Europe Blinks - May Cancel Russian Sanctions

Tyler Durden's picture


It appears the pain that Europe is already suffering post-Russian sanctions, is too much to bear (as we explained here). While NATO admits it saw Russian military forces cross the Ukraine border, European leaders, after discussions on widespread 'aid' for nations suffering from Russia's food ban, have said they are 'ready to review Russia sanctions' if the situation stabilizes. Furthermore, snubbing Washington, European leaders said they do not want to impose more sanctions on Russia. Obama alone again?


As Bloomberg notes,

EU ready to review Russia sanctions if situation in eastern Ukraine clearly stabilizes, although measures were in part imposed over annexation of Crimea, Interfax says, citing interview w/ EU envoy to Russia Vygaudas Usackas.


Sanctions not goal unto themselves


EU doesn’t want to impose more sanctions on Russia


EU hopes Russia will hand over humanitarian aid to Ukraine in compliance w/ intl law


EU hasn’t decided on suing Russia in WTO, ready to defend interests

*  *  *
Perhaps they got a glimpse at this chart and realized just how bad things could get...

Russia is by far Europe's largest net export partner for food.. and that highlighted column is about to disappear through Russian sanctions, likely pressing Europe into a trade deficit.

Or read this on EU Energy independence...

*  *  *

It appears Putin's chess kung fu beats Obama's checkers...

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Fri, 08/15/2014 - 10:40 | 5097420 williambanzai7
williambanzai7's picture

Fri, 08/15/2014 - 10:43 | 5097440 Haus-Targaryen
Haus-Targaryen's picture

So "Europe" just bent the knee to Moscow.  

Good to know.  That wedget between Berlin and Washington just got a little bit bigger.  

Fri, 08/15/2014 - 10:51 | 5097515 Muddy1
Muddy1's picture

"Obama alone again?"

Where's Reggie???????

Fri, 08/15/2014 - 10:53 | 5097530 kliguy38
kliguy38's picture

Ukraine forces just engaged the Russian column reported on CNBS....time for the weekend big show

Fri, 08/15/2014 - 11:00 | 5097592 Urban Redneck
Urban Redneck's picture

They're supposed to wait until the NEW YORK market closes, not the FRANKFURT market... Stupid Yukes.

Fri, 08/15/2014 - 11:05 | 5097631 Latina Lover
Latina Lover's picture

William Banzai, that is you best work yet!!!

Fri, 08/15/2014 - 11:53 | 5097969 drendebe10
drendebe10's picture

Hahahaha. Another victory for the grossly incompetent corrupt arrogant narcissistic illegal indonesian kenyan alien muslim sociopathic pathological lying fudge packer in chief,

Fri, 08/15/2014 - 10:58 | 5097573 Winston Churchill
Winston Churchill's picture

Last time I saw a crack that big, my plumber was here.

Fri, 08/15/2014 - 11:24 | 5097776 ForWhomTheTollBuilds
ForWhomTheTollBuilds's picture

Cue large scale international incident that makes Putin look like the devil in 3....2....

Fri, 08/15/2014 - 11:46 | 5097931 chubbar
chubbar's picture

What Europe ought to do is quit fucking pretending they don't know the U.S. started this war and shout that fact from the rooftop. Maybe NATO would stop sucking up to Obama and actually attempt to resolve the problem that the majority of eastern ukrainians have with this illegal action of the U.S.

The first step is a cease fire by the illegal Kiev gov't against ukrainian citizens. Nato should call for that. They won't because it doesn't serve the narrative that it is all russias fault.

I think Putin is making a mistake sending in aid as it'll allow the Kiev gov't a target to shoot at that is clearly Russian and will draw him into further conflict.

Fri, 08/15/2014 - 13:35 | 5098576 realWhiteNight123129
realWhiteNight123129's picture

Wrong reading of the situation. Read Ron Paul, the world is about commerce, circulation and goods and services. If Europe is not forcing Russia to accept EUROs, and if the two parties agree freely about the form of neutral form of payment (Gold for example), than nobody needs to bend the knee to the other, just get paid in Gold for your BMWs, Mercedes, Audi and pay back in Gold for your Gas. Everybody trades, make sure to balance its trade books, its budget and everyone stays in its own borders. 


Fri, 08/15/2014 - 10:44 | 5097452 junction
junction's picture

Oh, no, Barry is now getting very angry.  When Barry gets angry, he does bad things.  Ask Michael Hastings.

Fri, 08/15/2014 - 10:45 | 5097456 y3maxx
y3maxx's picture

Putin 100%

Obama 0%

Major League Batting Avge.

Fri, 08/15/2014 - 10:57 | 5097571 Oracle 911
Oracle 911's picture

I don't think the Russians will review their sanctions toward EU.

Fri, 08/15/2014 - 11:20 | 5097751 swmnguy
swmnguy's picture

Oh, they might.  Depends on what happens next; if the EU really cancels their sanctions and the US armtwisting and screeching reaches a shrill enough pitch, then Putin would start revoking those sanctions.  Honey and vinegar, in alternate doses.

Fri, 08/15/2014 - 15:07 | 5099026 Oracle 911
Oracle 911's picture

No the Russians want teach the political leadership of EU a lesson:

"Behave like a stupid spoiled brat and go against the hand which feeds you and there will be consequences."

Or in redneck:

"Fuck with us and the Russian bear will fuck you."

Fri, 08/15/2014 - 10:45 | 5097465 Gringo Viejo
Gringo Viejo's picture

Priceless WB. Coffee on my Keyboard.

Fri, 08/15/2014 - 11:17 | 5097730 shouldvekilledthem
shouldvekilledthem's picture

This is your first work that I would consider worthy of a bitcoin tip?

care to post a qr code?

Fri, 08/15/2014 - 14:50 | 5098944 Youri Carma
Youri Carma's picture

I go hot like Vladimir Putin

Fri, 08/15/2014 - 10:41 | 5097423 Senduko
Senduko's picture

Bah, someone shoot a missile already.

Fri, 08/15/2014 - 10:43 | 5097426 bobnoxy
bobnoxy's picture

Vlad wins again? This is like the Globetrotters against the Generals.

Fri, 08/15/2014 - 10:42 | 5097429 KenShabby
KenShabby's picture

Lol. That sure didn't take long.

Fri, 08/15/2014 - 11:02 | 5097432 Rattling Bones
Rattling Bones's picture

Putin is playing chess while Obama is playing with himself.

Fri, 08/15/2014 - 10:43 | 5097437 kchrisc
kchrisc's picture

I think I just  heard Putin say "check."

Fri, 08/15/2014 - 10:45 | 5097447 SHEEPFUKKER

Wait, so with winter coming soon, the Euros realized that they all might freeze to death without Russian gas? You don't say. 

Fri, 08/15/2014 - 10:47 | 5097477 DeliciousSteak
DeliciousSteak's picture

I don't think gas was on the table for any of the parties, except the Ukrainians of course. Besides, aren't US energy companies exploring and drilling in Russia as we speak? Even for the Americans any losses for energy companies is unacceptable.

Fri, 08/15/2014 - 10:46 | 5097466 Dr. Engali
Dr. Engali's picture

When it comes right down to it, no one in the EU has a principled stance. In the end, it's all about "money". It's too bad the EU and the U.S had to go fucking around in Putin's back yard to begin with.

Fri, 08/15/2014 - 11:13 | 5097696 medium giraffe
medium giraffe's picture

Yes!  And Putin is cut from the same fricken' cloth ffs!

Fri, 08/15/2014 - 10:47 | 5097472 Tortfeasor
Tortfeasor's picture

Obombing isn't alone. He's part of a foursome just teeing off on the back nine.

Fri, 08/15/2014 - 10:53 | 5097524 q99x2
q99x2's picture

The US warmongers, the Rockefellers and the like, teamed up with them ISIS and they started the cold war with Russia. Also they are starting a war with the citizens of the United States of America. Them EuroQueens ain't necessarily in the same boat. So this is good. It shows that the NWO still does not exist. The time is perfect for breaking up the NWO.

And, replacing governments with opensource software. Keiser has an interesting presentation with MaidSafe. The concept is great if it works. Its about an anonymous internet that may soon take place.

Fri, 08/15/2014 - 11:01 | 5097604 vincenze
vincenze's picture

I don't think that Putin will cancel his anti-sanctions quickly.

While big Russian cities are rich, provinces have been neglected.

Polish apples can be cheaper and better labeled, but apples can grow even in Siberia. Russian farmers will get some boost and investments.

"Buy Russian and don't give money to imperialist pigs" will work.

Fri, 08/15/2014 - 11:16 | 5097667 moonstears
moonstears's picture

Interestingly, look up Russian famine of 1921/1922. Dig deep and you'll find that evil USA provided the grain to keep them alive, after losing ~6mil. No doubt to this day some of that heirloom seed gives Russia this capability, to export. It's a fact, bitchez!  

p.s. Your Grandpa, fellow Americans, used gold backed dollars/real wealth to pay those taxes/contributions and save those Russian lives. Carry on.

Fri, 08/15/2014 - 12:36 | 5097738 vincenze
vincenze's picture

If you dig even deeper, the famine was caused by commies who killed and jailed Russian farmers when they refused to work at socialist farms.

Now, commies rule in the USA.


Fri, 08/15/2014 - 11:44 | 5097919 moonstears
moonstears's picture

Obviously my down voter does not feel like digging. So be it.

Fri, 08/15/2014 - 11:54 | 5097980 medium giraffe
medium giraffe's picture

Well, you will run off at the mouth with all of these facts. Look at the Ebola comments, and the Putin comments, your facts are not welcome here, take your facts somewhere else.

Current groupthink rules are as follows:

USA bad = upvotes

Putin fellatio = upvotes

Anything contrary = downvotes.

Hope this helps.

Fri, 08/15/2014 - 11:12 | 5097688 Funny Money
Funny Money's picture

More Putin worship?  Keep in mind that ZH is still waiting to be right about a stock market crash that's going to happen any day now.  Don't worry, you'll be right about something someday.

Fri, 08/15/2014 - 12:12 | 5098088 moonman
moonman's picture

Says the troll who has been here 18 weeks

Fri, 08/15/2014 - 12:42 | 5098244 El Vaquero
El Vaquero's picture

I'm pretty sure that a meme on ZH has been BTFD and BTATFH for a while now.  I'm also pretty sure that most know that playing in the "markets" with anything that you cannot afford to lose is foolish, because those memes will work very well.  Until they don't.  It's timing the "until they don't" part that is a fool's errand, but none the less, it will come.

Fri, 08/15/2014 - 11:14 | 5097702 Icebramovich
Icebramovich's picture

The winter is coming, folks!!!!


And the european economies aren´t growing

Fri, 08/15/2014 - 11:18 | 5097723 Atomizer
Atomizer's picture

Euro trash is now in fear of economic growth projections, who would of thought?

Bauhaus - In Fear of Fear

Fri, 08/15/2014 - 11:20 | 5097743 viator
viator's picture

Is Putin going to win this one? That would be a laugh.

Fri, 08/15/2014 - 11:37 | 5097790 Dubaibanker
Dubaibanker's picture

So much for EU unity...

Finland will impose no new sanctions on Russia – Finnish PM

EU 'Shot Itself in Foot' with Russia Sanctions, Hungarian Prime Minister Says

Slovak president, PM differ on Russian sanctions


Cyprus parliament tells UN “up yours” over Russia sanctions


Who is calling the shots if so many countries disgaree on Russian sanctions?

When will EU implode? It is about time....

EU is a political union of 28 member states, all of whom have differing ambitions, with no fiscal unity, no cultural similarity, dissimilar productivity levels, most are high debt nations combined with very few low debt nations yet they use the same unit of product i.e. their currency: EUR.

Just because they are next to each other does not mean they are similar. Try convincing a German that he is same like a Greek!

Unless EUR currency is broken down and sent to the dustbin of history and all countries allowed to do what they wish to, instead of some grand and frivilous aim to be united, they will keep failing in all their 'united' efforts, of which the Russian sanctions' withdrawal shortly will be another example in the long list of EU's failures.

Fri, 08/15/2014 - 12:32 | 5098209 Dogface
Dogface's picture
Finland's top retailer sells sanction-hit cheese half price


And it is better than what we normally get.


Fri, 08/15/2014 - 12:53 | 5098306 Freddie
Freddie's picture

I am amazed the Finns were dumb enough to go along with this.  Finland was one country seriously talking about dumping the Euro and EU.

Fri, 08/15/2014 - 11:31 | 5097824 Republi-Ken
Republi-Ken's picture

U Zero Libertarians are so fucking stupid.

Its EUR trying to entice Putin to back off.

This is a planned maneuver. With USA advice.

Its not Europe blinking. Its a bribe.


Hey Tyler start thinking for once, not hoping Putin wins, Obama loses.

Fri, 08/15/2014 - 14:48 | 5098895 N2OJoe
N2OJoe's picture

So europe tells the dog:

If you don't stop, I'll take away our mutually beneficial bone!

dog continues as it pleases

If you stop, I'll give back our mutually beneficial bone!


Totally reasonable argument... to an obamanaut.

Ooor they're shitting their pants about their impending economic meltdown as they freeze to death over the next several months.

Fri, 08/15/2014 - 11:37 | 5097867 rbianco3
rbianco3's picture

It is like a soap-opera for people following geo-political / macro-economic news. Putin is like J.R. Ewing and Obama like, hmm what was his name.. he didn't leave a strong enough impression for me to remember... was it Peter or Pam?

Fri, 08/15/2014 - 12:10 | 5098083 Magnum
Magnum's picture

US leadership has shown that it lacks brains, like jellyfish.  The sanctions have only strengthened Russia.  Question: why did European leaders agree to go along with sanctions to begin with?

Fri, 08/15/2014 - 17:16 | 5099770 Monty Burns
Monty Burns's picture

I would LOVE to know the answer to that question. Talk about a total no-brainer, everything to lose, nothing to gain.  America has almost nothing to lose arising from sanctions, yet the EU goes ahead.  Just crazy.

Fri, 08/15/2014 - 12:39 | 5098235 smacker
smacker's picture

"Europe Blinks - May Cancel Russian Sanctions"

lol. European political elites are frightened in case their farmers, fruit growers and food producers turn on them and bring out the rope and piano wire.

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