I’m having a hard time imagining just what these might be.
Why Sanctions on Russia Won’t Work
https://time.com/6150607/why-sanctions-on-russia-wont-work/
intercst
3 Likes
Any student of Russian history would realize that Putin will laugh at the sanctions.
Wendy
3 Likes
Any student of Russian history would realize that Putin will laugh at the sanctions.
Wendy
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Wrong again about Russian history. I guess you did not know about the Magnitsky Act and how hard Putin and his oligarchs tried to get the Act voided by the United States. Read the following history:
Natalia Veselnitskaya, the Russian lawyer who attended the June 9, 2016, meeting at Trump Tower with Donald Trump Jr., has for years been working to overturn the Magnitsky Act, a 2012 U.S. law that barred Russian officials suspected of human rights abuses.
So what is the Magnitsky Act, and why is it the focus of so many powerful Russian interests?
The Magnitsky Act was signed by President Barack Obama in December 2012 as a retaliation against the human rights abuses suffered by Magnitsky. The law at first blocked 18 Russian government officials and businessmen from entering the United States, froze any assets held by U.S. banks and banned their future use of U.S. banking systems. The act was expanded in 2016, and now sanctions apply to [more than} 44 suspected human rights abusers worldwide.
Bill Browder, an American hedge fund manager who hired Magnitsky for the corruption investigation that eventually led to his death, was a central figure in the bill’s passage.
Two weeks after Obama signed the Magnitsky Act, Russian President Vladimir Putin signed a bill that blocked adoption of Russian children by parents in the United States. Russia then also imposed sanctions on Browder and found Magnitsky posthumously guilty of crimes.
https://www.washingtonpost.com/news/the-fix/wp/2017/07/14/th…
https://en.wikipedia.org/wiki/Magnitsky_Act
This is just one example.
Jaak
7 Likes
Russia is divesting itself of USD:
https://www.cnbc.com/2021/06/03/russia-to-remove-dollar-asse…
They already have more in gold than USD. And soon less USD.
They already have trade agreements in place with China that do not involved USD. China has been active in a Yuan crypto to be used on the new Silk Road that has some real and important benefits.
Both countries are actively distancing themselves from both the USD and SWIFT. And as you do that, the pain of sanctions becomes less and less.
China is refusing to call the invasion of Ukraine an invasion, deflecting blame to the US.
None of this is good.
2 Likes
China is refusing to call the invasion of Ukraine an invasion, deflecting blame to the US.
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I do not see any headlines saying that. I see China watching carefully what is unfolding and not wanting to side with Russia at this time - and maybe never.
Jaak
China is refusing to call the invasion of Ukraine an invasion, deflecting blame to the US.
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I do not see any headlines saying that.
Here ya’ go…
China Offers Restrained Response to Russian Attacks on Ukraine, Refuses to Call it an ‘Invasion’
www.usnews.com/news/world/articles/2022-02-24/china-offers-r…
China on Thursday offered a restrained response to Russia’s attacks on Ukraine, refusing to characterize the military action as an “invasion” and accusing the U.S. of fanning the flames.
China refuses to call Russian attack on Ukraine an ‘invasion,’ deflects blame to U.S.
www.cnbc.com/2022/02/24/china-refuses-to-call-attack-on-ukra…
DB2
China on Thursday offered a restrained response to Russia’s attacks on Ukraine, refusing to characterize the military action as an “invasion” and accusing the U.S. of fanning the flames.
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These are very restrained responses from China. Where is full Xi Jinping approval of the invasion?
Jaak