Tuesday, July 22, 2014

Russia's Oligarchs Are Afraid Of Sanctions

Russia's Billionaires 'Horrified' At Sanctions Threat That Could Push Economy Into Recession But Too Terrified Of Putin To Speak Out -- Daily Mail

* Billionaire oligarchs 'scared of sanctions but more scared of Putin'
* Dare not speak out over measures which could cripple Russian economy
* Putin allies are already suffering from existing U.S. measures
* Britain pushing for EU sanctions against Mr Putin’s 'crony group'
* Foreign secretary Philip Hammond said Russia risks becoming 'pariah state'
* Additional U.S. measures may be imposed in the next few weeks

Russia's billionaire businessmen are 'horrified' at the prospect of crippling economic sanctions in response to Moscow's involvement in Ukraine, but are too terrified of president Vladimir Putin to say so openly, it has been claimed.

The U.S. has already imposed a raft of sanctions against Russian companies and individuals with Britain and the Netherlands pushing for the EU to impose even tougher measures following the shooting down of Malaysian Airlines flight MH17.

Additional U.S. measures may be imposed in the next few weeks and financial experts believe Russia's $2 trillion economy could be pushed into recession.

Read more ....

My Comment: A small confession .... I am not going to stay up all night wondering how hard life is going to be for these oligarchs.

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