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Word out this morning is that both the UK and Germany are going to oppose anti-Russian trade sanctions. Maybe Obama needed to spend more time strengthening the NATO alliance?
Thomas Sowell: There are no solutions, just trade-offs.
Whatevergreen wrote: Source Fred?
Russia will stop the gas pipeline to Ukraine and the rest of Europe if he wants. They should be a little worried.
"The government will not curb trade with Russia or close London's financial centre to Russians as part of any possible package of sanctions against Moscow, according to an official document."
"According to the Wall Street Journal, Phillip Missfelder, a senior member of the German legislative body, said, “Economic sanctions against Russia would damage Germany itself. Sanctions are always bad for Germany as an export-driven nation.” He later added that they “are currently not an option.” German Foreign Minister Frank-Walter Steinmeier also said on Sunday that the G7 countries should not kick Russia out of the G8, as the U.S. has threatened."
Whatevergreen wrote: Russia will stop the gas pipeline to Ukraine and the rest of Europe if he wants. They should be a little worried.
And the Russians do not have the kind of effect on gas as you may think or want to believe.
Other, structural changes have lessened the potential impact on Europe of a disruption to Russian gas supplies through Ukraine. New Gazprom pipelines via Belarus and the Baltic Sea to Germany (Nord Stream) have cut the proportion of Gazprom's Europe-bound exports that transit via Ukraine to around half the total, meaning only about 15% of Europe's gas now relies on Ukraine's pipelines. Gazprom is also planning to start work in 2015 on a Black Sea pipeline (South Stream), meaning its exports to Europe will eventually bypass Ukraine completely. Ukraine itself has cut its domestic gas consumption by nearly 40% over the past few years, halving its imports from Russia in the process.
Like I said in another thread. A smart foreign takes a good understanding of history and the current state of world affairs. That knowledge seems to be lacking among certain people.
Russia can also sell their gas and oil to China. Pipelines would be pretty easy to build since they don't have to worry about Obama dithering to approve them.
Thomas Sowell: There are no solutions, just trade-offs.
Russian soldiers have not occupied government buildings and surrounded Ukrainian military bases on the Crimean Peninsula, Russian President Vladimir Putin insisted Tuesday during a news conference near Moscow at which he gave an account of recent events that contradicts reports from the ground.
Instead, he told reporters that the heavily armed men are "local self-defense forces."
What's more, anything Russia has done, Putin said without offering specifics, has been part of a "humanitarian mission" to protect ethnic Russians in Crimea.
I'll admit that Barry is better at one thing, he lies more than Putin.
I can explain it to you but I can't understand it for you.
"Any man who thinks he can be happy and prosperous by letting the Government take care of him; better take a closer look at the American Indian." - Henry Ford
Corruptissima re publica plurimae leges; When the Republic is at its most corrupt the laws are most numerous. - Publius Cornelius Tacitus