[Dargo]

Originally Posted by mapuc

Can't remember which one of you who wrote on how the West has made some huge mistake when it comes to these sanctions against Russia.



https://www.bloomberg.com/news/newsl...ng-putin-s-way

Markus

Not since the 1930s has an economy the size of Russia’s been placed under such a wide array of commercial restrictions as those imposed in response to its invasion of Ukraine. But in contrast to Italy and Japan in the 1930s, Russia today is a major exporter of oil, grain, and other key commodities, and the global economy is far more integrated. As a result, today’s sanctions have global economic effects far greater than anything seen before. Their magnitude should prompt reconsideration of sanctions as a powerful policy instrument with major global economic implications.

Sanctions are not the only source of turmoil in the global economy. Energy prices have been rising since last year as the economic recovery from the pandemic encountered overburdened supply chains. Global food prices rose 28 percent in 2020 and 23 percent in 2021, and they surged 17 percent this year between February and March alone. The war has also harmed Ukraine directly, as fighting has closed the country’s Black Sea ports, blocking its exports of wheat, corn, sunflower oil, and other goods.

The effects of the loss of Ukrainian supply have been amplified by two even larger shocks: the sanctions imposed on Russia by 38 North American, European, and Asian governments and the responses to those measures by global firms and banks. This barrage of legal, commercial, financial, and technological restrictions has drastically impeded Russia’s access to the world economy. It has also vastly increased the range of commodities from both countries that are no longer finding their way onto world markets. Sweeping sanctions against Russia have combined with the worldwide supply chain crisis and the wartime disruption of Ukrainian trade to deliver a uniquely powerful economic shock. Additional sanctions on Russian oil and gas exports would magnify these effects further... https://www.imf.org/en/Publications/...-weapon-mulder

There are so many views on this matter, we also must consider what corona has globally damaged world transport and producing we still see its effect with china in lockdowns and sanctions are no wonder weapon not have effect in months you must look in years to take effect economy is not a Holy Writ.