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Caucasus/Russia/Central Asia
Putin Ally Suggests US Sanctions On His Bank Have Backfired
2014-03-24
[Ynet] An ally of Russian President Vladimir Putin
...Second and fourth President of the Russian Federation and the first to remain sober. Putin is credited with bringing political stability and re-establishing something like the rule of law, which occasionally results in somebody dropping dead from polonium poisoning. Under Putin, a new group of business magnates controlling significant swathes of Russia's economy has emerged, all of whom have close personal ties to Putin. The old bunch, without close personal ties to Putin, are in jail or in exile or dead...
who heads a bank that was hit by US sanctions over the Crimea crisis suggested on Sunday the move had backfired by helping him win new clients.

Yuri Kovalchuk, chairman of Bank Rossiya, also used a rare television appearance to make clear that other wealthy Russians should show their patriotism during the crisis.
Posted by:trailing wife

#2  As I said before to people about sanctions... Do you really believe that Putin, a man that has planned the rise of Russia since last decade and has played rope a dope with two presidents didn't plan on things like this?

Even if there was short term pain, he would have calculated it was worth the medium to long term cost.

Looks like yet again the State Department amateur hour.
Posted by: DarthVader   2014-03-24 12:15  

#1  He just realized the US dollar is worth crap, the problem being getting away cleanly. The sanctions gave him the excuse he needed. They'll invest again, but they'll avoid treasury bonds.
Posted by: ed in texas   2014-03-24 07:19  

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