Now US finally calls a spade by the name spade---I had mentioned a number of times in the really early part of this thread that the US had to final ly call out Russia on it's open and blatant violation of the cruise missile development as part of their signing of the INF. That was the first true indication of where Putin was headed and we ignored it in order to do the reset thing.
Next they have to finally call Russia out in it's failure to have destroyed over 2000 tanks and APCs which they signed up to do under the OSCE as did and was carried out by the US and NATO---a lot of those OSCE scheduled T64/72s are now in the Ukraine.
So much for the "Russian reset"---the EU is talking actually about Putin having abused that reset.
Estimates of the coming sanctions are running in the 100B range over the next two years---a fifth of the Russian foreign currency reserves.
What is going to hurt is that by being cut off from the EU and US capital markets and currency exchange markets--Russia just cannot take the billions from their USD/Euro foreign currency reserves to prop up their economy---in order to do that they must cross over the sanctions which now they cannot do thus the Russian central bank is in one heck of a bind now. Maybe that is the reason for a lot of talk about a special tax on the rich?
http://news.yahoo.com/russia-violate...002749693.html
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