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While the White House has continually threatened further sanctions against Russia for non-de-escalation (even as it un-de-escalates itself), the specifics of the additional sanctions have been sparse. German CEO warnings over blowback from economic sanctions... the "nonsense" of replacing Russian gas with US gas... the Russian warnings of "interdependence" and "boomerangs"... all reduce the West's arsenal of financial sanctions. But, as The Times of London reports, perhaps the US has found a crucial pain point for Putin - a sanctions regime that would target Putin's personal wealth, which includes a reported $40 billion stashed in Swiss bank accounts.
Putin was asked why the US can do whatever it wants and no one punishes them, while attempts are being made to punish Russia.
“The US is certainly one of the world’s leaders. At some point it seemed that it was the only leader and a uni-polar system was in place. Today it appears that is not the case. Everything in the world is interdependent and once you try to punish someone, in the end you will cut off your nose to spite your face,” he said.
Unconfirmed claims by some Russian opposition politicians and journalists allege that Putin secretly possesses a large fortune (as much as $70 billion[322]) via successive ownership of stakes in a number of Russian companies.[323][324] Nina L. Khrushcheva of the The New School estimates his net worth to be between $40–70 billion.
(Reuters) - The most startling part of Washington's sanctions on Russian businessmen loyal to President Vladimir Putin may be a single sentence that contains an explosive allegation: that Putin himself profits from the world's No. 4 oil trading company, Gunvor.
originally posted by: freakjive
a reply to: freedomSlave
I thought the same thing. From a wiki (take from it what you will):
Unconfirmed claims by some Russian opposition politicians and journalists allege that Putin secretly possesses a large fortune (as much as $70 billion[322]) via successive ownership of stakes in a number of Russian companies.[323][324] Nina L. Khrushcheva of the The New School estimates his net worth to be between $40–70 billion.
Putin's Wealth
originally posted by: BobAthome
a reply to: TritonTaranis
and how many Board Corporation,,would he sit on if he worked for Wall Street?
right.
originally posted by: mrmeeseeks
originally posted by: TKDRL
And people wonder why there is so many people wanting to break away from the world banks. On a whim, some country can freeze your money.
Which begs the question, Whose really motivating all this.
The politicians, or the money men...
originally posted by: Wrabbit2000
Well, isn't this just the pillar of brilliance. Let's see about a thumbnail of history here.
The French get stomped at Dien Bien Phu, so we rush in a few years later to confirm it happened. Yup.. Sure enough, it took 10 years, but we confirmed it happened.
The Russians get stomped in Afghanistan (with no small assist from us) and again, a number of years later, we rush in, as if to confirm it really happened. Goodness.. Yup.. We're on the tail end of that result now, but I think Confirmed is a safe conclusion to call now.
What's next...as we gaze around... Ahh yes... Napoleon and Hitler BOTH got stomped in Russia. That's too much to pass up as unconfirmed for the American politician. We must get there soon and begin the confirmation process. May as well get Putin spitting mad first though. [X] Check!
I'm sure it'll come to a result quicker than we expect.