Sunday, July 31, 2011

Tremors in the East

The Recapitulator, always at the forefront of the intersection (perhaps collision is a better word) between the worlds of Finance and Power, has been monitoring developments in Eastern Europe for some time now.

The below Resolution is important in the sense that it is an escalation in an area historically prone to conflict...and it remains "low-hanging fruit" for Moscow should nationalistic pride need bolstering prior to an election.

Source here.

The U.S. Senate unanimously passed on July 29 a resolution supporting Georgia’s territorial integrity and recognizing Abkhazia and South Ossetia as regions “occupied by the Russian Federation”.

The resolution, S. RES. 175, was sponsored by Democratic Senator Jeanne Shaheen and Republican Senator Lindsay Graham. The both Senators are co-chair of Georgia Task Force at the U.S. think-tank Atlantic Council - a bipartisan group aimed at promoting policy debate on Georgia.

“Today, the Senate spoke with one voice in support of Georgia’s territorial integrity,” Senator Shaheen said on July 29. “While I am pleased by the Senate’s action and the clear message we are sending to Georgia and the Russian Federation, the situation there remains fragile and unresolved, as Russian troops are still occupying Georgia’s Abkhazia and South Ossetia regions.”

Georgia’s ambassador to the United States, Temur Yakobashvili, praised the resolution.

“This document is a very solid and firm foundation for de-occupation of the Georgian territories,” Yakobashvili said.

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