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If the US does what they should, they should completely blockade Russia from any access to the West, including SWIFT blockade, trade embargo, complete visa revo
by zzleeper 5y ago
If the US does what they should, they should completely blockade Russia from any access to the West, including SWIFT blockade, trade embargo, complete visa revocation, etc. This is not that useful (sp not compared to doing it 10 years ago) but still helps to reduce Putin's ability to keep waging war as it cripples Russia's economy.
BUT that of course has a cost to the West. Less business, risk of recession, risk of stagflation, etc. and that definitely tanks the economy. Until yday Bloomberg estimated the SP500 was trading at a 10% discount due to war concerns (my take is only ~5%) and overnight it has fallen only 2%, so I don't think a 2% fall over the largest war Europe has seen since WW2 is particularly large.
- frontman1988 5y agoSevere sanctions will only end up hurting the average russian citizen. In a dictatorship, that's a good way to create further instability. You don't want to make a Afghanistan out of Russia. Especially not with the number of nukes they have.
- TekMol 5y ago> risk of recession Why would those sanctions on Russia bear the risk of a worldwide recession? Russias economy is smaller than that of Italy, isn't it?