In another stunningly bad development for Vladimir Putin, Georgia has become the first nation to break diplomatic relations with neo-Soviet Russia. Georgia’s parliament has voted unanimously to repudiate Russia, and the last Georgian diplomat will leave Moscow this weekend. Russia, in turn, will be forced to close its embassy in Tbilisi.
The U.S. government responded as follows:
[We] don’t find any of this surprising, given the actions of the past three weeks. South Ossetia and Abkhazia are a part of Georgia under UN-recognized laws, in fact, laws and Security Council resolutions that Russia itself has supported. Georgia’s territorial integrity should be intact. We continue to be dismayed that Russia has not fulfilled all of its requirements in the peace agreement. Georgia is going to need the support of the world. And you’ve seen across the board countries coming forward to announce their support for Georgia and condemning the actions of Russia. And the results of that are that Russia is increasingly isolated and will bear the consequences of that isolation unless they fulfill that agreement and then make amends.
The U.S. says that under the France-brokered ceasefire agreement, August 6th is the status quo ante, and this precludes any military basis on the territory of Ossetia and Abkhazia.
Rather than seeing its overwhelming repudiation by the entire planet as a warning, Russia has instead chosen to escalate the conflict. It has already begun to discuss annexing the newly “independent” territories, and it has directly provoked the United States by imposing an arbitrary ban on the import of American poultry. This action flies in the face of the interests of the people of Russia, who already face massive inflationary pressures due to the lack of domestic food production, and will not harm the U.S. in the least. It is comical, and pathetic, the sign of desperation and worse to come.
This can only mean that more nations will break off diplomatic relations with Russia, and already (as we’ve previously reported) Russia has suffered massive losses in foreign investment, with billions of dollars in outflow over the course of just a few days and a devastating drop in the stock market. Voice of America states: “Bloomberg News reports the Russian ruble is headed for its biggest monthly decline against the U.S. dollar in more than nine years as investors reduce their Russian holdings. In addition, Russia’s Central Bank says the country lost more than $16 billion in the week following the launch of military operations in Georgia on August 8. Financial observers attribute the loss to nervous investors pulling capital from Russia.” Russia’s economy depends on importing foreign consumer goods because the country’s economy is far too anemic to meet demand, and even more so on purchases of Russian fossil fuels.
These are exactly the same crazed policies that destroyed the USSR. And what else can we expect from a country governed by a proud KGB spy?