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Until now Russian retaliation against Western sanctions has been largely symbolic, culminating with this week’s Holy Grail gas deal with China, 10 years in the making, which would not have happened on such a truncated timeframe had it not been for western prodding. However, now Russia may be getting ready for actionable retaliation against the west. RIA reports that Russia has prepared a “confidential document” with measures in response to Western sanctions, citing Kremlin advisor Andrew Belousov.
“I can say that, while it is not a strategy, we do have a tactic. It is in the form of a document which for understandable reasons is confidential. But it clearly lists the Russian sanctions: focusing on individuals, companies, sectors, whether they are comprehensive and systemic, and if they impact the banking system” Belousov was cited as telling TV channel Rossia 24.
According to him, there is a prescribed action at each of the listed levels. “So if any further action is taken against Russia, I can say that we know precisely how to react.”
And while it is unclear if the US will dare to issue any more sanctions against Russia, considering the Russian stock market is now back to pre-sanctions levels, thus proving their complete futility (and if anything will simply serve to bring Russia and China even closer), one development that would certainly infuriate Putin is the news that Ukraine may hold a NATO accession referendum as soon as June 15.
read more at ZeroHedge: