#431384

Anonymous
Quote:
I don't see Russia benefiting at all from the sanctions, based on current reports. Putin's greatest success here is walling off the Russian economy and people from the rest of the world. No man is an island, especially in today's global marketplace. Who is Putin going to trade with? China? North Korea? Cuba? China's economy is very dependent on the West, so China needs to be careful.

Friday, the leaders of G-7 (Canada, France, Germany, Italy, Japan, the United Kingdom, the United States, the President of the European Council and the President of the European Commission), announced the imposition of more sanctions on Russia, which they said could come as early as Monday. G-7 Leaders Statement on Ukraine 4.25.14

Various sources reported Friday that Putin has cut all high-level communication with Washington over Ukraine. source

Also on Friday, the Wallstreet Journal reported on how Putin is blowing up Russia's economy: source

Yesterday (Friday), Standard & Poor’s cut Russia’s credit rating to one notch above junk.

"Gazprom Says Won't Halt Gas Flows to Europe Over Ukraine Gas Price Row"
Deputy CEO Says Can't Guarantee That Ukraine Won't Take Gas Destined For Europe – Wallstreet Journal – article

Shell Commited To Russia Expansion Despite Sanctions – See more at: http://www.rigzone.com/news/oil_gas/a/132635/Shell_Commited_To_Russia_Expansion_Despite_Sanctions/?all=HG2#sthash.UwyuNGLw.dpuf

Minister: Oil, Gas Firms Committed To Russia Despite Sanctions – See more at: http://www.rigzone.com/news/article.asp?a_id=132633#sthash.DdapYhij.dpuf

Russia, China Aim to Finish Gas Talks before Putin's May Visit – See more at: http://www.rigzone.com/news/article.asp?a_id=132546#sthash.OiFHM0kN.dpuf

Report: Russia's Yamal LNG Chooses Gas Carriers
http://www.rigzone.com/news/article.asp?a_id=132717

Russia's Putin Wants Beefed-Up Presence In Arctic
http://www.rigzone.com/news/article.asp?a_id=132698

Minister: Turkey, Russia Agree on Boosting Blue Stream Gas Pipeline – See more at: http://www.rigzone.com/news/article.asp?a_id=132655#sthash.qles6txG.dpuf