Russia's Response To European Capital Sanctions In One Word

While the West continues to press the "Russia is increasingly isolated" meme, it appears - as we noted ironically previously, that Vladimir Putin is finding plenty of friends... most notably China. While threats of 'asymmetric' retaliation over European sanctions may have been enough to worry Europe's leaders, the slew of news overnight regarding increased cooperation between China and Russia is likely more damaging to Western strategy (and egos).

Not so isolated...

h/t @PersonOfAwesome

As overnight news shows... China and Russia are ramping up their cooperation...

First, as Reuters reports, Russia and China pledged on Tuesday to settle more bilateral trade in rouble and yuan and to enhance cooperation between banks, Russia's First Deputy Prime Minister Igor Shuvalov said, as Moscow seeks to cushion the effects of Western economic sanctions...

Russia's First Deputy Prime Minister Igor Shuvalov said told reporters in Beijing that he had agreed an economic cooperation pact with China's Vice Premier Zhang Gaoli that included boosting use of the rouble and yuan for trade transactions.

The pact also lets Russian banks set up accounts with Chinese banks, and makes provisions for Russian companies to seek loans from Chinese firms.

"We are not going to break old contracts, most of which were denominated in dollars," Shuvalov said through an interpreter.

"But, we're going to encourage companies from the two countries to settle more in local currencies, to avoid using a currency from a third country."

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So that blows the oil/gas funding sanctions plan out of the water as Russian firms will merely fund via China.

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Second, as RBTH reports, The Chinese company CNPC is to get up to 10 percent in Russia’s Vankor oilfields, Rosneft’s biggest production asset...

Russian President Vladimir Putin announced the plan at the construction launch of the Power of Siberia gas pipeline on 1 September, business newspaper Kommersant reported.

“The plan will secure state support, and we will encourage your participation,” said Putin to the members of the Chinese delegation.

“There are no restrictions for our Chinese friends,” he said. According to Kommersant, the Chinese state company CNPC could get up to 10 percent in Vankorneft for approximately $1 billion.

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So that knocks another leg out of the sanctions stool as investment in energy infrastructure and technology is covered.

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And finally, as ITAR-TASS reports, Russian Railways are set to get RUB400 Billion investment from Chinese investors...

Chinese investors have expressed their willingness to invest 400 billion rubles. in the construction of high-speed highway Moscow - Kazan. Itar-Tass said the first vice-president of Russian Railways Alexander Misharin.

"Even today, the Chinese banks, China Development Bank in the first place, ready to raise the funding needed for this project, we are talking about the order of 400 billion rubles." - Said Misharin, noting that the final decision on the construction of high-speed rail is in Russian government.

Misharin emphasized that the stated funds are sufficient to "provide funding for the project in terms of funds raised."

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But apart from that, yeah Russia is isolated...

Comments

[daedon]

Let's not talk about the American Oligarchs.

[luckystars]

I think we should call them Oligarchs too.

[Zeta Reticuli]

They are usually Jewish and Israel citizens.

[bid the soldier...]

China and Russia are ramping up their cooperation...

China and Russia are revealing to the world more areas of their longstanding cooperation to demonstrate the uselessness of the West's sanctions

fixed it 4 u

[q99x2]

Maybe China is going to help Russia take back Ukraine and stop Goldman Sachs

12,000 Chinese troops on the Russian border.

[luckystars]

This is a sick place. Somehow you all think you will be winners in the destruction of  America, because you are wise. The Jews think the same thing. Look how that turned out for them in history. lol

God is great, nature is perfect, we all are bound by the universal laws.

see ya fools

[Sorry_about_Dresden]

Fuck off!

That's all you got? G-d is great? Allah Akbar?

Piss on you!

You have nothing, of substance , to say.

Go away!

[TweedleDeeDooDah]

Right now, crates of money are literally being dumped into Turkey. As soo as harvest season is over, and all the perishable produce is shipped, The NATO EU-hopeful will jump right on that train!

China is of course happy to invest in Russia, send in more workers, who become residents, then citizens, and when these "Chinese-speaking" ethnic Chinese, who will have colonized much of Siberia and Yakutsk are threatened, discriminated against, or just want to have a "NovoChina" republic....

What is a "Krim", by any other name?

[Sorry_about_Dresden]

Lets review....this is how I see it. Qatar wants pipeline across Syria so he funds the Arab Spring to kill Gaddafi. Had Gaddafi kept his nuclear ambitions he might still reign. USA provides Air Force for Al-CIAda in Benghazi.....they kill Gaddafi and CIA buys Libyan arsenal at bargain basement prices w/ money from Qatar and ships weapons to Syria to equip the insurrection in Syria by more Al-CIAda fresh from Iraq and, probably directed by Blackwater (XI) or whatever they call themselves (American Mercenaries). CIA/MOSSAD wants to carpet bomb Syria when they claim Assad has WMDs.....This sounds familiar? Russia throws monkey wrench in CIA plan with offer to intercede and help NATO, EU, World dispose of chemical weapons, which were actually supplied by Qatar and transported, stored then intentionally detonated; killing many civilians and blamed on Assad's armed forces. The legitimate, Sovereign Gov't of Syria. CIA/MOSSAD is stunned by Russian leader Putin's cleaver ploy to NOT SHED THE BLOOD OF INNOCENT WOMAN. AND CHILDREN! CIA/MOSSAD now plans next strategy to wage war by offering NATO and EU membership to Ukraine.  The freely, and democratically elected leader of the sovereign nation of Ukraine, politely, declines offer and, instead, accepts the generous offer of the Russian Republic to enter into trade and alliance with Russia instead of joining NATO/EU. People in Kiev protest wanting to accept the trickery offered by the Zionist and demonstrate in the capitol. CIA/MOSSAD positions a few snipers to shoot some protesters and some police who were ordered there to maintain order......Mayhem ensues ! The tribe is dancing on the tables at the Bank of International Settlement trying to calculate the fees they will collect during a global conflict. All of the Synagogues in the West are salivating at the mere thought of blood profits! The Synagogues in the East are cowering at the thought of the polgrams that will issue if there is war with, the still NAZIfied West Ukraine. As always one tribe profits on the other tribes slaughter. Just read the history of the Bank of International Settlement (BIS)! The BIS still has gold bars of melted dental fillings extracted from the victims of Auschwitz tucked away in their vaults.  Is it a coincidence a Malaysian commercial jet airliner disappeared, like a fart in the wind, and an a Malaysian commercial airliner; of the exact same model, is shot down over the Ukraine?.....wtf?  Is "W" still painting those heinous kiddy drawings? We could be making this world a better place to live, feed all the children of this world, prosper thru honest, interest free, construction of infrastructure to benefit all mankind, improving the  living conditions of all peoples through honest compassionate endeavors!!! Instead the moneylenders use OUR resources to enrich themselves to enable use, through tyranny and injustice, to annihilate one another. When will we, the Nobel Human Race, rise up against those usurpers of our life, liberty, prosperity? I say "TODAY!" Your intuition is your creator's spark. Never doubt it! If you know it is wrong......IT IS! Stop listening to them and doubting yourself!