Biz News by a floor trader–speaking bout gold & oil–
Putin Signs New Military Doctrine: Names NATO, US As Main Foreign Threat; Test Fires New ICBM
Submitted by Tyler Durden on 12/26/2014 – 09:06
Last week, after the unanimous passage of the Ukraine Freedom Support Act of 2014 in Congress we wrote that “World Awaits Russian Response As Obama Makes “Lethal Aid” To Ukraine Legal.” We didn’t have long to wait: one short hour ago, Putin adopted an updated version of its military doctrine, which “reflects the emergence of new threats against its national security” and which names both the NATO military buildup on Russia’s borders, as well as the US and the destabilized situation in some regions (read Ukraine) as the main foreign threats to Russian security. The doctrine update also, for the first time, put protection of Russian national interest in the Arctic (read oil and nat gas) among the key priorities for Russia’s armed forces. In other words, Putin is not only not backing down, but has once again explicitly warned NATO that any western action, either in Ukraine or elsewhere, will have a proportional response.