The Unending Farce of US Sanctions against Russia

How has the Kremlin managed to keep the Russian economy afloat since invading Ukraine?

• The immediate collapse of the ruble was reversed by the actions of the Russian central bank and the treasury
• Though locked out of nearly half of its foreign reserves by Washington and its vassal allies, the government in Moscow has used its record balance of payments surplus to make up for the temporary loss.
• Long term, there is little doubt that the sanctions now in place will make Russia weaker and poorer.

The US-China Relationship

• As a demonstration of its capacity to force others in line with its policies, and to get its own population to bear the consequences, Washington has doubtlessly succeeded in sending its intended message to Beijing over Taiwan.
• The fact that their own population would be quite willing to suffer for the reunification of their country, as well as the fact that many countries in the developing world have eschewed following the West's example, provide ample reason to doubt the efficacy of looming sanctions as a deterrent in the event of another Taiwan Strait crisis.

We are doomed to suffer an unending parade of farces under Washington's continued pursuit of a demonstrably failed and immoral policy.

• Karl Marx said that history repeats itself, first as tragedy, then as farce, paraphrasing Georg Wilhelm Friedrich Hegel

 

https://mises.org/wire/unending-farce-us-sanctions-against-russia