Quote (Black XistenZ @ Mar 22 2022 06:25am)
It's Europe that's bearing the economic brunt of this war. They are the ones doing far more trade with Russia than the U.S., they are the ones who depend on Russian gas and oil, they are the ones who will have to shoulder almost all of the costs of housing millions of Ukrainian refugees.
Regarding Russia's resources, it must be kept in mind that Russia has virtually no other economic asset - they will absolutely continue to sell them on the world markets, they have no other choice. The West might phase out of Russian gas and oil in the medium-term future, and Russia might build new pipelines toward China and perhaps also India, but the overall amount of gas and oil that Russia provides to the world markets will, in the long run, stay roughly the same.
edit: one more thing: the world as a whole cannot have any interest in Russia going into total collapse. Crushing them economically to the point that there's mass starvation and riots on the streets is not a palatable option, we don't want that kind of chaos in a country with thousands of nukes.
Europe is doing more I guess, but they're actually the ones being attacked by Russia. Ukraine is a European country and a peer of Germany.
Russia bombing Ukraine and the Poland border would be like of Oklahoma bombed Missouri and I was in Ohio. Those motherfuckers can march to you, and they sacked your Reichstag before lol.
Europe also has a history of trying to appease dictators who are murdering their neighbors with poor results and that seems to be happening here and nobody in Europe is actually doing anything to Russia outside of not trading with them.
Quote (Lebanon961 @ Mar 22 2022 07:00am)
Btw Goomshill makes a great point about when sanctions are overused :) At some point, you stop isolating the adversary and start isolating yourself. Maybe that point has not been reached yet but it is damn close. China can not be sanctioned in that way for example, and be sure many many entities will pull their money from Western banks and reduce dependence on Western financial institutions after demonstrating that being part of these systems is only beneficial as long as your don't have disagreements on foreign policy.
We aren't going to isolate ourselves playing this game with Russia because Russia doesn't actually have an economy or anything. They don't produce or export anything. They have been a rapine economy for years.
Since Putin is actually a war criminal now I do not think this will be too much of a problem.
This post was edited by Skinned on Mar 22 2022 05:52am