Russia warns could 'reduce to zero' economic dependency on US.

Moscow (AFP) - Russia could reduce to zero its economic dependency on the United States if Washington agreed sanctions against Moscow over Ukraine, a Kremlin aide said on Tuesday, warning that the American financial system faced a "crash" if this happened

"We would find a way not just to reduce our dependency on the United States to zero, but to emerge from those sanctions with great benefits for ourselves," said Kremlin economic aide Sergei Glazyev.Russian firms and banks would also not return loans from American financial institutions, he said.

"An attempt to announce sanctions would end in a crash for the financial system of the United States, which would cause the end of the domination of the United States in the global financial system."

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Yeah, that's a bluff. Russia can't disconnect from the US flow of products any more than it can any other major industrial contributor to the world economy. Because it's a world economy.

I believe Obama gave the green light to Putin way before this action occurred. I think this entire event is par for the course.

"DTOM" {1776} " We The People" {1791}

The Russians can't stop trading with the EU & the US. There's no one to take up the excess supply without causing significant economic contraction in the Russian economy. Putin's talking out his ass again.

There's a city full of walls you can post complaints at

We don't have to cut off Russia to hurt them.

What we have to do is undercut them to destabilize their exports. This is easy to do given that most of the countries they export to are in a similar situation as Ukraine.

Look at Putin's statements the last few times the price of oil dropped below $85 a barrel. That's their concern. If we flood the market and drop the price Russia won't make money.

Look at the other countries in the area that are watching closely. Khazakstan, Azerbajian, Moldovia, Georgia, and Uzbekistan are all already suspect of Russia and it's motives, watching a neighbor invaded doesn't give them the warm and fuzzies about doing business with Russian companies.

This is an opportunity for the US to step in and fill the void while simultaneous undercutting the Russian economic influence in the area.

So no, cutting off trade to Russia is not the next step. Increasing trade to Ukraine's neighbors is the correct one.

MikeyA

Putin seems to be consumed with re-creating the USSR, with Russian dominance, just as in the bad old days! The Russians have been expansionist for several hundred years. Imperial Russia also included Ukraine. Current Russian leadership seems to have a sense of entitlement toward dominating their nearest neighbors.
Wasn't Putin's recent statement about protecting ethnic Russians in Ukraine chillingly similar to statements made by Hitler about protecting ethnic Germans in the old Czechoslovakia in order to justify the Nazi absorption of the Sudetenland in 1938? In that crisis, the United States was not interested in getting involved in another European war after World War I, so the U.S. basically stood on the sidelines. England and France signed a treaty with Hitler allowing the Germans to take the Sudetenland without outside interference from what were then the great powers of the world.
Putin is one scary world leader!

Right now would be the perfect time for the Russians and the Americans to sign a non-aggression pact, to ensure peace in out time. Only this time stick to the treaty! Talk about a bulwark between us, and the Chicoms/ Middle East! A good name to call the new alignment might be:"The North American/Russo-European Co-Prosperity Sphere". Or maybe simply "The Boss".

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