Friday, August 15, 2014

Sanctions watch August 15 , 2014 --- Europe fractures over Russian sanctions ( See Finland , Slovakia , Poland , Lithuania , Hungary ) , while other nations rush to void the food trade void left by EU blockage by Russia ( Brazil, Uruguay, Argentina, Chile, Paraguay, Ecuador, Colombia, Peru, Mexico, Sri Lanka, Turkey, Belarus, Kyrgyzstan, Mauritius, Mozambique and China. ) ...... Hungary's Orban offers common sense regarding the EU shooting itself in the foot with EU sanctions against Russia .....

Sanctions price breaking European solidarity against Russia ?


http://globaleconomicanalysis.blogspot.com/2014/08/finland-president-heads-to-russia-to.html


Thursday, August 14, 2014 10:23 PM


Finland President Heads to Russia to Meet Putin; Phone Rings in Switzerland Over Cheese


In a welcome development (except for warmongers and sanction lovers) Kremlin news reports President of Finland to Visit Russia on a Working Visit.
 The Heads of State will discuss the state and prospects of bilateral cooperation between Russia and Finland. Have in mind to pay attention and international issues. Among the issues - promoting peaceful settlement of acute political crisis in Ukraine deal with the humanitarian disaster.
Apparently Finland has decided its "small price" is too large. This is a step in the right direction. Hopefully all the sanctions collapse in a month or two with president Obama and senator McCain caught in the "fool's spotlight".

Don't like the source? Hey, we all know Russia never tells the truth. So please instead consider this Finnish translation: Niinist√∂ Will Meet Putin


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http://globaleconomicanalysis.blogspot.com/2014/08/rule-of-small-prices-european-sanction.html




Thursday, August 14, 2014 2:57 PM


Rule of Small Prices; European Sanction Solidarity Goes Up in Flames: Slovakia "We Can’t Sacrifice Our Interests in the Name of Some Duel"


Tit-for-tat sanction cracks widened to the breaking point today following a report Ukraine Approves Law on Sanctions Against Russia.

Europe is particularly concerned about a Ukraine statement that "European energy companies would have to agree major contract revisions when purchasing Russian natural gas if parliament approved sanctions on Gazprom."

Slovakia prime minister Robert Fico was so concerned he made a few common sense, yet very pointed statements to reporters in Bratislava.
  • Sanctions imposed by European Union and Russia against one another are "senseless on both sides and will lead to a weaker EU."
  • "I understand this is about principles, but I am far from believing in justice in international politics.”
  • "Isn't it strange that a country, which has signed an association agreement, a country, which we are all trying to help, is taking steps that jeopardize the interests of individual EU members?"
  • "We don’t want be held hostage by the Russian-Ukrainian conflict, we can’t sacrifice our interests in the name of some duel."

I picked those statements up from ZeroHedge who cites Bloomberg, but I can find no other reference.

Putin’s Trade Blow Throws Finland’s Exporters Into Shock 

One reader objected to my post 800 Finnish Dairy Workers Furloughed Due to Russia Sanctions, Others Fired; Brussels to Buy Fruit with Public Money because the source of the information was RT.

OK. Instead, please consider the even more damning Bloomberg article Putin’s Trade Blow Throws Finland’s Exporters Into Shock 

Fallout Unfair Says Finland, Lithuania, Poland

Also consider Russia Isolation Fuels Finnish Dismay as Fallout Seen Unfair


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Itar Tass......



Turkey to supply food to Crimea

 August 14, 18:22 UTC+4
Russian agricultural watchdog has recently visited Ankara where an agreement was reached to increase the number of food suppliers to Russia
Sergei Dankvert

Sergei Dankvert

© ITAR-TASS/Mikhail Metzel
MOSCOW, August 14. /ITAR-TASS/. Turkey wants to supply food to Crimea, Sergei Dankvert, the head of the Russian agricultural watchdog (Rosselkhoznadzor), said on Thursday.
“We have done a good job in searching for suppliers in Turkey given that we have a piece of land located right opposite Turkey and it should be provided with food,” Dankvert said at a teleconference on the situation in the food market held under the chairmanship of Vice-Premier Arkady Dvorkovich.
A Rosselkhoznadzor delegation has recently visited Ankara where an agreement was reached to increase the number of food suppliers to Russia.
Rosselkhoznadzor or the Federal Service for Veterinary and Phyto-Sanitary Control has held talks with 16 countries with an aim to ensure the Russian food market with alternative supply sources, Dankvert said.

Agricultural agency extends list of Brazil pork suppliers

 August 14, 17:30 UTC+4
Officials have also lifted temporary restrictions on imports of beef casings from a Brazilian enterprise, conditional on its meeting veterinary criteria
© EPA/ADRIAN BRADSHAW
MOSCOW, August 14./ITAR-TASS/. Veterinary standards officials have authorised four more Brazilian pork suppliers to serve the Russian market, bringing the number of approvals to 95 since the beginning of August.
Standards agency Rosselkhoznadzor will lift temporary restrictions on August 18 banning exports to Russia of pork and pork product from three enterprises of major supplier Brazilian Food Company (BRF S.A.). These were imposed after ractopamine a drug making animals more muscular was found in their products.
But suppliers have been ordered to tighten procedures to prevent use of the drug, banned in states of the Customs Union of Russia, Belarus and Kazakhstan, the agency reported on Thursday.
Officials have also lifted temporary restrictions on imports of beef casings from a Brazilian enterprise, conditional on its meeting veterinary criteria.
On August 6, Rosselkhoznadzor announced it was adding 92 enterprises to the list of about 50 Brazilian companies accredited for imports to Russia. These are 31 suppliers of beef by-products, 27 suppliers of poultry, 27 suppliers of beef, four suppliers of pork and by-products, and three suppliers of milk and dairy products.
Russia's government imposed a one-year ban on imports of beef, pork, poultry, fish, cheeses, fruit, vegetables and dairy products from Australia, Canada, the European Union.
“Restrictions come into force as of today for the period of one year, but if our partners display a constructive approach toward co-operation, the Russian government will be ready to revise the terms of the imposed measures,” Prime Minister Dmitry Medvedev said on August 7.

RIA Novosti.....


EU Shot Itself in Foot With Russia Sanctions – Hungarian Prime Minister

Topic: Sanctions Against Russia

Hungarian Prime Minister Viktor Orban believes that the EU is 'shooting itself in the foot' by imposing sanctions on Russia
13:50 15/08/2014
Tags: embargoeconomysanctionsEUViktor OrbanHungaryEuropeRussia
MOSCOW, August 15 (RIA Novosti) - The European Union shot itself in the foot by introducing economic sanctions against Russia, Reuters reported quoting Hungarian Prime Minister Viktor Orban’s Friday radio interview.
"The sanctions policy pursued by the West, that is, ourselves, a necessary consequence of which has been what the Russians are doing, causes more harm to us than to Russia. In politics, this is called shooting oneself in the foot," Orban said.
"The EU should not only compensate producers somehow, be they PolishSlovak, Hungarian orGreek, who now have to suffer losses, but the entire sanctions policy should be reconsidered," Orban added. The prime minister also stressed his willingness to try to alter Brussels’ policy of imposing anti-Russian sanctions and urged other leaders to join him.
Russia is one of Budapest’s key trading partners. In 2013, Russia was Hungary’s second-largest source of goods, accounting for 9.3 percent of imports, according to Observatory of Economic Complexity data.
The European Union and the United States have been imposing economic sanctions against Russia since its reunification with Crimea in March. The West did not recognize the independence referendum that allowed the peninsula to become part of Russia, while Moscow says the vote was legitimate. Responding to the latest wave of sanctions, Russia imposed a one-year ban on the import of a range of agricultural and food products from the United States, the European Union, Canada, Australia and Norway.