Seeking Alpha

Russia faces further sanctions but escapes wide-ranging action, for now

  • The U.S. and EU are set to impose new targeted sanctions on Russia tomorrow that would hit more individuals with travel bans and asset freezes.
  • The proposed action would come after the G7 concluded that Russia hasn't met its pledge to "de-escalate" the conflict with Ukraine.
  • However, any moves wouldn't target broad sections of Russia's economy, as Ukraine has demanded. While the U.S. and EU have made noises about wider-ranging action, individual EU countries fear the consequences for their economies. Businesses, especially in the energy sector, have been lobbying to limit the sanctions.
  • Meanwhile, Ukraine and Slovakia are tomorrow set to sign a limited reverse-flow agreement that would supply natural gas to Ukraine, which is looking to reduce its reliance on Russia for its energy needs.
  • More on Ukraine
  • ETFs: RSX, RUSL, ERUS, RUSS, RSXJ, RBL, GUR, ESR, RUDR
From other sites
Comments (21)
  • WisPokerGuy
    , contributor
    Comments (941) | Send Message
     
    This shouldn't come as any big surprise to anyone. All the EU countries are afraid of Russia because as in any situation like this... money talks. The Ukraine has been "run over" in history for the last 5000 years in one way or another. This is just the latest example. Sad.
    27 Apr 2014, 02:15 AM Reply Like
  • JANFA
    , contributor
    Comments (94) | Send Message
     
    .....and Angela Merkel should reconsider shutting down nuclear reactors.
    27 Apr 2014, 07:09 AM Reply Like
  • Moon Kil Woong
    , contributor
    Comments (11423) | Send Message
     
    Sanctions mean nothing unless they hit the people responsible. NATO including the US are so in fear of economic effects of Russia they won't even sanction Putin. Weak is not the word for it. Meaningless is the word and shows how little Europe or the US cares about Ukraine or freedom in Eastern Europe.
    27 Apr 2014, 09:43 PM Reply Like
  • Matthew Davis
    , contributor
    Comments (4186) | Send Message
     
    Weak
    27 Apr 2014, 09:30 AM Reply Like
  • Sakelaris
    , contributor
    Comments (1591) | Send Message
     
    The US efforts to play with a resumed Cold War here are very unwise. This is not a matter of trying to secure a far-off place in a global power game, no, this land was unwisely included in 1991 within the eastern borders of Ukraine, yet most of the people are Russian there and they and their friends in Russia will fight if necessary.

     

    None of our toughest Cold War presidents would have tried a crazy policy this far east.

     

    The disputed land was even part of the Russian nation from the 1740s to 1991, and with the coming to power of a violent anti-Russian group of Ukrainian extremists in Kiev, it looks like it will become part of Russia again--unless the Ukrainians quickly can do a federation deal and stick with it.

     

    Economic sanctions will be a joke. All companies and so-called allies will be constantly looking for ways to get out of them.
    27 Apr 2014, 10:06 AM Reply Like
  • Aasmul
    , contributor
    Comments (64) | Send Message
     
    "Unwisely included in 1991"? Its a historic part of the Ukrainian predecessor states not Muscovite Russia, which is reflected in the population's ethnicity composition despite multiple genocides under the USSR. If Zarist Russia and USSR was the definition for "historical Russia" you could hand over Alaska and most of Eastern Europe to Putin aswell. India isn't part of the UK either despite having been part of the British empire. In none of the regions in eastern Ukraine is the ethnic Russians the majority despite Stalin's best attempt at exterminating the locals, speaking Russian as main language is not the same as being ethnic Russian or feeling Russian. The overwhelming majority of the people living there have no wish to become part of the corrupted Russian state despite the claim of some former USSR specialops/soap fabricant currently posing as self(read Russian) proclaimed "peoples mayor" in a certain east Ukrainian town.
    27 Apr 2014, 11:14 AM Reply Like
  • Ethics-
    , contributor
    Comments (115) | Send Message
     
    Then why is the US pushing for sanctions?
    27 Apr 2014, 12:42 PM Reply Like
  • P.Jakubovs
    , contributor
    Comments (12) | Send Message
     
    Because time is runnig out. If by the May 25th conflict won't be resolved - can't imagine elections in a country where half of it is in the state of civil war.

     

    The Ukrane also doesn't want a referendum on federalisation - there might be legal problems (or benefits, depending which side you are in :) ) regarding Crimea joining Russia.

     

    But still as Russia has to hold on for a month it will be interesting to watch moves from both sides.

     

    Long on rubble against basket (USD and EUR)
    27 Apr 2014, 02:14 PM Reply Like
  • Sakelaris
    , contributor
    Comments (1591) | Send Message
     
    The extreme Ukrainian hatred for Russia expressed in the above post is actually an argument in favor of the idea of Ukrainians and Russians living in separate nations, with neither group living in large numbers in the other's nation.

     

    Also, we can see here how it is typical for national advocates to play fast and loose with ethnic numbers. Hopefully, few will believe Aasmul's claim that the Russians are a minority in all regions in the eastern part of Ukraine.

     

    Ukraine will do best by allowing a peaceful adjustment of the border. But Aasmul sounds like he wants to fight. Go ahead, Aasmul, go there and fight--but leave out the Americans.
    27 Apr 2014, 02:30 PM Reply Like
  • just read the instructions
    , contributor
    Comments (181) | Send Message
     
    A lot could be learnt from the civil wars in the past if people would not be so damn stupid. Look how much pain was created in ex-Jugoslavia or Syria: Death, torture, rape, trauma in many families till the end of their days. Pain hatred and crippled lifes.
    No nation, no job, no home, no land, no religion is worth that price.
    27 Apr 2014, 04:07 PM Reply Like
  • Aasmul
    , contributor
    Comments (64) | Send Message
     
    "The extreme Ukrainian hatred for Russia expressed in the above post is actually an argument in favor of the idea of Ukrainians and Russians living in separate nations, with neither group living in large numbers in the other's nation. "
    Lol, Im Danish not Ukrainian and got no problem with Russians what so ever(know a few Russians, and Russian history is actually one of my pet pevees, spent a couple hundred hours drawing maps of medival Russian principalities last spring) ;) But I dislike revisionism and that's what you did my friend.

     

    "Hopefully, few will believe Aasmul's claim that the Russians are a minority in all regions in the eastern part of Ukraine. "
    Eh source please? one of the Eastern regions got 39% one 37% and all the rest less than 30% ethnic Russians. Where exactly is that ethnic Russian majority?

     

    "Ukraine will do best by allowing a peaceful adjustment of the border. " Yes lets an expansionist totalitarian state annex parts of its neighbours because they got a minority population living there. Sudetenland anyone?
    Will we then get "Peace in our lifetime" and all that Jazz?

     

    "But Aasmul sounds like he wants to fight. Go ahead, Aasmul, go there and fight--but leave out the Americans. "
    Who knows, afterall we Danes usually fight for the Americans in their wars anyway.
    27 Apr 2014, 05:10 PM Reply Like
  • Sakelaris
    , contributor
    Comments (1591) | Send Message
     
    The Ukrainian ethnic group is, according to the 2001 Ukrainian census, a minority in some of the easterly "oblast" designations of that nation.

     

    Crimea: 10.1%--Already re-annexed by Russia
    Donetsk: 24.1%
    Lugansk: 30.0%

     

    And in three other eastern or southern oblasts, the population is fairly evenly split, although closer study might determine more localized Russian and Ukrainian majorities. I recall the peaceful separation of the Czechs and Slovaks in the 1990s, but in these eastern and southern oblasts, it appears that the Ukrainians want all or nothing. They might end up with nothing.

     

    The Sudetenland analogy is a tacky one when used to defend an insurgent government that has a number of prominent neo-Nazis in its street mobs and even in its government.
    27 Apr 2014, 09:17 PM Reply Like
  • Aasmul
    , contributor
    Comments (64) | Send Message
     
    "The Ukrainian ethnic group is, according to the 2001 Ukrainian census, a minority in some of the easterly "oblast" designations of that nation.
    Crimea: 10.1%--Already re-annexed by Russia
    Donetsk: 24.1%
    Lugansk: 30.0%"

     

    Hate to bring it to you, but what you are quoting is the 2001 census record for "primary language" not the record for " what ethnicity they identify themselves with";)

     

    The 2001 census numbers for that are:
    Crimea: 24.4%(Ukranian) 58.5%(Russian)
    Donetsk:56.9%(Ukranian) 38,2%(Russian)
    Lugansk:58 %(Ukranian) 39%(Russian).

     

    "The Sudetenland analogy is a tacky one when used to defend an insurgent government that has a number of prominent neo-Nazis in its street mobs and even in its government"
    Yes they are all Nazis Im sure, while the peace loving Russian separatist in all new Russian combat gear, and their cheery whip carrying Cossaks shipped in from Russia got no nationalistic or fascistic tendencies at all.
    28 Apr 2014, 06:29 AM Reply Like
  • Sakelaris
    , contributor
    Comments (1591) | Send Message
     
    I have not come upon such self-assuredness about a position since the early days of the US combat effort in Vietnam.

     

    So go ahead, Aasmul, go fight. Many of us have no desire to turn the world upside-down for the sake of those insurgents in Kiev (many with neo-Nazi displays) who overthrew their government and voted to take away Russian language rights. But you go on in there.
    28 Apr 2014, 09:49 AM Reply Like
  • Matthew Davis
    , contributor
    Comments (4186) | Send Message
     
    Where else in the world will white people kill other white people based on the ending of their names? Are you a 'kov or a 'vic or maybe a 'ski oh boy this could get ugly.
    28 Apr 2014, 12:02 PM Reply Like
  • User 353732
    , contributor
    Comments (4966) | Send Message
     
    Russia will not be deterred because it knows that the US Regime is a bully at home and a coward at abroad; EU members care little about the Ukraine or Latvia and Estonia and have neither the appetite nor ability to intimidate Russia commercially or financially. In any event the Germans have considerably sympathy for the idea of Nationhood based on ethnic, linguistic and cultural commonality.
    Japan is rapidly becoming irrelevant geo strategically and is far more concerned about protecting itself from China than protecting the Ukraine from Russia.
    27 Apr 2014, 10:57 AM Reply Like
  • Paulo Santos
    , contributor
    Comments (22952) | Send Message
     
    OMG, more travel bans and asset freezes, OMG!

     

    It's almost a joke, some of the people being hit with these sanctions actually carry them as a badge of honor ...
    27 Apr 2014, 11:34 AM Reply Like
  • PSalerno
    , contributor
    Comments (3935) | Send Message
     
    True, Mr. Santos, these sanctions are just to keep up with the appearances, to save credibility, serious sanctions would be an idiocy.
    27 Apr 2014, 11:39 AM Reply Like
  • Patent News
    , contributor
    Comments (1372) | Send Message
     
    sanctions are a good idea.

     

    if russian financial firms had correspondent accounts frozen, their markets would drop even harder than before.
    27 Apr 2014, 02:08 PM Reply Like
  • PeteCal
    , contributor
    Comments (90) | Send Message
     
    It is all stupidity! Why are they wasting their time, energy, and resources like this? They should be working together to build an economy and better life for themselves and their families. Not fighting each other.
    Stupid national/ethnic ties do more harm then good.
    I makes me sick.
    28 Apr 2014, 09:41 AM Reply Like
  • Physical Receipt
    , contributor
    Comments (867) | Send Message
     
    There's no telling what a nationalistic sociopath like Putin is ultimately capable of. Damaging his nations economy badly is of minor consequence to him..
    29 Apr 2014, 12:21 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs