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https://www.theguardian.com/world/2022/feb/25/western-powers-have-realised-russia-is-largely-immune-to-sanctions-ukraine-putin
Feb 25, 2022 11:27 PM
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https://www.theguardian.com/world/2022/feb/25/western-powers-have-realised-russia-is-largely-immune-to-sanctions-ukraine-putin
breguet
Wrong! Facts: PornHub just banned Russian users
Macsmyboy
Start with confiscating the oligarchs assets, first Chelsea FC, all their real estate, this thing change pretty quickly..
tcpolecat7
That's why we need to get in there. I know people are scared of the nukes, but MAD is a tool to stop us from doing what's right.
donthideyourright2
Bish.its been 2 freaking days! TWO! So tell that guy to stfu. They work. But not in two damn days. For the love of Benji
johnvilnis
The important part is short term. Yes Putin built up a stockpile of money and gold but he was expecting to finish Ukraine in days.
sweetfeetpete
It’s an oligarchy. So hit the oligarchs. And where do so many of them have mansions?
FailedCrate
Especially when certain nations slip in shit like "no, not mah diamonds" or "muh luxury fashion", yes looking at you Belgium & Italy!
FirstLegionOfTerra
You know what DOES have an impact? Bullets and bombs.
cranialbomber
Embargo
soulmercenary
I saw an article about putting the sanctions on the Duma by Angus Roxburgh. Seemed reasonable to single out 2000 or so folks that run Putins
soulmercenary
Government and give it some air of legitimacy.
H4vita
For now. They were prepared. But for how long?
transparentantelope11
Duh. Finally.
ChalkCoatedDonut
Those sanctions are the governors way to say "i am doing my part, now vote for me", using war as a political platform.
Green223
They haven't "realized" anything. They already knew. No one was expecting an immediate impact.
Auxilium
"It'll crash any day now" © 2014
IAgreeWithTheSpottyTwerps
War chest of foreign assets you say? Be a shame of all of those foreign assets were seized.
Dasnekones
That is so not true. Just the fact that the Russian stock market and currency crashed is proof enough.
Reorder
im shocked
EmsTekTube
Iblamemyparentstoo
https://www.cbsnews.com/news/russia-sanctions-swift-network-financial-transactions/
mksu
Have we tried shooting Putin? I feel like shooting Putin might prove pretty effective at stopping Putin.
mllecamill3
Well, who would have thought that putin did anticipate this.. He is not stupid. The West has now to be mercyless.
EroticZombiePants
China will still gladly trade with Russia.
DaveSamsonite
China is going to be Russias partner in this. Stated 2/26 9 am US Central.
moltencorgi
Would help if the sanctions weren’t dog shit attempts to begin with. Germany still getting all its energy from there. US bought a fuck ton/1
moltencorgi
Of oil from Russia right before the sanctions. They’re not even close to feeling the impacts of these sanctions.
JorgeLourenco
Ukraine needs to blow up the gas pipeline to Europe. I’m serious.
AncientSeraph
Long-term I think it would be a bad idea re international relations, but the luxury of long-term thinking is quickly leaving them.
4vie
Puts Germany (and probably others) in a bit of a spot, but... yeah. Split that pipeline open like a haggis!
ataradov
Sanctions actually work quite well, but their effect is not instantaneous. Crimea round did some harm to local microelectronics industry.
zerovanity59
The UK tried to win the Great War in 1914 with sanctions. They created a global recession and had to (secretly) start funding Germany.
IAmTheBadW01f
I've never heard that before, do you have any recommended reading where I could learn more?
zerovanity59
Nicholas Lambert did a lot a research on this topic. See his book, "Planning Armageddon: British Economic Warfare and the First World War".
ataradov
They will not stop Putin or change his actions. But they do have economic impact. Unfortunately they do affect regular people the most.
hippophile
We did sanctions in 2014 and they did nothing to stop Putin then, why would it be any different now.
grimdis
Did nothing, which is why he worked so hard to get puppet trump in office for 2016 to remove the sanctions
thepsudo
Saying "sanctions" is like saying "rules." Change the rules and you change the game.
TotallyNotVillain
The 2014 sanctions were the first of their kind against Russia. Comparing current to 2014 sanctions is like iPhone 13 vs. original iPhone.
irvingb01
Bigger sanctions?
MeSoErnie
The sanctions targeted certain individuals and businesses. We tried not to harm civilians. Now we need to just shut the entire country off.
TinFoilKat
People are being naive if they think that will happen. Europe is dependent on Russian oil
bigVanilla
Their stock market dropped %50 overnight. That's epic. It will hit them hard, what other option are you suggesting? Nuking e/o?
CastawayKyle
Stock prices are influenced by what people are willing to pay, though. They don't reflect a proportional financial impact.
stulfer
Stock markets arent a reflection of an economy, just a portion and a small one at that of the economy
hippophile
We need to increase presence and security at neighboring countries, Romania, Hungary, Poland, maybe Moldova.
bigVanilla
That's already been happening, we did that back on Feb. 2nd and it's continuing to increase and position defensive forces.
bigVanilla
https://www.defense.gov/News/News-Stories/Article/Article/2920844/us-to-deploy-3000-troops-to-romania-poland-germany/
bigVanilla
Not just us but NATO as well. https://www.politico.com/news/2022/02/25/nato-deploy-troops-eastern-flank-ukraine-00011902 All Happening
Grimmy32
He's only 'immune' until SWIFT is blocked. The main aim is to hurt those supporting Putin as they are his keys to power.
sirjooz
Putins German friends won't let that happens. It's an embaressment for UE
gren2del
Swift is not a magical remedy. More important news is Chinese national banks stopping financing for russian commodities.
Gunslinger2071
Then we keep up the sanctions, for months if not years, until they collapse.
hamiller666
Russia and China have been busy building alternatives to SWIFT to handle international transfers in rubel/yuan to counter such sanctions. 1/
hamiller666
Both services steadily growing in volume and weaponizing SWIFT might bolster them to the point of damaging the west more than russia.
hamiller666
I'm not saying that SWIFT sanctions would be pointless, but they are double-edged and less of kill-switch than most people seem to think.
J0hnny5isalive
They need to pull SWIFT access now. He has threatened Finland he has gone nuts and won't stop until someone in Russia makes him some "tea".
copingcabana
With crypto, they can get around that, too
Grimmy32
Not in large enough quantities, and not most major businesses - the immediate effect would be dire.
redpandabanana
Crypto is also tanking
AawesomeAardvaark
Um, no it's not. At all.
MouseDenton
They've outright said sanctions are long term efforts; they're not there to stop this war.
Ericcantona7
Yeah the assertion of this article that the west expected the sanctions to have immediate effect is just pure BS. No one thinks that
OuchMouse
Article is irresponsible and is basically misinformation IMO. Even in announcing the sanctions, Biden himself said they wouldn’t end the war
MenloPart
No sanctions would make nearly as large a difference as embargoes on Russian oil and natural gas, but SWIFT will interfere with that, at
MenloPart
least for now.
DaveSamsonite
How about we sink his yacht for starters.
OuchMouse
The article’s introduction is madness. I have never heard anyone anywhere say they thought sanctions would “quickly” end the war
blaghart
the writer, Phil Inman, is a hardcore supporter of straight up dismantling Russian influence outside its borders and regularly holds
blaghart
politicians to task for talking a big game about dismantling Russian shell companies but never doing so. This article is more of that
msd3k
The idea is basically Afghanistan 2.0. Sanctions + drawn out proxy war bankrupts Russia...again. But squeezing those sanctions harder-
MenloPart
We need direct sanctions on Russian oil and gas, their major exports.
msd3k
-would speed things up.
Shaodyn
Ferengi Rules of Acquisition, # 34: War is good for business.
DaveSamsonite
In a fantasy world in outer space where you could die at any second for 1000 reasons.
Shaodyn
The point is that war generally is good for business. Sanctions might actually be having the opposite effect.
DaveSamsonite
Yeah, I know. For someone’s business, not for the people of the nation being attacked . I watched DS9 and capitalism is not a religion!!
Shaodyn
Capitalism is almost a religion in the US.
DaveSamsonite
Sanctions cause nations doing sanctioning to improve their own trade balance generally. Can hurt or help based on relative self sufficiency