Moments ago we listed the Russian Putin "advisors" impacted by the latest Obama executive order freezing those assets over which the US has access. Among them was deputy Prime Minister Dmitry Rogozin and Russia's ambassador to NATO. As a reminder, in 2011 Russian President Dmitry Medvedev appointed Dmitry Rogozin as a Special Representative on anti-missile defence and negotiations with NATO countries on this issue. On 23 December 2011 Dmitry Rogozin was appointed deputy premier of Russian Government in charge of defense and space industry. As responsible for the defense industry he leads the creation of the Russian Foundation for Advanced Research Projects in the Defense Industry (Russian DARPA). Moments ago Rogozin replied to Obama's "freezing" of his, among other, assets.
Comrade @BarackObama, what should do those who have neither accounts nor property abroad? Or U didn't think about it?)http://t.co/16KUTJPXOl
— Dmitry Rogozin (@DRogozin) March 17, 2014
Which, as reported on Friday, probably is the case for many Russians oligarchs, who were expecting this move by Obama long ago. Worst case, a whole lot of New York City duplex penthouses are about to hit the market.
And then this follow up tweet:
По-моему, какой-то шутник писал проект указа Президента США)
— Dmitry Rogozin (@Rogozin) March 17, 2014
Translated: "I think some joker wrote Obama's executive order."
We expect Obama to respond on twitter momentarily. We also look forward to see if Obama will provide the Russians with a loophole allowing them to allocate frozen assets toward Obamacare...
On Russia countering Western sanctions, Jim Sinclair says watch the “struggling dollar” and Russia accepting any currency for oil and natural gas. Sinclair explains, “It’s struggling . . . because it smells the real teeth of retaliation for sanctions being in the simple acceptance of any currency whatsoever for payment for gas to Europe. Believe me, they will settle in other currencies. . . . It makes energy cheaper. Why in the world would anyone want to pay in dollars if they can pay in their own currency? Russia could retaliate in a way that would have phenomenal impact on the U.S. dollar. . . . Russia has the upper hand. They have it in their ability to turn the U.S. economy upside down and into collapse. There is no question whatsoever. Putin doesn’t need a nuclear bomb. He has a nuclear economic bomb that he can set off at any time.”
Read More: http://www.jsmineset.com/2014/03/16/putin-has-nuclear-economic-bomb-jim-sinclair/
Note: Russia holds $130 or so billion in US Treasuries.
Russia Vows To Switch To Other Currencies Over US Sanctions Threat – Glazyev (The Voice of Russia)