...Moscow is not nervous. Russia’s elites have exposed themselves in a gigantic manner – everything they hold dear is now locked up in European properties and bank accounts. Theoretically, this makes them vulnerable. The EU could, with a sudden rush of money-laundering investigations and visa bans, cut them off from their wealth. But, time and time again, they have watched European governments balk at passing anything remotely similar to the U.S. Magnitsky Act, which bars a handful of criminal-officials from entering the United States.
All this has made Putin confident, very confident – confident that European elites are more concerned about making money than standing up to him. The evidence is there. After Russia’s strike force reached the outskirts of Tbilisi, the Georgian capital, in 2008, there were statements and bluster, but not a squeak about Russia’s billions. After Russia’s opposition were thrown into show trials, there were concerned letters from the European Union, but again silence about Russia’s billions.
The Kremlin thinks it knows Europe’s dirty secret now. The Kremlin thinks it has the European establishment down to a tee. The grim men who run Putin’s Russia see them like latter-day Soviet politicians. Back in the 1980s, the USSR talked about international Marxism but no longer believed it. Brussels today, Russia believes, talks about human rights but no longer believes in it. Europe is really run by an elite with the morality of the hedge fund: Make money at all costs and move it offshore.
Read more: http://www.politico.com/magazine/story/2014/03/russia-vladimir-putin-the-west-104134.html#ixzz2uq8w71nG