Russian Sanctions Backfire
The belief that calling
for and instituting sanctions against Russia is a sound policy, illustrates the economic disconnect of the Obama administration.
With the fervor for starting a new cold war, the propaganda machine is working overtime to paint a picture that ignores real
economic synergism. Note the conflicting reports regarding the EU. Nine EU countries ready to block economic sanctions against Russia, quotes a diplomatic source to ITAR-TASS:
“France, Germany, Luxembourg, Austria,
Bulgaria, Greece, Cyprus, Slovenia, and EU President Italy see no reason in the current environment for the introduction of
sectorial trade and economic sanctions against Russia and at the summit, will block the measure.”
“According to the source, the US
sees slapping Russia with sanctions as a way to promote its own trade agenda with Europe, a side rarely explored in mainstream
media. The Transatlantic Trade and Investment Partnership (TTIP) between the US and Europe would create the world's largest free trade
zone, but some worry it could balloon into an "economic NATO" or could end up putting corporation interest above
article, EU and the USA have adopted new sanctions against Russia reports that the European Council has agreed to extend the restrictive measures
for the entities in the Russian Federation. Romanian president Traian Basescu believes the EU needs to adopt tougher sanctions
"My point of view
was that unless the European Union takes tougher actions and moves on to the third stage of these sanctions, Ukraine might
no longer be ready to move towards the European Union and would end up in a situation like that in the Republic of Moldova,
currently facing the breakaway tendencies of the region of Transdniester, only with a greater impact for the EU, because Ukraine
is a bigger country."
This contradiction between individual national economic interests and the quest
for a technocrat administered system of trade that fosters and facilitates an internationalist foreign policy under NATO and
EU rule, is the actual objective of Washington and Brussels interventionism. This arrogance and self-delusion treats economic
commerce as conducted in a vacuum. As The Hill article cites Putin. “Sanctions are “driving into a corner” relations
between the two countries and will damage the interests of U.S. companies and “the long-term national interests of the
U.S. government and people.”
Russian warns that the US campaign will have consequences as the Alliance News writes, that Moscow Blasts US Sanctions As "Primitive," Promises
“Sergei Ryabkov, a deputy Foreign Minister, told the Interfax news agency
that Moscow will hit back with measures that "will be felt in Washington painfully and sharply."
The Russian Foreign Ministry said US
measures against a number of state corporations are "a primitive attempt at revenge because events in Ukraine are not
developing according to Washington's scenario," and added that it reserves the right to retaliate.”
The preposterous strategy
that international finance can force a country like Russia, with the world’s largest energy resources, into a capitulation
dependent status is absurd. The minimal effect according to Russia's Finance Ministry, Says Harsher Sanctions Would Cost Russia 0.3% of GDP, does not sound like much of a threat. Then consider the counter response
of Russian Sanctions Retaliation Escalates: Dumps Intel/AMD
And Now Foreign Cars.
The cavalier and condescending manner
by which the Western central banks assist the New World Order’s goal of global dominance has fortified opposition with
the emergence of the BRICS Development Bank. Use your common sense, when Putin Wants Measures to
Protect BRICS Nations From U.S. Sanctions, much of the rest of the world is listening.
"In an interview published
as a two-day BRICS summit got under way in Brazil on Tuesday, Putin said he would urge Brazil, China, India and South Africa
to draw "substantive conclusions" from sanctions imposed on Russia over its actions in the Ukraine crisis, and said
it was time to dilute the dominance of the U.S.-led West and the U.S. dollar by boosting the role of the BRICS on the global
The American press and media, especially is
fueling the fires to demonize Putin’s Russia as a resurrected Stalinist Soviet belligerent. Absent in this narrative
is an honest chronicle of NATO’s expansion to encircle the Russian Federation. At what point will Western journalists
and academic scholars admit that the convergence of EU authoritarianism and American hegemony propagates an internationalist
foreign policy, designed to isolate and destroy any opposition to this New World Order.
lesson of these failed attempts for economic bullying a country, with real weapons of mass destruction, has the potential
of starting a hot war. The essay, IMF and EU Capture of Ukraine, explains the circumstances and false justification of initiating
"regime change". This Ukraine flashpoint may well commence a tangible economic union among countries, who
recognize that American sanctions are nothing more than a desperate attempt to prop up a decaying globalist economic structure.
EU antagonism towards the citizens of their member countries is growing
expediently. Within this context, US sanctions hurt Europe
more than America.
Association of European Businesses (AEB), a Moscow-based business lobby, said that new US sanctions against Russia have a
more severe effect on European than on American business.
The AEB says
it "regrets" the US sanctions, and warns that they will stunt economic growth "not only in Russia".
"These sanctions are more focused on the partners of European businesses than on
the partners of American companies," the group said in a statement on Thursday."
Obama’s State Department bears a heavy responsibility for promoting
a civil war in Ukraine. Using sanctions to push Russia into accelerating a BRICS economic block will have far more adverse
effects than can be envisioned by the lunatic proponents of "selective" Free Trade. The moneychanger’s
financial system is imploding and their rescue plan requires a massive global crisis to bail out their "To Big to
Fail" model. Mutually productive commerce will be among the first causalities of the prelude to World War III. Soon
clamors for sanctions against American companies will begin, as the blame game diverts the real cause of this fabricated debacle.
James Hall – July 23, 2014
Subscribe to the BATR Realpolitik Newsletter
Discuss or comment about this essay on the BATR Forum