Russian Sanctions Likely To Remain In Effect, But Ineffective

Peter's Commentary: The economic sanctions that have been imposed on Russia are likely to remain in place. At least until the cease-fire in Ukraine is working properly. Angela Merkel stated today that it would be premature to ease any pressure on Moscow at this stage. European governments have been trying to decide whether to renew the sanctions, which are currently due to expire at the end of … [Read more...]

Russia’s Gazprom Retaliates: Cuts Poland’s Gas Supplies By 24%

Peter's Commentary Last week Europe warned that it will impose a more serious set of sanctions that will impact Russia's large energy companies. In response to this warning, Gazprom took steps to decrease gas supply to Poland on Sept 8 and 9 by 20 to 24% respectively. From Gazeta.ru. 09/10/2014 Poland has suspended gas supplies to Ukraine in reverse flow. This was stated by the head of … [Read more...]

Imposing Sanctions on Russia Could Sink the Dollar and the US Economy

Peter's Commentary: Ron Paul warns that the sanctions against Russia are liable to cause more countries to stop using the US dollar for transactions thereby decreasing its value dramatically. From the Ron Paul Institute, August 10, 2014: The US government's decision to apply more sanctions on Russia is a grave mistake and will only escalate an already tense situation, ultimately … [Read more...]