Saturday, June 28, 2014

How's Putin Doing?

++Moody's announced they were rating Russia's bonds "negative" and threatened to downgrade their Baa1 rating, the lowest investment bond rating for their actions in the Ukraine and the potential crisis of more sanctions.

++The European Union has prepared more extensive sanctions on the country itself, not just individuals. But France and Germany said that Russia has pulled away from the border.

++Putin requested his parliament to withdraw the resolution that would allow Russia to invade the Ukraine for the protection of Russian-speaking citizens.

++The Ukraine, Moldova and Georgia signed agreements to be economically associated with the EU.

++The Russian Foreign Minister attacked the United States for encouraging these events.

++Steve Benen has an excellent article at the Rachel Maddow blog entitled "Putin Snarls,Obama Gets The Last Laugh" which reminds us how far we've come from the time it looked like Putin would be the Republican nominee for President in 2016 with all his endorsements by the GOP who felt he was a strategic genius and a "real leader" unlike you know who. After Putin seized Crimea, President Obama nonchalantly suggested Russia was a regional power and let him hang by his own petard. Instead,Putin's actions revived NATO and threatened his own economy.

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