Ukraine Passes Russian Sanctions Law: Gas Transit Halt Seems Imminent

Tyler Durden's picture




 

The Ukrainian parliament approved a law on Thursday to impose sanctions on Russian companies and individuals "for financing terrorism." As Reuters reports, Prime Minister Arseny Yatseniuk told parliament that "by approving the law on sanctions, we showed that the country is able to protect itself." The first 'threat' though - that European energy companies would have to agree major contract revisions when purchasing Russian natural gas, potentially disrupting supplies in the coming winter months - seems suicidal... and EU leaders are not happy. Slovak Premier Robert Fico asked rhetorically, "Isn't it strange that a country, which has signed an association agreement, a country, which we are all trying to help, is taking steps that jeopardize the interests of individual EU members?"

 

As Reuters reports, the Ukrainian parliament approved a law on Thursday to impose sanctions on Russian companies and individuals supporting and financing separatist rebels in eastern Ukraine.

The government has already prepared a list of 172 citizens of Russia and other countries, and of 65 Russian companies, including gas export giant Gazprom, on whom they could impose sanctions "for financing terrorism".

 

After Thursday's vote, Prime Minister Arseny Yatseniuk told parliament that Ukraine had taken a historic step. "By approving the law on sanctions, we showed that the country is able to protect itself," he said.

 

"The law should give a clear answer to any aggressor or terrorist who threatens our national security, our government and our citizens."

 

Ukraine said on Monday that European energy companies would have to agree major contract revisions when purchasing Russian natural gas if parliament approved sanctions on Gazprom.

 

Russia is Europe's biggest gas supplier, meeting almost a third of the region's demand, around half of which flows to European clients via Ukraine. European utility companies are worried that Ukrainian sanctions could disrupt supplies during the coming winter.

But, as Bloomberg reports, European leaders are not happy at Ukraine...

Sanctions imposed by European Union and Russia against one another “senseless on both sides,” “will lead to a weaker EU,” Slovak Premier Robert Fico tells reporters in Bratislava.

 

“I understand this is about principles, but I am far from believing in justice in international politics”

 

"Isn't it strange that a country, which has signed an association agreement, a country, which we are all trying to help, is taking steps that jeopardize the interests of individual EU members?" Fico says, referring to proposed Ukrainian sanctions against Russia which may include suspension of gas transit to Europe

 

“We don’t want be held hostage by the Russian-Ukrainian conflict, we can’t sacrifice our interests in the name of some duel”

*  *  *

What is worse... as we noted previously, Europe will not be able to produce any of its own shale gas for at least 2 years. 

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Thu, 08/14/2014 - 13:03 | 5092930 IridiumRebel
IridiumRebel's picture

Brilliant! Doctor? Pass me the scalpel to slice my nose off!

Thu, 08/14/2014 - 13:08 | 5092953 Latina Lover
Latina Lover's picture

This is too funny!  Are the Ukies secretly on Putin's payroll, trying to promote Southstream?  The stupidity of the Kiev Idiots, controlled by the USSA is beyond cosmic!

Thu, 08/14/2014 - 13:08 | 5092965 IridiumRebel
IridiumRebel's picture

"Oh yeah, baby, well, because you cheated on me, I am going to cut my dick off so you can NEVER have sex with me again!"

Thu, 08/14/2014 - 13:14 | 5092984 Latina Lover
Latina Lover's picture

The Ukie leadership remind me of the 3 stooges launching into space.  Only instead of the button reading launch instead of lunch, it reads self destruct .

https://www.youtube.com/watch?v=iq8k3cU4tI4

 

Seriously, why are they acting so crazy?  I am beginning to wonder if it is the intention of the USSA to destroy the EU, unless they somehow think they will conquer Russia via their fifth column within the next few months. 

Thu, 08/14/2014 - 13:14 | 5092996 walküre
walküre's picture

Just look at these clowns. Clearly, they're taking their orders from somewhere. Just from who exactly is the question. Ukie politicians are beyond corrupt by nature. Just their way of doing political business.

Who benefits if the gas prices spike sky high?

Thu, 08/14/2014 - 13:23 | 5093010 Headbanger
Headbanger's picture

Tylers:  A much better gun photo to use for this article headline:

http://files1.coloribus.com/files/adsarchive/part_660/6600805/file/gun-c...

Thu, 08/14/2014 - 14:11 | 5093272 barre-de-rire
barre-de-rire's picture

lol

Thu, 08/14/2014 - 17:59 | 5094445 7.62x54r
7.62x54r's picture

The retards in the Whitehouse want a war. The Ukrainians obey.

They now want to move tanks into Poland. Fun times.

Thu, 08/14/2014 - 13:18 | 5093016 whotookmyalias
whotookmyalias's picture

Nothing that happens in this situation should surprise anyone.

Thu, 08/14/2014 - 13:21 | 5093020 Latina Lover
Latina Lover's picture

Quoting Walkure: who benefits from sky high gas prices?

 

You have one guess, and it starts with an R, ends with A, and rhymes with USSA, Fuckya!

 

The Ukraine is a joke that gets funnier each time you tell it.

Thu, 08/14/2014 - 14:18 | 5093299 Jack Burton
Jack Burton's picture

Latina, While the USA policy is designed to attack Russia, a great side benefit for the USA is the destruction of the EU economy. If both Russia and the EU have their economies destroyed, then the world returns in a partial way to how it was in 1950. Europe and Russia on their knees and the USA the only economic game in town. The difference this time though is the rise of Asia, and this USA game in Ukraine does nothing to hurt China or other BRICS - Russia.

 

Thu, 08/14/2014 - 16:41 | 5094126 sushi
sushi's picture

Somebody needs to explain why the Euro countries are all rolling over and playing dead while UKR / USSA steamrollers them, I am sure some of the eurocrats in Brussels are bought and paid for stooges of the Imperial Power but this cannot apply to all of them. It seemed pretty clear at "FUCK THE EU" get go what was coming down the pipe.

Now, instead of Brussels running the show it is going to be Ukraine holding everyone to ransome and they have zip, no cards, no resources, nada. They only thing they do have is thay are sitting in Uncle Sam's back pocket. folks in the EU are going to have a long cold hard winter unless they develop some cojones.

 

 

Thu, 08/14/2014 - 22:12 | 5095550 Ides of November
Ides of November's picture

Who do we have now seriously starting to question the USA/UK/Poland/Ukraine narrative from the EU/NATO.

 

Turkey (Still trading with Russia, and if the BRICS have any sense they will invite Turkey into the fold quicksmart - and out of NATO).

Bulgaria (Surely these guys don't want to get screwed over by the EU/USA/Ukraine?) Elections in October may tell a story. One to watch.

Austria (Desperately want South Stream to go ahead so this kind of BS doesn't destroy their economy)

Hungary (Victor Orban has publicly praised Putin's leadership)

Slovakia (Add it to the list).

Interestingly, these countries are the prime beneficiaries of South Stream!

They just need to start building the damn thing and get these guys out of EU/NATO.

South Stream will render the Ukraine irrelevant.

My prediction.

If Ukraine stops gas transit, Poland will be the next to block gas transit.

Look at a map - only two countries between the Baltic & Black Seas (Poland & Ukraine). Clearly they're both in this up to their necks!

Thu, 08/14/2014 - 13:49 | 5093166 crazzziecanuck
crazzziecanuck's picture

It's actually a pretty clever strategy, actually.  These are threats against other EU nations, just as this Slovak minister points out.  The problem is that the Ukies are trying to paint their actions as "well intentioned but flawed."  They're not flawed at all, they're thought out.  What the Ukrainian parliament is saying is that we're going to throw fit after fit and the only solution is for you to give us what we want, and that's pretty much going to come down to one simple thing: money.

 

Thu, 08/14/2014 - 14:02 | 5093195 silvermail
silvermail's picture

It's called blackmail.

Kiev, via puppets of Washington, blackmailing the whole of Europe.

But is not the idea of Kiev. This is the idea of Washington. What is the purpose of Washington? It's very simple: Washington strive to create a crisis in Europe. Thus, the capital and financial flows will flow from Europe to the United States.

Thu, 08/14/2014 - 14:04 | 5093226 Vampyroteuthis ...
Vampyroteuthis infernalis's picture

Yes, it is blackmail of Europe. The NATO countries have forced this mess onto the Ukraine and left it a disaster. Ukrainian parliment is dumping the choice back into Europe's court. Help us or freeze.

BTW, Ukraine is already screwed. This is their last option.

Thu, 08/14/2014 - 15:12 | 5093603 Rubicon
Rubicon's picture

There is no way Vlad will turn the gas off.

Thu, 08/14/2014 - 18:01 | 5094451 7.62x54r
7.62x54r's picture

Why should he? The Ukrainians will do it for him.

Thu, 08/14/2014 - 14:19 | 5093303 Jack Burton
Jack Burton's picture

BINGO "Silvermail", you have got it 100% correct!

Thu, 08/14/2014 - 15:16 | 5093628 silvermail
silvermail's picture

Interesting information on the level of rumor from Russia:
Ukraine this year will not be able to sell grain for export.
In the United States have big drought.
Russia, Kazakhstan and China are consulting on the prohibition of the sale of grain to export a in other countries. They want to leave this grain for its processing to feed for livestock. And then give these fodder to the farmers in the form of loans. Return of these loans, the farmers will be do no via money and no via grain, but via ready meat.

Thu, 08/14/2014 - 14:41 | 5093427 Omen IV
Omen IV's picture

This is a USA Plan - they want pretext for intervention under the guise of protection for europe

USA wants to have a standoff at the russian border and control of the pipeline before Russia intervenes and controls it

preemptive move

 

Yats already resigned once to take the USA position when offered to run the show

Thu, 08/14/2014 - 13:51 | 5093168 localizer
localizer's picture

Actually another explanation is this: cut EU off from Russian gas. Yes, long cold winter BUT that will drive the gas price in Europe up, right? That's exactly what's needed for the US to export their LNG to Europe since Asian prices are much higher... there's a reason Bulgaria suspended the South Stream project (followed by a gvmt collapse) right after McCain paid them a friendly visit... whoever is behind these decisions it's sure is not Kiev...

Thu, 08/14/2014 - 14:02 | 5093218 Urban Redneck
Urban Redneck's picture

The US doesn't have the infrastructure to export LNG and it's not going to get it anytime soon.

Thu, 08/14/2014 - 13:12 | 5092989 NidStyles
NidStyles's picture

These people are complete idiotic incompetents. I thought our incompetents were bad, but these people are even worse....

Thu, 08/14/2014 - 13:17 | 5093005 Latina Lover
Latina Lover's picture

Actually, the Ukie government is a puppet regime of the the USSA, so what does that say about Nudelman and company? Our USSA leadership must be criminally insane, or expect the USSA economy to implode iminently.

Thu, 08/14/2014 - 13:18 | 5093013 NidStyles
NidStyles's picture

I really have no idea how this will play out, but I am tired of dealing with complete morons.

Thu, 08/14/2014 - 13:22 | 5093040 Latina Lover
Latina Lover's picture

With respect, calling the Ukies and their USSA handlers morons, is a insult to real morons.   We need  a new word to describe their malfunctions.

Thu, 08/14/2014 - 13:32 | 5093085 Keyser
Keyser's picture

"Snoid" seems to be an appropriate term for the current bunch of psychopaths pulling the strings... 

Thu, 08/14/2014 - 15:25 | 5093674 rwe2late
rwe2late's picture

Latina Lover,

I think "mountebanks"      (meaning: unscrupulous charlatans)

is the term most apt.

Thu, 08/14/2014 - 14:45 | 5093455 Omen IV
Omen IV's picture

no one is stupid its all be design in Wash DC

Thu, 08/14/2014 - 13:23 | 5093027 Winston Churchill
Winston Churchill's picture

Criminally insane would be a marked improvement.

The world looks like a scene from a Hironimus Bosch oil painting.

Thu, 08/14/2014 - 14:04 | 5093236 silvermail
silvermail's picture

These people don't decide anything. They are only puppets of Washington. They do only what they are told to do from Washington.

Thu, 08/14/2014 - 15:17 | 5093637 TheFourthStooge-ing
TheFourthStooge-ing's picture

.

These people don't decide anything. They are only puppets of Washington. They do only what they are told to do from Washington.

They put the "dumb" in dummies.

Well, no, actually they put the "retard rocking back and forth uncontrollably, drooling on himself while huffing gasoline and shitting his pants" in dummies.

Thu, 08/14/2014 - 14:24 | 5093324 SoDamnMad
SoDamnMad's picture

IridiumRebel

Someone on ZH wrote it best years ago. Goes like, Be careful reading comments when drinking coffee. Snorted coffee out my nose reading your comment.  Priceless. I need a Tee shirt with that on it. Will see if it can be written in Russian too.

Thu, 08/14/2014 - 15:12 | 5093610 TheFourthStooge-ing
TheFourthStooge-ing's picture

Yats cuts off his dick to prove he's a man.

These Yatzis are closer to Idiocracy than even the US of A.

Thu, 08/14/2014 - 13:19 | 5093025 Freddie
Freddie's picture

Dual citizen Yats and his junta.  When are the Ukies going to get rid of this evil scum?

Thu, 08/14/2014 - 13:24 | 5093050 Latina Lover
Latina Lover's picture

The problem with most Ukies are that they rather be conned, than admit they were conned. Yats, Porky, IHOR and crew have nothing to worry about.

Thu, 08/14/2014 - 13:31 | 5093073 astoriajoe
astoriajoe's picture

a really good con feels very good while its happening.

Thu, 08/14/2014 - 13:20 | 5093028 Reptil
Reptil's picture

No, this is a deliberate tactic of the corporatists, that want to bring europe to it's knees, before they ram home the TTIP-TAFTA.

Thu, 08/14/2014 - 13:25 | 5093057 Latina Lover
Latina Lover's picture

Interesting interpretation, except that russia can double gas transfers via Nordstream, and through other pipeline systems.   Nevertheless, I will keep an open mind.

Thu, 08/14/2014 - 14:51 | 5093489 COSMOS
COSMOS's picture

lots of usa subs trolling around, I am sure a little pipeline accident underneath the baltic sea can cause a headache for Europe and nordstream, lets not forget that they used the subs to tap into the fiberoptic cables running at the bottom of the oceans...

Thu, 08/14/2014 - 13:48 | 5093165 wewillwin
wewillwin's picture

when your master is as stupid as the US what do you expect from the it's puppet to be brilliant?!

Thu, 08/14/2014 - 14:27 | 5093341 Thom_333
Thom_333's picture

No they (individual politicians) are on Washingtons payroll and they are doing what they are being payed to do. This is how the ironic/sarcastic comment from the Slovak should be interpreted. He is aware of this but can´t just blurt it out.Furthermore he is casting some doubt on the wisdom of pursuing this policy. Not helpful for EU self-interests. But that´s politics for you.

Thu, 08/14/2014 - 14:04 | 5093231 talisman
talisman's picture

Old "Through History with J.Wesley Smith" cartoon----

OOPS, SORRY!, Doctor, is no excuse for cutting the carotid.

Thu, 08/14/2014 - 13:04 | 5092939 1000yrdstare
1000yrdstare's picture

Remember Noodleman's conversation....

FUCK THE EU!....

maybe the EU may fuck the Ukraine... we'll see as it starts to get a nip in the air..

Thu, 08/14/2014 - 13:08 | 5092963 Latina Lover
Latina Lover's picture

It seems that Nudelman did not mis speak...  she and her cohorts really want to Fuck the EU!

Thu, 08/14/2014 - 13:25 | 5093060 Freddie
Freddie's picture

The Europeans need to get rid of the EU scum in Brussels.   Americans are TV drooling sheep with aan Obama loving military and police state,

Thu, 08/14/2014 - 13:26 | 5093064 F0ster
F0ster's picture

This Ukie move will force Germany to pivot

Thu, 08/14/2014 - 14:09 | 5093260 silvermail
silvermail's picture

In Germany, all decisions are made by Merkel.
But Merkel Whores For Washington:
http://www.infowars.com/merkel-whores-for-washington/

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