Our sanctions not only have not hurt the Russian Economy but is it causing de-dollarization and a flight from US Treasuries. Who wants to hold Dollars when they can be confiscated at the whim of the United States? It has been suggested that the 'frozen' Russian assets be seized and used to rebuilt Ukraine which is not going over well with even our allies not to mention our enemies. The gang that can't shoot straight strikes again.
Link: https://www.youtube.com/watch?v=okYw7Mb3WK0
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He’s created a war time economy that produces nothing but outdated weapons, which no one else in the world wants. Technologically, Russia is lost in the middle of the last century. It’s a Potemkin economy! Russia’s long term prospects are abysmal
Link: https://www.cnbc.com/amp/2024/02/12/russias-economy-in-for-very-tough-times-despite-improved-outlook-imf.html
Again, it’s a short term spike that is not sustainable. Read the attached article.
Link: https://theconversation.com/russias-economy-is-now-completely-driven-by-the-war-in-ukraine-it-cannot-afford-to-lose-but-nor-can-it-afford-to-win-221333
trade with Russia reflects a total diplomatic failure on the part of the U.S. Department of State. Part of my reason to oppose the war in Ukraine was because I thought Biden and Company were diplomatically and strategically incompetent and, at every opportunity, they prove I was on to something.