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by DennisP
1206 days ago
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Also they import about 90% of their oil. They probably assumed that sanctions would not be all that severe, given their pivotal position in the world economy. Perhaps they'll reconsider after seeing the level of sanctions against Russia. |
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>> Also they import about 90% of their oil.
> They probably assumed that sanctions would not be all that severe, given their pivotal position in the world economy. Perhaps they'll reconsider after seeing the level of sanctions against Russia.
Why? Russia has successfully bypassed most of those sanctions. There have been many articles about that.
Sanctions like that will only work if the entire rest of the world lines up behind what leading western nations want, and the Ukraine war show that probably won't happen.
Russia's big exports also happen to be food and oil...