Thursday 3 July 2014

ARE ANTI-PUTIN SANCTIONS BITING ?

When President Putin of Russia suddenly stopped the ethnic-Russian President of Ukraine, Viktor Yanukovych, from leading his country to join the EU, immediate revolts followed and Yanukovych fled Ukraine to save his skin !  

In the mayhem that followed Putin illegally annexed Crimea, to "correct an error" 40 years earlier !  His power was at its zenith, but he has since been forced to abandon dreams of annexing East Ukraine where ethnic-Russians are in the majority. 

To harness his "dreams" the West have gradually imposed tighter sanctions on Putin and his oligarch circle of friends.  Anyone in the West can read articles on the internet which state that Putin, the Communist President of Russia, has a personal fortune of 35 Billion Euros. 

The latest sanctions have rendered the use of Credit Cards by Putin and his Oligarch friends, useless !  Are tighter sanctions now "biting" ?

Putin still has the Siberian Gas card to play during the coming winter months !  Germany, and Chancellor Merkel in particular, know this well !  At the present moment there are high level talks with Russia about the future of Ukraine.  The unpaid Russian Bills for Gas by Ukraine must be on the Agenda !

                                                                     

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