Putin Talks With Ukraine's Leader

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Putin talks with Ukraine's leader
 Leviathan.Chaosx
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By Leviathan.Chaosx 2014-08-30 10:52:34
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We've had the Telegraph and MSNBC, might as well complete the cycle with The Daily Beast.

Quote:
Russian President Vladimir Putin ratcheted up his rhetorical-historical claims on eastern Ukraine Friday, even as pro-Russian rebels and their allies among the separatist rebels pushed forward there with a new offensive.

The lead headline on the Kremlin’s own Web site declared that Putin had “addressed the Novorossiya militia,” a clear and unequivocal sign that Putin is putting his own prestige on the line to back the separatist movement. That fact will make it harder for him to back down (if he had any such inclination) and therefore much harder for an increasingly fretful Europe and the United States to come to terms with him.

The statement made it obvious Putin does not consider the southeastern regions of Ukraine to be sovereign, but sees them, still, as part of Russia’s once and future empire. Putin even offered, in a gesture of noblesse oblige, to help evacuate Ukrainian soldiers trapped by the militias and troops he supports.

Praising these pro-Russian fighters, Putin highlighted their “major success in intercepting Kiev’s military operation, which represents a grave danger to the population of Donbass [that is, eastern Ukraine] and which has already led to the loss of many lives among peaceful residents.”

After months fed a constant diet of relentless, intensive reporting and propaganda about the suffering of Russian speakers in eastern Ukraine, a majority of Russians now share Putin’s point of view and agree that Russia should be supporting “Novorossiya,” a shift from previously tepid Russian public support for the separatist cause. Independent social polls by the Levada Center showed that 64 percent of Russians blamed the West for the conflict in Ukraine, and 55 percent of respondents thought that Russia should be supporting pro-Russian rebel forces in the southeast.
Putin Mocks the West, Puts His Own Prestige on the Line
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By Leviathan.Chaosx 2014-08-30 11:11:39
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Appropriately titled, The Motley Fool.

Quote:
But can sanctions truly suffice to curb Russian aggression in Ukraine?

Survey says...
Perhaps not. Last week, Singaporean wealth-research firm Wealth-X published the results of a survey of how Russia's business billionaires have fared under the current sanctions regime -- which has been ratcheting up the pressure ever since Russia invaded Crimea back in March.

Oligarchs like Alisher Usmanov, Viktor Vekselberg, and Mikhail Fridman -- in theory, these are folks with the most to lose from economic sanctions imposed upon Russia. They're the people that many experts hope will ultimately pressure President Putin to pull back from his Ukrainian adventure. But according to Wealth X, Russia's oligarchs are weathering the economic storm quite handily.

Indeed, based on data current as of Aug. 21, Wealth X reports that Russia's top 10 "richest tycoons" have seen their net worths swell by $3 billion since the March invasion of Ukraine.

Results may differ
True, individual oligarchs have been hurt somewhat. Investment banker Gennady Timchenko, for example, is reported to have lost $1 billion over the past five months, and is now worth "only" $12.2 billion, while Renova Group owner Viktor Vekselberg has lost about $300 million. But Alfa Group founder Mikhail Friedman has suffered no net loss whatsoever. Nor has metals and mining kingpin Alisher Usmanov, reportedly Russia's richest man.

Meanwhile, both Novatek CEO Leonid Mikhelson and metals magnate Vladimir Potanin have seen their wealth swell by more than $1 billion apiece -- and as a whole, the group is wealthier today than they were before Ukraine burst into flame. Here's how the numbers break down.



What it means for investors
Thursday was a miserable day for U.S. stock investors owning foreign-listed shares of popular Russian stocks, with telecom holdings Mobile TeleSystems (NYSE: MBT ) and VimpelCom (NASDAQ: VIP ) both down about 2%, Internet search firm Yandex (NASDAQ: YNDX ) off 2%, and financial services provider Qiwi (NASDAQ: QIWI ) sliding a distressing 5%-plus.

So far, though, Russia's richest men aren't feeling your pain. To the contrary, they're sitting pretty. Until that changes, U.S. investors may just have to grin and "bear" the pain of investing in Russian stocks.
Russia's Richest Get Richer -- Have the Sanctions Failed?
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By Odin.Jassik 2014-08-30 11:34:17
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Their wealth growth is irrelevant unless compared relatively to what it would/could have grown without sanctions. That's not to say that the sanctions have had the intended effect, but it's much the same as claiming ASA caused premiums to increase by 7% this year, when that's the lowest growth in a decade.
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By Leviathan.Chaosx 2014-08-30 11:44:21
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Odin.Jassik said: »
Their wealth growth is irrelevant unless compared relatively to what it would/could have grown without sanctions. That's not to say that the sanctions have had the intended effect, but it's much the same as claiming ASA caused premiums to increase by 7% this year, when that's the lowest growth in a decade.
Not at all the same thing. Increasing the price of a natural resource that's mainly mined Russia will only make them richer than if there were no sanctions.

Just like forcing them to sell oil and natural gas in Rubles and Yuan will only make them more competitive against the dollar.
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By Odin.Jassik 2014-08-30 12:36:20
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Leviathan.Chaosx said: »
Odin.Jassik said: »
Their wealth growth is irrelevant unless compared relatively to what it would/could have grown without sanctions. That's not to say that the sanctions have had the intended effect, but it's much the same as claiming ASA caused premiums to increase by 7% this year, when that's the lowest growth in a decade.
Not at all the same thing. Increasing the price of a natural resource that's mainly mined Russia will only make them richer than if there were no sanctions.

Just like forcing them to sell oil and natural gas in Rubles and Yuan will only make them more competitive against the dollar.

You seem to have a pretty loose grasp on how commodities work, but I wasn't talking about the function of sanctions, I was talking about the method of reporting an increase without comparing it to the rates of increase of a control. That's the point, saying that their net worth rose 3% is disingenuis as proof of the sanctions not working if you don't comment that their net worth was growing at X% BEFORE the sanctions. It very well could be helping them, but they could also have had a net worth growth of 10% a year prior to the sanctions, meaning that the sanctions have drastically affected their wealth growth. Their worth doesn't even have to change for it to be successful, by effectively freezing their wealth growth, it could have the intended effect.
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By Leviathan.Chaosx 2014-09-05 05:11:34
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Hopefully there will be more sanctions very soon. I could always go for some more money.
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By Leviathan.Chaosx 2014-09-05 08:59:35
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Undisputed proof:

 Odin.Godofgods
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By Odin.Godofgods 2014-09-10 13:49:21
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Quote:
Ukraine says Russia withdrawing forces from east, sees boost for peace

KIEV (Reuters) - Ukraine's president said on Wednesday Russia had removed the bulk of its forces from his country, raising hopes for a peace drive now underway after five months of conflict in which more than 3,000 people have been killed.

Moscow denies sending troops into eastern Ukraine to support pro-Russian rebels battling Ukrainian forces, despite what Kiev and its Western backers say is overwhelming evidence to the contrary. Moscow also denies arming the separatists.

President Petro Poroshenko told a televised cabinet meeting Ukraine would remain a sovereign, united country under the terms of a peace roadmap approved last Friday, but said parts of the east under rebel control would get special status.

"According to the latest information I have received from our intelligence, 70 percent of Russian troops have been moved back across the border," he said. "This further strengthens our hope that the peace initiatives have good prospects."

However, Poroshenko said the ceasefire was not proving easy to maintain because "terrorists" were constantly trying to provoke Kiev's forces.

Ukraine's military recorded at least six violations of the ceasefire overnight but said there were no casualties. Five servicemen have been killed during the ceasefire, Ukraine says. A civilian was also killed at the weekend during shelling of the eastern port of Mariupol.

Poroshenko said Ukraine was regrouping its forces in eastern Ukraine, not in preparation for a new offensive against the rebels, as the separatists themselves have suggested, but in order to defend territory from possible attack.

The Kremlin said Russian President Vladimir Putin and Poroshenko were broadly satisfied with how the ceasefire, in place for nearly five days, was holding in Ukraine. The two leaders spoke by phone on Tuesday for the second time this week.

OLIVE BRANCH

In his televised remarks, Poroshenko offered the rebels an olive branch by saying he would propose a bill next week offering "special status" to parts of the Donetsk and Luhansk regions of eastern Ukraine they now control.

But he was adamant in rejecting the separatists' demands for full independence for their regions and the kind of radical "federalization" favored by Russia.

"The Minsk protocol envisages the restoration and preservation of Ukrainian sovereignty on all the territory of the Donbass (in eastern Ukraine), including that controlled by the fighters," Poroshenko said.

"There is no question of federalization or separation of any Ukrainian territory."

The conflict in Ukraine has plunged relations between Russia and the West to their lowest point since the Cold War.

Putin accused NATO on Wednesday of using the Ukraine crisis to "resuscitate itself". He also signed a decree taking direct charge of a commission that oversees Russia's defense industry as Moscow tries to reduce reliance on Western equipment.

At a summit last week in Wales, NATO pledged support for non-member Ukraine in its efforts to tackle the separatist rebellion and announced plans to beef up the defense of alliance members in eastern Europe, including the Baltic republics.

The European Union and United States have imposed economic sanctions against Russia over its role in Ukraine, prompting Moscow to retaliate by banning most Western food imports.

The EU has prepared another wave of sanctions targeting Russia's banking and energy sectors but has held off implementing them to see whether the ceasefire holds.

German Chancellor Angela Merkel, the EU's most powerful leader, said in Berlin that the 28-nation bloc should go ahead with the new sanctions, adding it could always suspend them later if there was progress towards a durable peace in Ukraine.

Poroshenko signed a law on Wednesday allowing Ukraine to impose its own sanctions against Russian firms and individuals deemed to be backing the separatists in eastern Ukraine.

In Prague, the Organization for Security and Cooperation in Europe (OSCE), which is monitoring the ceasefire, said it would be reasonable to allow more time for the peace process before imposing more sanctions against Russia.

Didier Burkhalter, who is president of Switzerland, said the OSCE would soon deploy drones to monitor the ceasefire.

In a speech in Berlin marking the 75th anniversary of the start of World War Two, Polish President Bronislaw Komorowski compared Russia's actions in Ukraine - which also include the annexation of the Crimean Peninsula in March - with 1930s-style nationalism and he urged the West to stand firm against Moscow.

"We are witnessing the rebirth of nationalist ideology which violates human rights and international law under the cover of humanitarian slogans about protecting minorities," Komorowski told the Bundestag, Germany's lower house of parliament.

Human rights group Amnesty International said in Moscow it had documented evidence of war crimes by both sides and also repeated criticism of Russia's role in the conflict.

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