The main fallout of the Russia/Ukraine conflict has been the rapid and escalating measures to divide east and west, putting up barriers to economics, culture, sports, the arts, etc at a breakneck speed truly unprecedented in modern history. As opposed to the more gradual escalation of reciprocal measures in the first cold war, we basically sprung the Berlin Wall right back out of the ground like that clip in the Simpsons. Pretty much all these divisions so far have been escalations by the USA and EU, or tit for tat responses by Russia, which is another change. So I thought we should have a thread to just devote to rapid onslaught of breaking news as corporations and credit card companies and international banking and operas and whatnot all rush to plunge us back into the cold war.
So to give some recent examples;
- Russian banks are being cut off from SWIFT, Visa and Mastercard, and are now turning to China's UnionPay and Japan's JCB. As Russian financial institutions are being isolated from the USA and EU dominated dollar markets, they are turning to the other world powers which are not joining in the sanctions are giving more power to the RMB, possibly threatening the long term status of the US Petrodollar as the reserve currency of the world. Russia on its own isn't going to end the dollar, but it could be the first domino big enough to fall.
- Exxon, Apple, Disney, Ford and other companies are either dialing back or completely withdrawing from Russia, selling stakes in Russian companies, stopping imports and exports. Russia in response has moved to freeze foreign-owned stock investment trading and prevent their sale.
- The USA and EU have moved to seize the assets owned by Russian corporations and oligarchs and private citizens they don't like, notably France and Germany both seizing mega-yachts owned by Russian businessmen, effectively acts of modern piracy.
- RT and Sputnik news channels have been banned in the EU, their online presence censored by Google and Youtube, RT America has shut down and in response Russia is banning Western media and several have shut down preemptively, including Facebook, Twitter, BBC, Bloomberg, CNN and ABC
- Formula One, the 2022 Winter Paralympics (lol), FIFA, UEFA, Ice Hockey Federation, World Rugby, Rugby Europe, International Tennis Federation, Euroleague and International Basketball Federation all banned Russian teams and officials.
That's not close to comprehensive, its so many at the same time nobody can track it all. But I'd like to draw another good particular example which is the world of Classical Music. Even back in 2014 with Crimea, there was already rumbles over outspoken musicians like Valentina Lisitsa being banned for supporting Russia. But in the past few days, various operahouses and city governments have come for a list of the top Russian talents: Famed conductor Valery Gergiev, Bolshoi director Vladimir Urin and soprano Anna Netrebko were the victims of 'cancelling' in the arts world. Gergiev refused to make any political statements and was sacked for refusing to denounce his friend Putin or the war, while Anna Netrebko put out a public statement condemning the war but refusing to be bullied into making compelled speech against her mother country. In her own words;
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First of all: I am opposed to this war. I am Russian and I love my country but I have many friends in Ukraine and the pain and suffering right now breaks my heart. I want this war to end and for people to be able to live in peace. This is what I hope and pray for. I want to add, however, that forcing artists, or any public figure to voice their political opinions in public and to denounce their homeland is not right. This should be a free choice. I am not a political person. I am not an expert in politics. I am an artist and my purpose is to unite across political divides.
And thus the Iron Curtain fell on her. I think one thing notable about this culture war is that its just that: A war led by culture. The mob vengeance is coming from within the world of arts and sports. In previous world conflicts, the artists and musicians and athletes have been voices of tolerance and bridging political divides, often freethinkers devoted to cultural exchange. Whether it was ping pong diplomacy or the beach boys singing "Back in the USSR". Even when it was controversial and the paranoid nationalists accused them of being traitors, artists thawed tensions. This time around, the cancel culture was already in full swing and the stage primed for the woke generation to get out their pitchforks and demand Russians and their sympathizers be blacklisted from public society.
And importantly: The world isn't being divided as cleanly as it was in Cold War 1. We are not splitting geopolitics to our advantage. The wedge is being driven in a way that favors our only true rival, China. Russia is turning to be more codependent on China. When we demand our allies join sanctions and escalation against Russia, that call was not joined by India, Mexico, Japan, the UAE and KSA, even Israel. For all the incredible amount of time spent criticizing Donald Trump for putting up walls at our borders and isolating us on a world stage, we're doing far worse right now under Biden. The biggest threat is to the US Petrodollar and long term security of the dollar as an investment. When other countries see us flip a switch and seize assets and cut off markets overnight, the oligarchs and businessmen who actually run the world get a glimpse of their vulnerability and the ball starts rolling.