Furious Russia, Downgraded To Just Above Junk By S&P, Proposes “Scorched Earth” Retaliation Against NATO Countries

Friday, April 25, 2014
By Paul Martin

by Tyler Durden
ZeroHedge.com
04/25/2014

Russia should withdraw all assets, accounts in dollars, euros from NATO countries to neutral ones
Russia should start selling NATO member sovereign bonds before Russia’s foreign-currency accounts are frozen
Central bank should reduce dollar assets, sell sovereign bonds of countries that support sanctions
Russia should limit commercial banks’ FX assets to prevent speculation on ruble, capital outflows
Central bank should increase money supply so that state cos., banks may refinance foreign loans
Russia should use national currencies in trade with customs Union members, other non-dollar, non-euro partners

The Rest…HERE

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