Russia Prepares Further Retaliation To West's "Destructive Sanctions"

Tyler Durden's picture

If the West continues its "destructive sanction policy," Kremlin spokesman Dmirty Peskov said Moscow will deploy additional 'protective' measures. Peskov warned, "we have said several times that Russia is not a fan of speaking in terms of sanctions and has not been an initiator. But if our partners continue their non-constructive and even destructive practices, then additional measures will be developed." Of course, this escalation is merely pent-up de-escalation and therefore good reason to buy US stocks, except bonds seem a little concerned this morning that Putin's blowback will dent global growth further.

 

Via RIA,

Moscow will consider additional protective measures if the West continues its destructive sanction policy, Kremlin spokesman Dmitry Peskov said Tuesday.

 

"Different variants are being developed. We have said several times that Russia is not a fan of speaking in terms of sanctions and has not been an initiator. But if our partners continue their non-constructive and even destructive practices, then additional measures will be developed," Peskov said.

 

The first round of sanctions against Russia was implemented by the United States and the European Union back in March as a response to Crimea’s reunification with Russia following a referendum. As the Ukrainian crisis escalated, Switzerland, Canada, Australia and Japan gave in to US pressure and drew up their own sanctions.

 

In response to Western sanctions, Russian President Vladimir Putin signed an order on economic measures to protect the country’s security. The decree went into effect on August 7 and banned the imports of agricultural and food products from the countries that had imposed sanctions on Russia for one year. The list of banned products includes meat, poultry, fish, seafood, milk, dairy products, fruits and vegetables.

 

Moscow said earlier it was ready to review the terms of its import restrictions if its Western partners showed a commitment to dialogue.

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The response so far is Treasuries are rallying and stocks holding gains...

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Croesus's picture

Comrade Putin: 

Why bother trying to destroy the West? They have Western Politicians...who already do a first-rate job of it. 

"If you sit by the river long enough, you will see the body of your enemy float by". 

Headbanger's picture

Does that include ex-wives?

svayambhu108's picture

Karma is an Ukrainian bitch

photonsoflight's picture

My x is a drunk. Go long alcohol companies, trust me.

Toolshed's picture

Didn't you see the Wizard of OZ? Evil witches dissolve in water.

TahoeBilly2012's picture

Russia is pushing it's allies to develop their own food supply including "fancy grade A" stuff. Smart! The Sochi Olympic were amazing, no matter the US Jew media clowns who can't fucking ski anyways talking toilets. Russia is on the rise and it's food will only get better. Me thinks a good time to get that way and open a food company or brewery, probably get some backing.

BlindMonkey's picture

Their stance against GMO is a refreshing change as well.  They have plenty of evidence as to what happens when the people start eating that crap.  We have to keep the Russian chicks hot!

Jerusalem Cats's picture

They are also into small organic farms http://naturalsociety.com/russians-prove-small-scale-organic-can-feed-wo...

They are now buying from Israel all the produce that the EU is boycotting from Israel. http://www.haaretz.com/business/1.610429

wallstreetaposteriori's picture

Lots of de-escalation going on...... More like Putin is telling Big "O" to eat de-ez nutz

junction's picture

The EU better act fast,this winter in Europe could be mighty cold.  Especially if Gazprom turns off the natural gas spigot on its transmission lines that transit Ukraine.

giggler321's picture

but since western powers have stopped the new pipeline to Europe - u'd b forgiven 2 believe that they actually want it switched off.

shovelhead's picture

At least the crooks running the US do.

They don't have to sit in a freezing apartment.

williambanzai7's picture

They are called ebola huts now.

_ConanTheLibertarian_'s picture

What a bunch of kids. All of them.

Urban Redneck's picture

Petroleum.

Shut it in, or shut up.

LawsofPhysics's picture

All of these actions, on all sides are completely silly.  That aside, in the last thirty years the Russians have experienced a complete collapse of their economy, fragmentation of their union, and hyperinflation.  As a country, and as a result of this hardship, their government has very little debt yet still has real resources comparable to that of the U.S. and their people are becoming more unified every day.  You can come to your own conclusion as to who is positioned better in the world right now.

BrosephStiglitz's picture

100% agree on hardship, lack of debt and them having productive real assets.

Winston Churchill's picture

What was the feedback you got in Russia LoP ?

I don't travel anymore ,and on the ground humint is the most valuble.

 

LawsofPhysics's picture

Honestly, in both Russia and Brazil these days, you can summarize business in a simple phrase "let's make a deal".

Again, poverty and oppression means something completely different in these countries.

The bottom line is, I do not deliver the soybeans until I get the fiat agreed upon, as it were.

Interestingly, this can have unusual consequences if the dollar strengthens between the time the deal is made and when they actually pay up.

The Russian government has, for the most part, been better about getting out of the way and letting people do business.  The Brazillian government still hasn't quite figured out how to keep from shooting themselves in the foot by delaying the interaction of productive partnerships. 

1000yrdstare's picture

Vlad is saving his "Operation gas shut off" for later.

(hint: Winter is coming)

BrosephStiglitz's picture

Already buying warm clothes.  Summer months = seasonal discount.  Gas prices are going to rocket come October to February.

tonyw's picture

time to stop importing those EU cars.

tvdog's picture

More likely Ukraine will shut off the gas and blame it on Russia.

On a side note, Slovakia is saying that it can be supplied by backflow from the west if the gas is shut off in Ukraine. Does anybody know if that would work? Is there enough capacity in the Baltic pipeline to supply Europe by backflows if the Ukraine pipe is shut down?

813kml's picture

Putin won't be shutting off the gas to the EU as long as they keep paying and don't start shooting.  The Russians take their energy contracts seriously and besides that would be seen as an escalation.

If Ukraine is stupid enough to shut off the gas to EU they will get a quick dose of reality from Germany and other on-the-fence NATO countries.

RattNRoll's picture

Wake me up when Mushroom clouds are forming...oh wait n/m.

yogibear's picture

Putin didn't want to play the Federal Reserve/IMF Bankster game so their out to get him.

Putin plays his cards right he can help the banksters destroy themselves.

GetZeeGold's picture

 

 

Russia will launch all ICBMs and they'll be punking gold......cause that's what you do.

ekm1's picture

Both sides are M.A.D., Mutually Assured Destruction.

World trade is getting killed.

 

Of course it was Bank Lobby who started Aggression first with Quantitative Easing, which is purely Financial Aggression.

 

Putin took advantage of it and replied to that aggression with real war trying to snatch Ukraine.

 

And we are here now: 

Bank Lobby OPENLY trying to REPLACE USD AS WORLD CURRENCY

http://forumblog.org/2014/07/dollar-brics-bank-imf-sdrs/

 

Of course Military Complex will never accept this since it will be decimated if that occurs.

 

When I say watch out for dead executives lying on streets, I actually mean it, if civil war between bank lobby and Military complex continues.

intric8's picture

I'm beginning to see it this way - the people who really run the world have no problems with the ensuing starvation, war casualties and loss of life resulting from world economies going down the shitter. As far as they're concerned, humanity needs a reboot, a massive purge, an enema.

They will always be on top. Better for them to start over with less dregs, less resistance and more control. No?

ekm1's picture

Ultra elite first eliminate each other.

It is inevitable at this point, in my view. We are about to see assassinations of executives

Too many insolvent oligarchs and almost no world real assets (not financial assets) available for grab, unless war is declared

 

rwe2late's picture

The basic contention that the US is no worse than anybody else because "they all do it" is false generalization.
Discounting ZH readers opposition to improper US actions is a mistake based on false generalizations.

 Discounting and denigrating ZH readers support for justified actions done by  allegedly "bad actors", because those "bad actors" may have "bad motives"  is also a reflection of  mistaken generalizations.

ekm1's picture

All we can do again, is write opinions.

We are not ultra elite, we are not on the inside.

 

Everything is an opinion and an interpretation, nothing else.

rwe2late's picture

 not all opinions are equally supported by evidence and reason

ekm1's picture

There is no such thing as 'evidence'.

Reason = personal interests

 

If you don't like my opinions, please do not read them

ThirdWorldDude's picture

There is no such thing as 'evidence'.      LOL! Tell that to the corpus delicti.

Reason = personal interests      Does this statement explain your stance on Ukraine/Russia?

Opinions are like arseholes, but there's this harsh smell coming out of yours...

BuddyEffed's picture

Loss of the grid for them is just as bad as for the rest of us.  Their progeny might be able to use alternatives sources for electricity for just one or two generations is my guess.  Even with their wealth and the best laid backup plans, entropy will likely have the last say, and systems of order bulit on and dependent on fossil fuels for even trivial maintenance will eventually end up in disorder without FF.

mvsjcl's picture

"Putin took advantage of it and replied to that aggression with real war trying to snatch Ukraine."

 

Where'd you come up with that, ekm1?

ekm1's picture

That's what I see. That is my view based on all events that have occurred.

 

All we can do, is to interpret events based on historical, geopolitical and geoeconomical factors.

 

That is what I think is happening currently

mvsjcl's picture

My meditation led me to think that Crimea snatched Russia before it could be snatched by other parties. But what do I know? Like you, all I can do is view the shadows and try to interpret as best as I can.

ekm1's picture

Again, history is a guide as to who was there berfore or after, which means basically ABSOLUTELY NOTHING.

Check this:

http://vimeo.com/89394659

 

Who was there before means absolutely nothing. The ones ready to use force, basically win.

That's what Putin did. He used force and won.

mvsjcl's picture

If you mean force of will, then I can see that.

ekm1's picture

Putin took Crimea by sheer military force and there is nothing wrong with that historically.

That is the norm and I was not surprised at all

mvsjcl's picture

Did he take, or was he preventing someone else from taking?

ekm1's picture

No objection on this logic. You are simply confirming my logic.

So, yes quite possible NATO wanted Crimea.

 

NATO snatched cyprus from Putin and is trying to kick him away from Tartus in Syria and they will.

So, Putin got Crimea by force.

 

All in all, fair game, I'd say.

mvsjcl's picture

Thank-you for your viewpoint. Interesting times.