Mikhail Klimentyev/Kremlin/Sputnik by way of Reuters

CNN: Putin builds war chest as Kremlin digs in for the subsequent crisis

In the most current show of deepening cracks in the West’s formerly unified financial campaign against Russia, France’s Foreign Minister Jean-Yves Le Drian told reporters Monday that “the time is correct” for reconciliation in EU-Moscow relations.

The most current French overture comes as US lawmakers returned to operate this week and at least two sanctions bills against Russia are generating their way by means of Congress.

But policymakers and pundits query no matter if additional unilateral sanctions are an efficient response to Russian President Vladimir Putin’s adventurism, amid issues that they could also harm relationships with American trading partners and allies.

The US and its allies initially issued a package of financial sanctions in 2014, intended to punish Russia for annexing Crimea and supporting separatist militias in eastern Ukraine.

Study a lot more ….

WNU Editor: Russia is certainly properly positioned to climate the subsequent financial/monetary/political storm ….

…. Considering that 2014, Russia has improved foreign currency reserves to an eye-popping $500 billion (the fourth highest in the globe), paid off its foreign debt, “floated” (or in other words devalued) the Russian ruble to enhance the competitiveness of Russian exports, “de-dollarized” holdings to insulate Russia from the US monetary method, and balanced the state’s expenditures and revenues.

Update: The Kremlin is also a massive winner from yesterday’s attack on Saudi Arabia’s oil fields …. What the attacks on Saudi Aramco imply for oil rates (CNN).