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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Kirk2NCC1701's picture

Not the subtle one, are you?

That's right, attract shills to the site and have us smeared with labels, and the site marginalized.

Bindar Dundat's picture

NY --  last weekend: I saw a billboard saying "Our Vodka is so pure we even took  Russia out of it"

This shit is getting serious and has been planned for awhile.  

I am actually starting to like Putin..... does that sound like a backfire?

Snoopy the Economist's picture

You are one of the few who get the real news. There are many more mindless sheep that believe MSM.

WillyGroper's picture

Glad to do my part to help.

Bought a bottle of Stoly the other day to make cherry liqour & vanilla.

hahahahah

LawsofPhysics's picture

Indeed. The world finds itself once again in a state where the political puppets must find a way to hide the fraud committed by their masters. As usual, war is the prefered method.

 

Same as it ever was...

Winston Churchill's picture

Looks like its all building up to a September kick off judging by the

tempo of the propaganda.

How convenient that NATO is holding those joint excercises in Ukraine then.

The mother of all false flags is fast approaching.

LawsofPhysics's picture

Meh,  I have left Texas to meet with my trade partners in Saint Petersburg (Leningrad to the old folks) many times.  Good people.  I don't think anyone, on either side, believes any of this shit, or is willing to die, or send their children to die, for the oligarchs anymore.  Like all the other "solutions" in the west, and the E.Z. in particular, I think there will be lots of jawboning and an "official" story about everything, all the while the situation on the ground will be very different.  The Russians have lived like this for many years already.

Like I have been saying, get long black markets and sharecropping.

Winston Churchill's picture

From my own informal poll in europe I totally agree LoP.

I'm just stating what I believe is the US's PTB plan.

MH17 is starting to backfire on them, so I wonder what else they have up their sleeve.

It will have to be a humdinger whatever it is , and very soon.

Enjoy St.Petersburg, I always did.

Sandmann's picture

MH-17 will be mysteronised and flown by Captain Black

BlindMonkey's picture

I speak to Russians nearly daily on Skype conferences. I am convinced they don't see a need or want war with anybody. They are in a happy groove with their economy and building lives and livelihoods.

Too bad the Russians don't have a say in this. If the US wants a war bad enough they will just start bombing shit somewhere and get the ball rolling that way.

Sandmann's picture

You will be Marked by Microsoft and Nailed by the NSA.....watch out for Boston Brakes

HardAssets's picture

Former Asst Sec of the Treasury under Ronald Reagan, - Paul Craig Roberts on this subject (notable article - first time I've ever seen him actually write the term 'dumbshit' - it's in reference to western European 'leadership'):

http://www.paulcraigroberts.org/2014/08/06/will-putin-realize-russia-hol...

 

 

Freddie's picture

I doubt any Germans will fight.  Their kids have died for centuries fighting for the elites and noble familes/banksters.  American kids have been slaughtered for nothing since The Civil War.

CheapBastard's picture

I'm not sure any of the EU countries can afford to send troops anywhere too far. Their own streets are a war zone at night due to the massive influx of war-torn MENA people who riot just abut every third night in cities like Paris. Most of Paris is now untouchable...very damgerous as is Geneva at night.

KnuckleDragger-X's picture

"Like I have been saying, get long black markets and sharecropping."

 

This is what I've been planning for awhile now, I can get you a nice price on beans and cornbread...

August's picture

>>>I don't think anyone, on either side, believes any of this shit, or is willing to die, or send their children to die, for the oligarchs anymore.

I hope, and think, that you're right.  Paul Craig Roberts expects WW3 it seems, but I suspect that a good, old-fashioned cold war of a few decades duration may be just what the Amurican MIC ordered.  Any actual combat will be reserved for Ukrainians... unless a player gets out of control.

Headbanger's picture

Shouldn't the face on Newsweak be a lot darker and have really big ears?

And with a golf green reflecting in the glasses?

GetZeeGold's picture

 

 

With long robes and the sunlight shining down, surrounded by adoring Guatemalan and Nicaraguan children all bowing down and worshiping him?

tbone654's picture

So few realize that Putin is really the one who acts like the "grown-up" in all of this...  Serious question...  What is the true land of religeous freedom?  Clue: it's not the U.S.  Next Question... Who's more communist, U.S. or Russia ?  Clue:  In Russia, Communist candidates received 17% of vote... In U.S. Communist President received 50% of of the vote...

Putin is doing the heavy lifting...  Keep these rules in mind... Nothing is perfect, and the concensus is never right...

KnuckleDragger-X's picture

Putin is putting his country first instead of bowing before the internationalists. This regressive behaviour will not be tolerated.

whirling tword freedom's picture

Nah, the reflection in the glasses should have a shirtless putin sweaty and making grunting noises.

herbivore's picture

Sounds like a job for Banzai

holgerdanske's picture

and I agree, idiots the whole bunch. Chief amongst them Obama. That Europe didn't tell the American government to go take a hike, can only be atributed to what the NSA must have on the individual politicians.

One way to fighting. Except Putin is too clever for the heavy handed American behaviour.

HardAssets's picture

I vote . . . 'blackmailed by various intel agencies'

 

kchrisc's picture

With respect, but pols and crats are never idiots no matter their IQ. They take and execute their orders and then collect their lucre. Pretty smart if you ask me.

 

"It all pomp and luxury until someone gets guillotined."

stant's picture

The money bunny on cnbc just said bacon prices are going down because of more production lol. Not because Putin banned Canadian exports.

Bindar Dundat's picture

AT LAST!!!  I would make a little bacon with that tight ass too!

stant's picture

16 boeings are also on discount now that Putin canceled the order, now that's some cooked smoke bacon Mack daddy

Anarchy 99's picture

nice link

Designed to compete internationally with its An-158Embraer and Bombardier counterparts, the Superjet 100 claims substantially lower operating costs, at a lower purchase price of $35 million.

The final assembly of the Superjet 100 is done by Komsomolsk-on-Amur Aircraft Production Association. Its SaM-146 engines are designed and produced by the French-Russian PowerJet joint venture and the aircraft is marketed internationally by the Italian-Russian SuperJet International joint venture

russian, italian, french all working together, who is the US fooling?

kchrisc's picture

Who needs the Israeli and Rothschild controlled West for that matter?!

my_nym's picture

Lol.  Who is going to make them answer?  People aware of long term cycles could lay the foundation of a Pentagon sixty years to the day before another fabrication of a prelude to a pretext to one of their wars was needed and no one would notice, at this point.  Or at that point, in the past.  Moses Hess already predicted the alchemical transformation of Communism into Zionism.... and here we are.  How did he do that?  

Victoria Nuland has been incorporated in the usual networks of Zion* within the Empire, so how or who do you think is going to make them answer?  Have the dumb goyim made them answer for anything that they've done in the past?  For the goyim it's all reparations and affirmative action need to be taken.  For the monetizers of the slaves and the empire builders within the various empires, there is no call for any affirmative action to be taken. Who is going to make them answer?  A military man like another Hitler?  A loser.  Anti-semitic fascist street thugs?  More losers.  That went well.    

 

*In its September 2000 report entitled Rebuilding America’s Defenses, PNAC anticipates that U.S. forces must become “able to rapidly deploy and win multiple simultaneous large-scale wars.” This requires a profound transformation, including a new military corps, the “U.S. Space Forces”, to control both space and cyberspace, and the development of “a new family of nuclear weapons designed to address new sets of military requirements.” Unfortunately, according to the authors of the report, “the process of transformation […] is likely to be a long one, absent of some catastrophic and catalyzing event— like a new Pearl Harbor.” [202] There is, again, the reference to Pearl Harbor as a politically strategic event. Neither the members of PNAC nor Brzezinski can ignore that the Japanese attack on December 7, 1941, which generated public support in favor of the war and led the Congress to grant President Roosevelt full military power, had been not only foreseen with precision, but deliberately provoked by Washington, while the command of the Hawaii military base had been kept in the dark. Twelve days before Pearl Harbor, the Defense Secretary Henry Stimson summarized a conversation with Roosevelt in his diary: “ The question was ‘how should we maneuver [the Japanese] into firing the first shot” (Robert Stinnett, Day of Deceit , 2000). [203] For all intended readers of PNAC’s literature, “Pearl Harbor” is a codeword for “fabricated pretext.”

Guyénot, Laurent (2013-12-22). JFK-9/11: 50 Years of Deep State  

Meet Neocon “Doughnut Dolly” Victoria Nuland

FUCK YOU VICTORIA NULAND AND FUCK YOUR WHOLE MISERABLE NEOCON ZIONIST FAMILY

Victoria Nuland’s family ties: The Permanent Government in action

 

That's the thing with the goyim. They tend to be in and out of power.  Or destabilized through immigration and new voting blocs forming, whereas the Tribe Inc. that recommends open borders and disarming them ("Mr. and Mrs. America, turn in your guns."  Feistein) tends to maintain power in the Empire permanently.  At least, until those rather "apocalyptic"/revelatory days when they cannot.  Then they tend to move to another Empire to try again.  Not that most of them even know what they're doing or how they're incorporated in an occulted egregore. 

gallistic's picture

I wonder how many people noticed that Kimberly Kagan (yeah, those Kagans) is head cheese at the "Institute for the Study of War"?

They are funded by Raytheon, General Dynamics, L3, DynCorp, and other MIC types.

The Tylers put a lot of faith in their "analysis" and frequently post articles using their graphics.

Know your sources.

 

 

tempo's picture

O says American people want him to act. That's allows O to define who are the "American People" and what "acts" they want. This will lead to a dictatorship w/o constitutional protection and attorneys judges and jails used to eliminate any and all protests. Its very dangerous and the democrats seem to like it as long as it benefits their interests.

doctor10's picture

typical pack of liberal idiots-unable or unwilling to acknowledge their own repsonsibility for their own mess.

 

Even my hounds know better-

JPMorgan's picture

HA! you reap what you sow.

Poke the bear and you just might get bitch slapped back.

Latina Lover's picture

I didn't know that Reggie Love is visiting Obama....

Victor999's picture

It smells like Nazi officials.

yogibear's picture

Exactly! Their about to get clawed.

ebworthen's picture

"They're", as in "they are"- but you are otherwise absolutely correct.

"Cut off your nose to spite your face" comes to mind with Europe.

They're living high in the clouds (Aristophanes's).

SofaPapa's picture

This is a question of propaganda.  Over the coming weeks, we will find out how many believe that Ukraine's problems were initiated by the Russians versus how many believe that Russia has acted only in response to a hostile takeover of a neighboring government by western backed forces, and is now again only responding to offensive sanctions by the US/EU.

Two key items are:

1) When the separatists took control of Crimea and of Donetsk and other eastern power centers, basically no blood was spilled.  The population of the areas didn't exactly jump out into the streets to eject them. There were articles at the time, actually, pointing out that life went on pretty much as normal outside of the actual government buildings.  The blood started flowing when Kiev started lobbing shells into population centers.  That is hardly the story the west wants to tell, though, so it's ignored.

2) Why did Kiev block the ATC tapes for MH17?  They clearly don't want what actually happened on that plane to get out.  Not an innocent gesture.

Overall, what is the US interest?  Joe Biden's interest I can see loud and clear.  Our national interest, not at all.

The arrogance and hubris of western leadership at this point is off the charts.

HardAssets's picture

Arrogance and hubris . . . . . but also just plain ole' criminality. That's 'our government' today.

The term 'RICO' definitely applies - Racketeer Influenced and Corrupt Organizations.

Catullus's picture

OH NO! Food prices in europe may drop now! What will europeans do not paying out the ass for food?

Azannoth's picture

Doubt that, very much. Eurpe has been an expert at keeping prices high (in all areas) they will burn the food if need be before they let the prices adjust.