business in their currencies.

"No one is suggesting"? We are!

As for the propaganda landscape, the scene is already set:

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DavidC's picture

Victoria Nuland has a lot to answer for.


Save_America1st's picture

notice you don't see Germany or Merkel mentioned at all in this...

The NWO globalist puppets of the EU are just doing what they're told just like obama is and ganging up on Russia. 

I'd be willing to bet that Nigel Farage is on Russia's side in all of this.  He kicks ass. 

Haus-Targaryen's picture

How *SHOCKED* will the US and UK be when bullets start flying, and suddenly Germany is not so keen to fight the Russians again. 

MonsterBox's picture

If they still got gas, what are they bitch'n about? Vlad has them by the balls come winter.

Clint Liquor's picture

My guess is; Come winter, Putin will decide Russia will only accept Rubles or Gold for Nat. Gas.

Keyser's picture

And doubles the price of gas overnight, due to unforeseen cost increases related to foreign sanctions... 

Latina Lover's picture

Blowbacks a bitch, Eurodopes.

Mister Ponzi's picture

If Europe likes its dairy products, it can keep its dairy products.

lordylord's picture

How to run a State and enforce control over a population 101:  Blame all your problems on a distant enemy

Occident Mortal's picture

Putin is going to keep this crisis bubbling along until November and then he's going to unveil a gigantic "routine pipeline maintenance program" which plunges Europe into the dark ages.

TahoeBilly2012's picture

Love the ROTCHILD headline "Inside the bulletproof bubble..." wishing just wishing for a chance to assisinate like Gaddafi and Hussein. 

MarsInScorpio's picture

Putin sees Ukraine slowly crumbling. He doesn't need to do anything but wait for its collapse - that's why no invasion.


The MH-17 murders by the Ukrainian AF was the last despaerate attempt to turn the world against Russia. It failed because the Internet won't allow the old media powers to control information as they used to do. We now know the airliner was shot down because the world can see for itself, and analyze, the .30mm holes that are the Death Hand on the western lies.


I look forward to the international blowback that occurs when this evidence is beyond denial. The only issue is will the other-than-US political establishments in the West have the courage to arrest, try, convict, and execute the murderers, and those in power who ordered the murders.


Prediction: There will come a day not too long after Obama leaves office that he will not be able to travel freely outside the US for fear of arrest - for this, and for the war crimes of his drone attacks. I look forward to the smuggled video of his hanging, and the body swinging beneath the scaffold.


Freddie's picture

The old media is not giving up with the lies.   I don't watch shit TV or Hollywood which is all full on propaganda by people like Nudelman.   Even Bloomberg's web site, which I rarely go to to, has evil Putin stories.   These people are evil dual citizen scum.

Putin can just watch the calendar.   As the end of August arrives we get closer to the fall and winter.

TahoeBilly2012's picture

"by people like Nudelman..." go ahead and speak your mind brother, have no fear.

bh2's picture

More likely the crazy Swedes will award him a second Nobel Prize for "Peace" and "progressives" will laud his enlightened political "accomplishments", lawless or not.

Like Blair and Clinton, he'll be perpetually enriched by frequent quarter-million-dollar fees for speaking a few minutes to private gatherings of the 1% rich and powerful oligarchs of the West.

In other words, life in this corrupt republic will go on even as it steadily declines into eventual chaos and dispair. After all, control fraud isn't a crime when conducted by (and to the benefit if) officials of the state and their cronies. Just business as usual.

CheapBastard's picture

Bullies hate when their victims fight back. My guess is any well-read, educated EU citizen sees thru this and is weary of their brand of 'de-escalating' this conflict. After all, the Europeans would get the punch in the face being right next to their Russian neighbors.

Omen IV's picture

"checkmate" is breaking the back of POLAND

with the thousands of Polish farmers realing from Meat, Vegitables and Fruit completely cut off -  worth over a Billion Euros  and moving permanently to Turkey - and Russia trade industry to follow into the abyss - the epicenter for launching into Ukraine with men and materials and as a training center as moves on the 80% dependence on Russian NG  - is also exploited

Polish military already in East Ukraine as the point of the NATO spear for US with potential  targeted heavy casualties could crater domestic Polish support for US strategy when it comes to Polish participation 

absolutely key!

Sandmann's picture

Polish military must be an asset on someone's balance sheet.

Freddie's picture

The poor Poles.  Played again by the dual citizens types like Soros.

Kirk2NCC1701's picture

Acting like serfs is a tradition in Poland.  Many centuries of Church rule and Feudalism has bred them into hierarchical obedience.  They love to defend Oli's.

Againstthelie's picture

Not at all!

What is the intention behind this all?

Keep the Russians out, the Germans down and USrael in!

The Euro was a problem and the axis of cooperation Paris-Berlin-Moscow was against the 200 year old doctrine to never allow continental Europe unite and always stir up problems.

Merkel is wearing the highest civilian medal of the Jewish state and she admitted even publicly the reason of the German state was to serve Israel.

Btw: rumors are that a big Jewish immigration of 200k-400k from Ukraine to Israel is planned - one Ukrainian crisis and so many advantages!

philipat's picture

And Putin hasn't even really started yet. Apart from Energy initiatives, Russia has not yet stopped EU airlines from flying over Russsian airspace. To do so would force flights to North and East Asia to "Go the long way round", adding several hours to these flights and providing a very substantial cost advantage to Asian carriers.

Incidentally, whilst (Of course!!) there is nothing in the MSM, there are more and more anlyses coming out over how MH17 was shot down:

We are also getting no information about WHY the flight was diverted several hundred miles North of its regular flight path to take it directly over the combat zone. Or WHY Ukrainian Security saw it necessary to confiscate all the converations between MH17 and Kiev ATC?

But, hey, fortunately we have the UK doing the decoding of the Black Boxes so I'm sure we can trust the analysis.......;-)

HenryHall's picture

In the light of recent events I think it is more likely that, rather than ban foreign airlines over Russian airspace, RF will instead that all such airliners be GLONASS equipped.

Keyser's picture

The western MSM are all complicit in the globalist's plan... I wouldn't hold my breath waiting for them to shine the light of truth on anything other than the agenda they have been told to adhere to... 


barre-de-rire's picture

be sure of it.

actually i love the apples retaliation & food stuff pologne france, as french i love what happen. this leeds to the final crush so long awaited.

and to finish, in later, falls, gaz business  in rubles only with definitivly crack the dollar & usa.

be sure of one thing, WW3 is in les than 1 year now. we have dates now.



barre-de-rire's picture

no, you know why ?  russian winters my friends... too cold, napoelon lost war because of that.


nobody will fight russia in russian land in winter.  falls : gaz price & payable in rubles only. serious issue in europ, then, europ may refuse to pay, crash in money system & economics, war preparation,

then after january- february when sun comes back with heat, shit start.


 i would like to add that, in france, for the 5 billion issue on S.G, kerviel was the scapegoat.  the russian boycot  just killed any chance of europ to get out of crisis ( even if they never been & cannot ) but medias are now in phase making a humanification of the responsible for the crushin economy = VLAD.


reality is 35 years of total economy carnage. when you are at the exploding point, if you can tell masses " hey , poutin's fault, not mine "

2 points : politics do not have to run like headless chiken while masses got spikes & forks chasing 'em, and they can take advanges of situation by piloting what is going on.


at this point we , the peole, of the world, whole world, usa, europ, everywhere, have 2 solutions.

1) close eyes, tighten jawbone, wait for silence to keep going.

2) get guns, kick .govs in the ass to remove 'em the fuck out of their seat.


tic...tac... bomb timer is triggered, we got 6 months.

Winston Churchill's picture

They won't.

But their proxy junta in Kiev is failing fast.

War , albeit a phony war may come sooner than you think, with real hostilities

delayed to late spring next year.

barre-de-rire's picture

coz of kiev failing, they must get another way to go... ( mh17 = fail, partially ).

i read couple of days ago EU removed under-the-table embargo to weapony for ukrain, kiev requested nuke status back, & usa said they would send some suppositories to kiev...

so, i expect kiev to mess even worst than a commercial flight.

as they already  launched 4 short ranged balistic missiles but the heads was empty or something not that serious & russia intercepted em, no media in the whole world but cnn  reported this.

i seriously think that usa/eu will push kiev to do more dirty jobs, in case of problem US/EU can delete evidences by shooting kiev themselves to make em mute.


imho, no more sanction for august, this month is now enough & time to digest. september will be definitivly crutial for the futur.

any movement before september will be clearly a war-willing** ( sry dunno how translate ) from  EU/US and that's not what they want to look like. they want to be punisher, & hate boomerang punished  feeling, ->lead to system crash,

this is the reel danger, to me.


i can be wrong but they know, i think, they cannot move over certain number of moves per turn until thruth comes to disturb plans.


Overfed's picture

I suspect that those missiles were launched just to see if the Russian anti-missile systems are any good. Evidently, they are.

Freddie's picture

Rocking Around The Christmas Tree.

I guess not so much when the gas pressure starts dropping.  The Europeans can wear more sweaters like Jimmy Carter did.

These evil stupid fux get angry when Putin acts like an adult to their acting like murdering and psychopathic children.   Putin makes them look like the evil fools that they are.


DeadFred's picture

Germany has storage capacity for ten weeks of natural gas. Most of the rest have less capacity. If you were an evil pariah with nuclear fire in your eyes when would you cut off the gas supplies? Plan accordingly.

knukles's picture

Now that is alcoholic thinking.  Fuck it up and blame somebody else.
Somebody need their heads examined.

Renewable Life's picture

What's absolutely unreal is, Putin warned these arrogant cocksuckers, every step of the way!!! He said from day 1, don't do it, it will come back to bight you!

He told them, the US was leading Europe down a path to despair, but the dumb POS just don't listen, AND what's even sweeter is, this doesn't hurt the Russian people an ioda!! Over the last 6 months, while dipshit in the WH was talking and golfing, Putin has been making billions of dollars of trade pacts and creating new economic infrastructure around the world, for this very moment!!

There are plenty of NEW agricultural markets and trade pacts he has opened up that will replace those overpriced, entitled EU and US producers!! From Iran to China, to India and Brazil, from South Africa to Southeast Asia, Russia has replaced whatever they needed and more, before they ever made this move yesterday!

Do you think the over leveraged US and EU producers have found new buyers to replace Russian demand??

August's picture

>>>(Putin) told them, the US was leading Europe down a path to despair, but the dumb POS just don't listen...

69 years of conditioning, based on real experience, is hard to escape.  The Europeans will ultimately cease being the house niggers on Uncle Sugar's plantation, but it will take a painful shock to make them see things as they now are, rather than as they once were.

Keyser's picture

What you talking about? That's been the SOP of the US gubbamint for decades... 

KnuckleDragger-X's picture

Politics and dogma have replaced reality but reality, like entropy always wins in the end.

Dutti's picture

Next: A disgruntled Euro citizen shoots a high ranking Euro bureaucrat. Now the US can start WW3.

SoilMyselfRotten's picture

The US is tyrying to play chess without a king.