Soros: the "release of oil reserves" is the most powerful tool for us sanctions against Russia
Soros: the "release of oil reserves" is the most powerful tool for us sanctions against Russia
Was shorted sterling financial giants soros fame was Ukraine in action to the United States, he thinks the United States hold "the most powerful sanctions", because the United States can release of strategic petroleum reserve, depress the market price of crude oil. Russia needs to keep the oil price above $100 to make ends meet.
Soros said in Berlin today that putin has boosted his approval ratings by declaring Crimea to be annexed to Russia, deflecting domestic discontent. But at the same time, the crisis is a good opportunity for ms merkel to be a leader in Europe, not just a German chancellor who CARES for her own interests.
"Merkel is more of an eu leader," soros said. "she's risking the German public's opposition to say no to Russia, which is unprecedented."
Merkel has rejected calls from the German business community to avoid sanctions, and is firmly committed to sanctions against Russia. Polls show that the German people do not want to be in a bad relationship with Russia.
Ms merkel, coincidentally, grew up in a socialist east Germany and grew up speaking Russian. Putin also worked in east Germany for five years when he was a KGB agent.
Still, Mr Soros once again emphasised his usual position: instead of punishing Russia, he would try to help Ukraine. Because the pure punishment of Russia just pushed putin into a corner, he would come back like a trapped animal and form a double defeat.
Soros has frequently commented on the situation in Crimea. He recently to the eu, according to the action for the Ukrainian crisis, the European Union is the right thing should give support from financial and technical aspects, help the economy development, namely the European version "Marshall plan".
