Putin vs. EU: The Fight for the Ukraine

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Oct. 11 (Bloomberg) -- On today's "Global Outlook," Bloomberg’s Matt Miller discusses Vladimir Putin’s desire to expand Russia’s Customs Union. He speaks on Bloomberg Television's "Street Smart." (Source: Bloomberg)

This is "street smart" on bloomberg television.

Russian president vladimir putin is mounting an effort to stop the relationship with the european union.

Curious.

Don't you miss the old soviet union?

If so, you are not alone.

Vladimir putin also wants to get back to the good old days and create an economic space in the former soviet bloc.

He is unlikely to get his wish as the countries that belong to the so-called russian land continue to drift to the west and the european union.

Do not worry.

Putin has a plan.

Others joined the e.u. in 2004. mother russia keeps thousands of troops on their doorstep to keep watch.

Ukraine has been leaning in that direction.

Each time it leans too far, putin makes very bad inc.'s happen.

Sometimes he cuts off natural gas.

It is bad for a lot more people than the ukrainians.

Sometimes he just starts trade wars.

The latest sanctions are on milk, cheese, and chocolate.

The ukraine plans to sign an association agreement and free- trade accord with the e.u. next month in lot via.

Similar deals are on the way for georgia and moldova.

That would prevent those nations from joining putin's economic green block now called russia's custom union.

Putin said if we see the signed documents hurt our markets, we will have to take measures to protect our markets.

It has also raised the specter of forcing default as it could cut off payments for ukrainian exports and bleed their bank account strike.

-- dry.

I like the analysis putin wants to go back to the good old days.

You get the sense watching him on the world stage with the rhetoric we have been hearing, it is like he wants to reestablish russia.

He did with syria.

That became a golden moment.

The economic bloc would make a lot of sense.

You have the e.u. block next to you.

You have a huge mass of countries you could make as your own trading block.

It would become a third player.

Ukraine is saying we would rather joined the e.u. even though it is having many troubles.

The russian market trades at five times earnings.

Your take?

Russia has a ton of issues.

At some point, price clears.

From a valuation standpoint, i think russian equities look appealing.

Two down but lots of bank earnings to go.

We get a preview on citi ahead.

?

This text has been automatically generated. It may not be 100% accurate.

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