Despite all the massive rhetoric that has come out of the Western press over the past few months that new sanctions imposed by Russia would have counter-intuitive effects on the U.S. and on Europe, it only took a single day after specific new restrictions were enacted by President Vladimir Putin that are causing one Eurozone and NATO affiliated country to quickly mull over the idea of breaking away from the American led coalition, and seeking their own agreements to facilitate the exporting of food stuffs to Russia.
On Aug. 7 the nation of Greece, which has several hundred millions of dollars in annual food exports to Russia, is discussing the possibility of alienating themselves from the U.S. and European coalition against the Eurasian power, and finding accommodations with Putin to allow for the continued trade of food stuffs between each nation, especially in light of Greece's failed economic recovery after their monetary collapse and debt crisis of 2010.
Earlier today the Greek foreign minister and former PM said that "we are in continuous deliberations in order to have the smallest possible consequences, and if possible no significant impact whatsoever." He added that Greece is trying to protect agricultural production, keep friendly relations with all countries, and fulfill its EU obligations. The problem is that it can't satisfy everyone, and certainly not its food exporters if it wants to remain on friendly terms with the same artificial union that has kept it on life support for the past 4+ years.
Bloomberg adds that Greece will set up a task force to monitor exports of Greek products to Russia, according to e-mailed statement from country’s Foreign Ministry. The task force will be comprised of representatives of Greek exporters and government officials, and its role will be to examine ways to expand markets for Greek, fruits and vegetables, in response to Russia’s decision to ban most food exports from EU countries. Greek Foreign Ministry has taken action to ensure smooth access of agricultural products to Russian market. - Zerohedge
Greece is not the only Eurozone nation to back down from complete solidarity with the allied coalition's efforts directed primarily against Russia. Three days ago, the neutral nation of Switzerland stated that they will not 'blindly' follow economic sanctions imposed on Russia by the United States or Europe, and that an escalation of sanctions by both sides could quickly lead to trade wars that will force long standing allies to pick and choose sides based upon their own economic needs and trading partners.
And it is this evaluation of trade concerns that could potentially affect the strongest power in the European Union, and completely implode the Western coalition that relies upon their complete adherence to U.S. policies. This power of course is Germany, and since over 3000 German companies rely heavily upon free and unrestricted trade with Russia, any extended period of sanctions could very easily turn an economic problem into a political one, and force the key spoke in the EU to turn away from the U.S., and seek a more permanent alliance with Russia and the BRICS.
The new Russian sanctions against food imports from any and all nations tied to the U.S. coalition is a very clever way of causing potential division, and even a breaking away of individual nations that rely heavily on trade with the East. And as it quickly appears that Greece is looking very hard at their current policy of standing with the U.S. and NATO in light of what consequences to their economy Russian sanctions could impose and at a time when they desperately need all the revenues they can muster, as one domino begins to fall within the coalition, how long will it take other nations to see the folly in being stuck in the middle of an escalating superpower trade war?