Thursday, February 20, 2014

The Celtic Oblast

One thing the European Union might want to consider on their Ukraine sanctions list is that Vladimir Putin used an Irish Stock Exchange listed Eurobond to provide US$2 billion in financing to Ukraine on Monday -- one day before the government in Kiev decided to crack down on the protests. Sure, the timing may be a coincidence and closing off this particular bond may be a mere inconvenience, but sanctions are all about inconvenience.