Sanctions–A Horrible Idea

I have made my thoughts on sanctions abundantly clear….in case you missed it….as a penalty for bad behavior hey do not work!

If you need more information (most will not for that would mean reading something before commenting)…..

Sanctions And Tariffs

Is Sanctions The Answer?

I told you I had strong opinions on sanctions.

They have not worked on Cuba….or Venezuela….or any other nation we deem as a bad player….and that goes for Russia.

The West has put into place massive sanctions against Russia since they invaded Ukraine….and we continue to find new ways to sanction the nation.

Let’s look just how effective these measures have been to Russia.

The International Monetary Fund has said it expects the Russian economy to grow by 1.5% this year despite the US-led Western sanctions campaign against the country, which President Biden once vowed would “turn the ruble into rubble.”

The Russian economy shrank by 2.1% last year, but it has bounced back as Russia is adjusting to the sanctions. The Wall Street Journal on Wednesday called the economic war a “stalemate,” comparing it to the situation on the battlefield in Ukraine.

The report said the sanctions initially made it harder for Russia to acquire microchips and other technical components, but Moscow then found sanctions loopholes through neighboring countries. Russia has also had no problems selling its oil as its found new markets in India and elsewhere in Asia.

The Journal cited analysts who said the sanctions will hurt Russia in the long term, but Moscow continues to forge stronger ties and significantly increase trade with China. An alternative to the US-dominated global financial system is slowly being formed by Russia, China, and other countries targeted with US sanctions.

The US has successfully crushed the economies of smaller countries with sanctions, but the sanctions on Russia were the harshest imposed on such a large economy. US sanctions on smaller nations are losing some of their power as China and Russia offer alternative markets.

For example, Iranian oil sales in 2022 exceeded those in 2016 before the US withdrew from the nuclear deal in 2018 and reimposed sanctions on the country. Most of the new Iranian oil sales have been to China.

(antiwar.com)

So the economic attack is not hurting Russian economy….why keep looking for more ways to fail in this corner?

I Read, I Write, You Know

“lego ergo scribo”

7 thoughts on “Sanctions–A Horrible Idea

  1. I know and here of some of my own reasons sanctions do not work …

    Here are some reasons why sanctions may not work:

    Sanctions can backfire. When sanctions are imposed, the target country may become more defiant and less likely to comply with the demands of the sanctioning countries. This is because sanctions can create a sense of nationalism and unity among the people of the target country, making them more likely to support their government’s policies.
    Sanctions can harm the people of the target country more than the government. Sanctions often have a disproportionate impact on the poor and vulnerable in the target country. This is because they can lead to shortages of food, medicine, and other essential goods. Sanctions can also lead to economic instability and job losses.
    Sanctions can be circumvented. Sanctioned countries can often find ways to circumvent the sanctions by trading with countries that are not participating in the sanctions regime. This is especially true for large countries with a powerful economy, such as Russia.
    Sanctions can take a long time to work. It can take years or even decades for sanctions to have a significant impact on the target country. This is because sanctions need to weaken the economy of the target country to the point where the government is forced to change its behavior.
    In conclusion, sanctions are not a foolproof tool of foreign policy. They can be ineffective, counterproductive, and harmful to the people of the target country. As a result, they should only be used as a last resort.

  2. I agree. Even when South Africa was being heavily sanctioned in the 1960s, they were still able to sell diamonds and gold almost everywhere. The only people who suffered were the poor. It is always the poor and sick who feel the force of sanctions the most.
    Best wishes, Pete.

  3. Just curious.. you don’t like fighting Russia on the battlefield (I fully understand that) and you don’t like sanctions. So how exactly do we take Russia to task over it’s aggressive belligerency?

    1. That is a deep question…. and to answer that I would need a lot more information than I get in open sources……but ceasefire negotiations should be a gimme….whether all sides agree or not….there can be some common ground but not when the major forces do not want it. chuq

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