Giving tit for tat or panic?

[Samuel Nixon]

"If Russia's intention is to put pressure on the EU to ease sanctions then this is not the way to do it"

Russia Imposes Entry Ban On 89 European Leaders

"In response" to sanctions Putin decided to repay in kind.
It occurred to me that that sanctions desired to irreparably damage russian economy are no longer effective as they were in the beginning (December). Moreover, if the laws of market can not be changed just in a blink of eye.
I don't carry about Russia but what I really carry about is Europe - they suffer more and more from the things desired to win the day.

What is your attitude to these sanctions? Any ideas what may replace them?

 

[eagle1462010]

It's more than likely Butt Hurt policy over the FIFA scandal.............and/or the sanctions/the loss of value of the Rubble on world Markets via OPEC lowering Global Oil prices by increasing production.....................

It really changes nothing..........except incites a war of words.............

It will cause more retaliation, and Russia can't afford to lose more on the economy.

Putin Defends FIFA In Fear Russia Might Lose 2018 World Cup - Forbes

The Engineered Decline in Oil Prices Economic Warfare is the West s Main Weapon Global Research - Centre for Research on Globalization

even the upper echelons of the transnational economic elite, like the head of the IMF, found also difficult to disguise their joy in describing the impact of this event. Thus, as Christine Lagarde explained, a 30 percept drop in oil prices translates into a 0.8 percent boost in growth for “most advanced economies,” and “probably 0.6 percent for the US,” and then she went on to elaborate as follows the implications for US and Russia:

For the United States, low energy prices could help to stimulate growth to 3.5 percent next year from the October forecast of 3.1 per cent… For Russia, exports of oil and gas equate to 68 per cent of Russia’s total exports, and 50 per cent of its federal revenues. Russia has already spent almost $90 billion from its currency reserves in 2014, or 4.5 per cent of its economy to support plunging rubble that has lost more than 40 per cent from the start of the year.[5]

 

[eagle1462010]

Rouble rubble jihad and sliding oil Here s how the west is shooting itself in the foot

In order to teach the Russians a lesson for meddling with Ukraine and annexing Crimea, America and Europe are busy imposing economic sanctions against it and forcing oil prices down. Reason: Russia needs oil to be selling at over $100 to earn enough to pay its bills. The economic sanctions against Russia are also intended to hurt – and this is happening, as is clear with the reduction of the rouble to rubble over the last few months.

But it is one thing to punish an aggressor, quite another to punish him without hurting yourself. But this is exactly what Europe and America have achieved. Sanctions do not hurt only the target economy: it means you hurt yourself by not being able to do business with Russia. Most of Europe is linked to Russia through the energy trade. A collapse of Russia means one more market gone.

Any kind of trade war cuts both ways.

 

[RoshawnMarkwees]

Rouble rubble jihad and sliding oil Here s how the west is shooting itself in the foot

In order to teach the Russians a lesson for meddling with Ukraine and annexing Crimea, America and Europe are busy imposing economic sanctions against it and forcing oil prices down. Reason: Russia needs oil to be selling at over $100 to earn enough to pay its bills. The economic sanctions against Russia are also intended to hurt – and this is happening, as is clear with the reduction of the rouble to rubble over the last few months.

But it is one thing to punish an aggressor, quite another to punish him without hurting yourself. But this is exactly what Europe and America have achieved. Sanctions do not hurt only the target economy: it means you hurt yourself by not being able to do business with Russia. Most of Europe is linked to Russia through the energy trade. A collapse of Russia means one more market gone.

Any kind of trade war cuts both ways.

I don't think the Russian economy is large enough to have that kind of effective leverage.

 

[depotoo]

How is this effecting Europe? I see nothing of significance.

 

[hipeter924]

Simple reason is that Russia wants to feed more propaganda to its populace, easiest way is to go after more foreigners by banning all the ones that criticize Russia.

 

[hipeter924]

Rouble rubble jihad and sliding oil Here s how the west is shooting itself in the foot

In order to teach the Russians a lesson for meddling with Ukraine and annexing Crimea, America and Europe are busy imposing economic sanctions against it and forcing oil prices down. Reason: Russia needs oil to be selling at over $100 to earn enough to pay its bills. The economic sanctions against Russia are also intended to hurt – and this is happening, as is clear with the reduction of the rouble to rubble over the last few months.

But it is one thing to punish an aggressor, quite another to punish him without hurting yourself. But this is exactly what Europe and America have achieved. Sanctions do not hurt only the target economy: it means you hurt yourself by not being able to do business with Russia. Most of Europe is linked to Russia through the energy trade. A collapse of Russia means one more market gone.

Any kind of trade war cuts both ways.

I don't think the Russian economy is large enough to have that kind of effective leverage.

Russia can't get ahead because its government is a mafia, that goes around nationalizing companies and persecuting foreigners.

 

[RoshawnMarkwees]

Rouble rubble jihad and sliding oil Here s how the west is shooting itself in the foot

In order to teach the Russians a lesson for meddling with Ukraine and annexing Crimea, America and Europe are busy imposing economic sanctions against it and forcing oil prices down. Reason: Russia needs oil to be selling at over $100 to earn enough to pay its bills. The economic sanctions against Russia are also intended to hurt – and this is happening, as is clear with the reduction of the rouble to rubble over the last few months.

But it is one thing to punish an aggressor, quite another to punish him without hurting yourself. But this is exactly what Europe and America have achieved. Sanctions do not hurt only the target economy: it means you hurt yourself by not being able to do business with Russia. Most of Europe is linked to Russia through the energy trade. A collapse of Russia means one more market gone.

Any kind of trade war cuts both ways.

I don't think the Russian economy is large enough to have that kind of effective leverage.

Russia can't get ahead because its government is a mafia, that goes around nationalizing companies and persecuting foreigners.

Just like their good ol' days.

 

[Samuel Nixon]

How is this effecting Europe? I see nothing of significance.

The economies of European countries directly depend on Russia's markets and not only oil and (mainly) gas Europe is in great necessity with but in the number of other things.
Their markets depend on each other, Russia is no longer a separate country, they are a part of a World Market.

Even the US keeps on buying aircraft engines in Russia, sanctions aside.

We need to negotiate.

 

[depotoo]

Natural gas is available from more places than just Russia.

Since you seem to be concerned, possibly it is Russia that is shooting itself in the foot... Seems Russia needs the global markets more than Europe needs Russian oil and gas...

How is this effecting Europe? I see nothing of significance.

The economies of European countries directly depend on Russia's markets and not only oil and (mainly) gas Europe is in great necessity with but in the number of other things.
Their markets depend on each other, Russia is no longer a separate country, they are a part of a World Market.

Even the US keeps on buying aircraft engines in Russia, sanctions aside.

We need to negotiate.

 

[danielpalos]

i believe in more tit than more tat.