In an interview on Oct. 15 with Serbian newspaper, Politika, Russian President Vladimir Putin expressed his anger at the continuing sanctions and hostile aggressions being waged by the U.S. against the Eurasian state over conflicts in Ukraine and the Middle East, and emphasized the consequences that might occur when one nuclear nation threatens another with escalating economic and political actions.
President Putin’s statements come at a time when Russia is experiencing increasing pain to their economy and currency which is tied to the rapid decline in oil prices that appear to be instigated from a ‘secret deal’ made between the United States and OPEC’s leader, Saudi Arabia. And with oil touching just below $80 per barrel in intra-day trading, the decline in price will have a devastating effects on more than just Russia, but also on countries such as Britain, Norway, and even the Bakken region of North Dakota, and drive economies that are on the brink of recession into full blow negative territory.
It’s futile for the U.S. and its allies to “blackmail” Russia over the Ukraine crisis, President Vladimir Putin said in a newspaper interview today.
Russia’s partners should remember the risks involved in disputes between nuclear powers, Putin said. He accused Barack Obama of adopting a “hostile” approach in naming Russia as a threat to the world in the U.S. president’s speech to the United Nations General Assembly on Sept. 24.
“We hope that our partners will realize the futility of attempts to blackmail Russia and remember what consequences discord between major nuclear powers could bring for strategic stability,” Putin told Serbia’s Politika newspaper on the eve of his visit to the Balkan nation today.
“Together with the sanctions against entire sectors of our economy, this approach can be called nothing but hostile,” Putin said – Politika
Putin’s veiled threats in which he points to his nation’s nuclear power as a position of strength signifies just how important ending the current proxy war between Russia and the West is, and how history validates just how quickly conflicts can turn critical, as in 1963 with the Cuban Missile Crisis.
But even more so, the world is too inter-twined financially today for one powerful nation to impose their economic will upon another without there being global consequences, as seen by how the sanctions the U.S. is impressing upon Russia over the civil war in Ukraine is causing extreme chaos to Europe and America’s primary allies.
Unlike the Cold War of just three decades ago, most conflicts are now economic in nature, and fought for control over oil and other vital resources. And just as America’s attacks on Iraq, Libya, Syria, and Ukraine have been done to either halt Russian oil expansion into these countries, or to chastise leaders who threaten the petro-dollar by selling energy in currencies other than the dollar, Russia’s responses have to date been economic in nature, rather than military. But as Putin assured his allies in Serbia today, the world cannot forget that Russia is a military superpower by nature of their nuclear arsenal, and that accidents and events can trigger disastrous consequences when two nuclear powers escalate geo-political confrontations.