Sanctions to cost Lithuania, Estonia and Lavia $780 million - Polidicks

[QUOTE]The latest official figures show that Russia accounts for 21 percent of Lithuania's exports, 12 percent of Latvia's and 9.8 percent of Estonia's. The value of goods and services headed to Russia, which is currently facing recession and a weaker ruble, will shrink by between 18 percent and 25 percent for the three countries, according to a recent report published by Danske Bank, Denmark's biggest bank. This will cost their economies 690 million euros collectively this year, or approximately $780 million. [/QUOTE] [url]http://www.bloomberg.com/news/articles/2015-02-23/here-s-how-much-russia-s-crisis-will-cost-its-neighbors[/url]

When will they realize sanctions are only triggering Putin to do more stupidity?

[QUOTE=SouthParkMGT;47202419]When will they realize sanctions are only triggering Putin to do more stupidity?[/QUOTE] Instead Glorious Leader Putin should be left to his own retarded devices right? Considering Russia has to date taken something like a 40 billion dollar loss due to the sanctions, and 3 other countries have collectively lost less than 1 billion, that's a fucking huge win, one which I'm pretty sure the EU would be happy enough to cover considering all those countries are pretty happy with not being russian puppets.

[QUOTE=Rapscallion92;47202435]Instead Glorious Leader Putin should be left to his own retarded devices right? Considering Russia has to date taken something like a 40 billion dollar loss due to the sanctions, and 3 other countries have collectively lost less than 1 billion, that's a fucking huge win, one which I'm pretty sure the EU would be happy enough to cover considering all those countries are pretty happy with not being russian puppets.[/QUOTE] You know what man? Fuck you. Our economy is shit. One billion is A LOT of money. Our minimum wage is 200Euro/month so the loss we're suffering is not small at all. It only seems small to countries where economy is at decent levels. [highlight](User was banned for this post ("Flaming" - OvB))[/highlight]

What's your point?

[QUOTE=itisjuly;47202441]You know what man? Fuck you. Our economy is shit. One billion is A LOT of money. Our minimum wage is 2Euro/month so the loss we're suffering is not small at all. It only seems small to countries where economy is at decent levels.[/QUOTE] Mate, like I said, I'd be chomping at the bit to help you guys out but I'm not an MEP.

[QUOTE=itisjuly;47202441]You know what man? Fuck you. Our economy is shit. One billion is A LOT of money. Our minimum wage is 2Euro/month so the loss we're suffering is not small at all. It only seems small to countries where economy is at decent levels.[/QUOTE] Note also how the baltic states have among the least debt to GDP in the world and how living here is cheap as shit. We aint insanely effected by this.

[QUOTE=Rapscallion92;47202452]Mate, like I said, I'd be chomping at the bit to help you guys out but I'm not an MEP.[/QUOTE]The thing is, EU fucked us in the ass with the sanctions. Putin might lose billions but so did our economy of an EU country. Wishful thinking hoping EU will pay us back at least half of lost revenue. I personally know people who were affected by this very badly. [editline]24th February 2015[/editline] [QUOTE=EcksDee;47202455]Note also how the baltic states have among the least debt to GDP in the world and how living here is cheap as shit. We aint insanely effected by this.[/QUOTE] Debt to GDP ratio means fuck all when you're earning less than 2 euros an hour and a breakfast costs 2 hours of your worktime. No idea where you pulled the cheap as shit part. It's cheaper in some aspects, but in many prices are as high as other EU countries, sometimes even more. And when we switched from our currency to Eur, prices got even higher while wages stayed the same. No idea how it's in Estonia, but in Latvia wage:price ratio is really bad.

[QUOTE=EcksDee;47202455]Note also how the baltic states have among the least debt to GDP in the world and how living here is cheap as shit. We aint insanely effected by this.[/QUOTE] The only cheap thing we have is alcohol

[QUOTE=itisjuly;47202462]The thing is, EU fucked us in the ass with the sanctions. Putin might lose billions but so did our economy of an EU country. Wishful thinking hoping EU will pay us back at least half of lost revenue. I personally know people who were affected by this very badly.[/QUOTE] Well we're opposites then because [url=https://translate.google.ee/translate?hl=en&sl=et&tl=en&u=http%3A%2F%2Fepl.delfi.ee%2Fnews%2Feesti%2Fpeatselt-venemaale-kaela-sadavad-sanktsioonid-eesti-majandust-ei-mojuta%3Fid%3D69437935]I, my friends, family and relatives haven't noticed shit, nor did economists think this would affect Estonia in any significant way[/url]

[QUOTE=EcksDee;47202477]Well we're opposites then because [url=https://translate.google.ee/translate?hl=en&sl=et&tl=en&u=http%3A%2F%2Fepl.delfi.ee%2Fnews%2Feesti%2Fpeatselt-venemaale-kaela-sadavad-sanktsioonid-eesti-majandust-ei-mojuta%3Fid%3D69437935]I, my friends, family and relatives haven't noticed shit, nor did economists think this would affect Estonia in any significant way[/url][/QUOTE]That's great for you then, wish it was like that here.

Lithuania's so fucked. They just installed Euro and that alone destabilized the economy so much. And now on top of that 20+% of their Russian exports are being denied. They are in deep, deep trouble.

Well it's better than doing nothing and letting Putin drive tanks around where he pleases with no consequences

[QUOTE=Complifused;47202497]Well it's better than doing nothing and letting Putin drive tanks around where he pleases with no consequences[/QUOTE] yeah destabilize multiple other allied countries to "help" another single country. sounds like typical american foreign policy alright.

[QUOTE=Complifused;47202497]Well it's better than doing nothing and letting Putin drive tanks around where he pleases with no consequences[/QUOTE]When it comes to driving tanks around, sanctions did nothing to prevent that.

[QUOTE=MrBunneh;47202505]yeah destabilize multiple other allied countries to "help" another single country. sounds like typical american foreign policy alright.[/QUOTE] I forgot the US is between France and Germany and is part of the EU sactions. Granted they have their own santions and so on

[QUOTE=MrBunneh;47202505]yeah destabilize multiple other allied countries to "help" another single country. sounds like typical american foreign policy alright.[/QUOTE] "Maybe if I keep trying to shit on America, something that is right will eventually come out of my mouth."

[QUOTE=MrBunneh;47202505]yeah destabilize multiple other allied countries to "help" another single country. sounds like typical american foreign policy alright.[/QUOTE] I'd rather everyone suffer a bit than let some bully dumbass country invade a sovereign nation willy-nilly. The fact that the EU as a whole is suffering much, much less than Russia is just a bonus.

[QUOTE=EcksDee;47202536]I'd rather everyone suffer a bit than let some bully dumbass country invade a sovereign nation willy-nilly. The fact that the EU as a whole is suffering much, much less than Russia is just a bonus.[/QUOTE] Sanctions have failed at their goal of discouraging action in Ukraine though. Russia stomped all over sanctions and Ukraine.

[QUOTE=itisjuly;47202545]Sanctions have failed at their goal of discouraging action in Ukraine though. Russia stomped all over sanctions and Ukraine.[/QUOTE] That doesn't mean the sanctions should be stopped. Stomped is also the wrong word considering these sanctions will probably [url=http://www.economist.com/news/finance-and-economics/21608754-bad-governments-cost-investors-fortune-trillion-dollar-boo-boo]cost Russia a shit-ton[/url] I'm no economic supergenius, but it doesn't feel like Russia can maintain this status quo for too long.

[QUOTE=EcksDee;47202552]That doesn't mean the sanctions should be stopped. Stomped is also the wrong word considering these sanctions will probably [url=http://www.economist.com/news/finance-and-economics/21608754-bad-governments-cost-investors-fortune-trillion-dollar-boo-boo]cost Russia a shit-ton[/url] I'm no economic supergenius, but it doesn't feel like Russia can maintain this status quo for too long.[/QUOTE] Sanctions cause a lot of suffering in less developed EU countries while the ones who decide sanctions are rich politicians who are not affected by any of this. At the same time Russia's sanctions affect the people and not the government. What do you think will happen if this goes on? A rebellion? Doubt it. These sanctions hurt innocent civilians on both sides. That's about it. Poor become poorer, rich don't care. These sanctions are shit and a really scummy thing EU did to their own citizens. Sanctions have achieved fuck all besides hurting the very people who have nothing to do with the conflict.

It's moments like this I'd imagine being at the tables of discussion inside the EU is nerve wrecking.

[QUOTE=EcksDee;47202552]That doesn't mean the sanctions should be stopped. Stomped is also the wrong word considering these sanctions will probably [url=http://www.economist.com/news/finance-and-economics/21608754-bad-governments-cost-investors-fortune-trillion-dollar-boo-boo]cost Russia a shit-ton[/url] I'm no economic supergenius, but it doesn't feel like Russia can maintain this status quo for too long.[/QUOTE] I'm afraid economic pressure is just going to make Russia more desperate. Granted this is nothing compared to post WW1 Germany situation, but it wouldn't be wise to poke the bear.

Blame Russia for starting shit, there wouldn't be any sanctions otherwise.

[QUOTE=Electrocuter;47202640]Blame Russia for starting shit, there wouldn't be any sanctions otherwise.[/QUOTE]Why would I blame Russia for bad decisions an union my country is in did?

[QUOTE=Rapscallion92;47202435]Instead Glorious Leader Putin should be left to his own retarded devices right? Considering Russia has to date taken something like a 40 billion dollar loss due to the sanctions, and 3 other countries have collectively lost less than 1 billion, that's a fucking huge win, one which I'm pretty sure the EU would be happy enough to cover considering all those countries are pretty happy with not being russian puppets.[/QUOTE] I am glad it's massively improving the situation in Ukraine and severely undermining Putin's power while driving Russian populace away from aggressive ideas because this is totally things that are happening. [t]http://i.imgur.com/EgMEIDC.jpg[/t] Works like a fucking charm, just bit more sanctions and everything will be alright [editline]24th February 2015[/editline] [QUOTE=EcksDee;47202552]That doesn't mean the sanctions should be stopped. Stomped is also the wrong word considering these sanctions will probably [url=http://www.economist.com/news/finance-and-economics/21608754-bad-governments-cost-investors-fortune-trillion-dollar-boo-boo]cost Russia a shit-ton[/url] I'm no economic supergenius, but it doesn't feel like Russia can maintain this status quo for too long.[/QUOTE] Look at North Korea. They are practically isolated from the rest of the world, with almost nobody willing to have any business with them, and there's no sign they are anywhere near giving up their aggressive attitude to their neighbors. Russia is absolutely colossal in comparison and, unlike North Korea, has quite vast natural resources. Once the cult of personality is going, and MAINLY when the main populace doesn't buy into your agenda and listens to their manipulative government instead, sanctions are fucking worthless.

[QUOTE=MrBunneh;47202505]yeah destabilize multiple other allied countries to "help" another single country. sounds like typical american foreign policy alright.[/QUOTE] I didn't know the US was in the EU

[QUOTE=Zillamaster55;47202699]I didn't know the US was in the EU[/QUOTE] Because US totally didn't bully EU into doing this

[QUOTE=itisjuly;47202601]These sanctions hurt innocent civilians on both sides. That's about it. Poor become poorer, rich don't care. These sanctions are shit and a really scummy thing EU did to their own citizens.[/QUOTE] There is no such thing as innocent civilian. We (aka all russians) let Putin into power and don't do anything to stop him, and it was you (aka all latvians) who elected your government. It's easy to say "nah it's just these big guys who's to blame". No, it's us who is responsible for all this shit.

To all you guys calling for ending the sanctions, what should we otherwise do? Nothing?