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New Russian sanctions bill to be signed by end of week – White House

OWoN: The ratchet is turning. The reality is a new Cold War is going to be in full bloom with all of its consequences. Wrecking economies will have huge consequences for vast millions. Why on earth, when the world needs trade and liquidity, do we we allow the Dumbkoff to meddle more?

Image: AFP

New Russian sanctions bill to be signed by end of week – White House

16 December 2014

A new bill imposing further sanctions on Russia is to be signed by US President Barack Obama by the end of the week, a White House spokesman told a news briefing Tuesday.

White House press secretary Josh Earnest said that Obama is expected to sign new legislation this week despite preliminary concerns about its content. “I would anticipate that it would get done before the end of the week,” he said.

However, he said that the bill has provided a degree of flexibility required by the president.

“That said, because it does preserve the president's flexibility to carry out the strategy, he does intend to sign the bill,” Earnest said.

Obama was under pressure from both Republicans and Democrats after the Senate granted final approval to the bill late Saturday. The bill will see some $350 million provided to Ukraine by way of assistance.

“On behalf of the people’s House, I urge President Obama to sign this bipartisan legislation,” House Speaker John Boehner said in a statement on Monday.

The bill would additionally require the further imposition of conditional sanctions on the defense sector, such as penalties on state-owned arms dealer Rosoboronexport (among other defense companies) as well as connected individuals.

The 'Ukraine Freedom Support Act' does not make sanctions fully obligatory and allows Obama to have power over which parts of the bill to enforce.

However, "it does send a confusing message to our allies because it includes some sanctions language that does not reflect the consultations that are ongoing," Earnest said.

The new sanctions come amid concerns over the stability of the Russian ruble, which nosedived Tuesday following a decline in oil prices and previous rounds of sanctions imposed by both the US and the EU.



  1. Oh, so the first round of sanctions backfired and now more? When are they going to learn that diplomacy will win out every time. These are diplomats, supposedly, not dictators or warmongers, acting in their own interests.

    It's not about them, it's about the power of the nation...which aMerica has dwindled to the status of a third world nation under this current leadership..."Are they smarter than a 3rd grader? Let them take the test!

  2. Obama signs Russia sanctions bill, no plans to use it for now

    US President Barack Obama has signed a bill that will allow the White House to levy further economic sanctions on Russia over Ukraine, though the Administration has said it has no immediate plans to introduce them.

    "My administration will continue to work closely with allies and partners in Europe and internationally to respond to developments in Ukraine and will continue to review and calibrate our sanctions to respond to Russia's actions," Obama said in a statement. "At this time, the Administration does not intend to impose sanctions under this law, but the Act gives the Administration additional authorities that could be utilized, if circumstances warranted."

    "We remain prepared to roll back sanctions should Russia take the necessary steps," he added.

    Obama urged for a "diplomatic solution" in accordance with the ceasefire signed in Minsk, which has not been fully complied with, by either the forces of the Kiev government or the Donbas region, where over 4,000 people have died in a conflict that has raged since spring.

    "We again call on Russia to end its occupation and attempted annexation of Crimea, cease support to separatists in eastern Ukraine, and implement the obligations it signed up to under the Minsk agreements," Obama said.

    The sanctions were to hit Russia’s state-owned energy and defense companies.

    US entities would be forbidden from investing in gas giant Gazprom, and the company would face additional sanctions if it broke off supplies to key eastern European countries, with whom it has squabbled repeatedly over price. Other sanctions would involve Russia’s arms exporter Rosoboronexport.

    Perhaps most crucially, organizations in the country’s embattled financial sector would be barred from dealing with any US banks, a measure similar to that faced by Iran at the low point of the fallout over its nuclear program.

  3. What Putin is not telling us

    The perfect storm evolves in two fronts; an overt economic war – as in siege by sanctions - and a concerted, covert, shadow attack to the heart of the Russian economy. Washington’s endgame is clear: impoverish and defang the adversary and force him to meekly bow to the ‘Empire of Chaos’s’ whims. And bragging about it all the way to “victory.”

    The problem is Moscow happens to have impeccably deciphered the game – even before Putin, at the Valdai Club in October, pinned down the Obama doctrine as “our Western partners” working as practitioners of the “theory of controlled chaos.”

    So Putin neatly understood this week’s monster controlled chaos attack. The Empire has massive money power; a great deal of influence over the world’s GDP at $85 trillion, and the banking power behind that. So nothing easier than using that power through the private banking systems that actually controls central banks to create a run on the ruble. Think about the ‘Empire of Chaos’ dreaming of driving the ruble down by 99% or so – thus wrecking the Russian economy. What better way to impose imperial discipline on Russia?

    The “nuclear” option
    Russia sells oil in US dollars to the West. Lukoil, for instance, would have a deposit in US dollars in an American bank for the oil they sell. If Lukoil has to pay wages in rubles in Russia, then they will have to sell the US dollar deposits and buy in Russia a ruble deposit for their bank account. This in effect supports the ruble. The question is whether Lukoil, Rosneft and Gazprom are hoarding US dollars overseas - and holding back. The answer is no. And the same applies to other Russian businesses.

    Russia is not “losing their savings”, as Western corporate media gloats. Russia can always require foreign companies to relocate to Russia. Apple, for instance, may open a manufacturing plant in Russia. The recent Russia-China deals include the Chinese building factories in Russia. With a depreciated ruble, Russia is able to force manufacturing that might have been located in the EU to be located in Russia; otherwise these companies lose the market. Putin somewhat admitted that Russia should have been demanding this much earlier. The – positive – process is now inevitable.

    And then there’s a “nuclear” option – which Putin didn’t even have to mention. If Russia decides to impose capital controls and/or imposes a “holiday” on repayment of larger debt tranches coming due in early 2015, the European financial system will be bombed – Shock and Awe-style; after all, much of the Russian bank and corporate funding was underwritten in Europe.

    Were Russia to deploy this “nuclear” financial option, the Western financial system would not be able to absorb a shock of default. And that would demonstrate – once and for all - that Wall Street speculators have built a ‘House of Cards’ so fragile and corrupt that the first real storm turns it to dust.

  4. Russian Nuclear Weapons In Cuba: Why Is The Public Not Outraged?

    So how does Obama plan on side stepping Congress and implementing his new love affair with the Cuban Communist regime? The pen and phone of course. The latest issue to divide us.

    President Barack Obama will ease sanctions imposed against Cuba under the U.S. embargo after Cuba agreed to release American aid worker Alan Gross.

    The agreement will deliver the most sweeping changes in the U.S. policy toward Cuba since the U.S. embargo on Cuba started in the early 1960s.

    You can be sure mainstream media will spin this as a positive for Obama. But remember mainstream media is a propaganda tool for this administration. There are a few issues that all Americans need to be made aware of before they draw any conclusions on whether Obama's latest deal with Cuba is good or bad.

    First, many people have no idea that Obama disabled our missile defense system on our southern border March 15th 2013. In reseaching this I discover it is almost erased from the internet, although I found this over at DC Clothesline.

    According to an email to employees of
    Exelis Systems Corp., the company that built and maintains the system, the
    government has requested the program be shut down on March 15.

    “(T)he system is capable of detecting low altitude aircraft at the radar’s
    maximum range by mitigating curvature of the earth and terrain masking
    limitations. TARS provides a detection and monitoring capability along the
    United States-Mexico border, the Florida Straits, and a portion of the
    Caribbean in support of the Department of Defense Counterdrug Program… In
    addition to its counterdrug mission, TARS surveillance data also supports North
    American Aerospace Defense Command’s air sovereignty mission for the
    continental United States.”

    “Not only will this closure mean hundreds of people will
    be out of jobs, but it also means our borders will not be safe, especially
    along the remote U.S. Mexico Border like in Texas. These defense radars detect
    low flying aircraft infiltrating our borders. Without these defense radars, low
    flying aircraft will go undetected. It will be open season for any
    drug/gun/slave smugglers, terrorists flying in with nukes, low altitude
    missiles, or even a full scale low elevation invasion/attack against America.”

    Most Americans have forgotten these actions by Obama or they never heard of this in mainstream media.

    The next issue that Americans still need to be aware of is the fact that Russia moved nuclear missiles into parts of Cuba in 2012. That's right 2012, so why would Obama disable our missile defense system in March of 2013 after knowing full well that Russia now has nuclear weapons in Cuba?

    Why is the public not outraged about Russian Nuclear weapons in Cuba? Because the public simply does not know about it or doesn’t believe it. (more)


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