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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: RockyBalboa who wrote (10109)	8/10/2008 5:14:21 PM
From: Giordano Bruno	Respond to of 71456

Let the jawboning begin -g- U.S., Russia Square Off at U.N. By ALEX FRANGOS August 10, 2008 2:37 p.m. NEW YORK -- Tensions mounted between the U.S. and Russia at the United Nations where the U.S. circulated a draft Security Council resolution that condemned Russia's actions in Georgia. In a testy back and forth at the Security Council, U.S. Ambassador to the U.N. Zalmay Khalilzad said that Russian Foreign Minister Sergey Lavrov told U.S. Secretary of State Condoleezza Rice this morning on a telephone call that Russia's aim is to depose Georgian President Mikhail Saakashvili. "Saakashvilli must go," Mr. Lavrov said, according to Mr. Khalilzad. "This raises serious questions about Russia's objectives," Mr. Khalilzad told the council. "This is completely unacceptable and crosses a line." The Russian Ambassador, Vitaly Churkin seemed to acknowledge the conversation between the country's top diplomats, which he called "confidential" and "diplomatic." He responded that " 'regime change' is an American expression." But then Mr. Churkin seemed pleased that the idea of Mr. Shakasvill's ouster had been aired. "I am encouraged that you've referred to this publicly," he said. "That this means this is an interesting idea." The diplomatic dance between Russia and the U.S. reflected how the crisis in Georgia has caused a rapid reengagement between the two nuclear powers. Mr. Khalilzad echoed the U.S. message of the day, that Russia's continued military action "will have negative impact on the long term relationship between us and them." But Mr. Khalilzad was also careful not to speak too harshly. "We are not looking to have a hostile relationship with them. That's not a goal for us." The Security Council is unlikely to pass a resolution given that Russia, as one of the five permanent members of the council, can veto any such resolution. Russia didn't say a resolution was impossible, but said conditions for such a group statement included both Georgia's withdrawal from South Ossetia and its agreement to sign a document forswearing force in both South Ossetia and the breakaway region of Abkhazia. "It's too early to talk about any veto," Mr. Churkin said. Write to Alex Frangos at alex.frangos@wsj.com