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Only US, EU and allies (partially), there are plenty of countries (China, India, Pakistan, Brazil, etc) who didn't join the sanctions.
by riku_iki 5y ago
Only US, EU and allies (partially), there are plenty of countries (China, India, Pakistan, Brazil, etc) who didn't join the sanctions.
- adventured 5y agoUS GDP > GDP of China + India + Pakistan + Brazil. Global reserve currency = USD. Pakistan? Ha, comeon. Now let's add in the other US allies (EU GDP is ~$16t-$17t, roughly equal to China; Canada and Australia both have economies larger than Russia). And we're just getting warmed up. Most of the global economic might is with the US and its allies. Russia can be successfully smashed economically, and it'll be far easier than it was with the USSR.
- riku_iki 5y agoIt doesn't matter. What matters is that they (China + India + Pakistan + Brazil + 100 other countries) will continue buying Putin's oil.
- adventured 5y agoLike they're buying oil from Venezuela, Syria and Iran? There's five to six million barrels per day the US pulled off the market (that it can put back, and choke off Russia instead). Russia can be smashed economically, and that includes gradually choking off the potency of their energy sector (even if it can't be entirely crushed). Give the US a small bit of time to ramp production and it'll happily replace three million barrels per day of Russia's oil production at $90-$120 / barrel.
- riku_iki 5y ago> Like they're buying oil from Venezuela, Syria and Iran? I think it is different case, US says they will prosecute/sanction anyone who do business with those countries. US didn't apply such measures on Russia. In my understanding, EU is still buying Russian oil and gas and doesn't have plans of banning it.
- krageon 5y agoThe US is a mountain of debt under bad leadership. It doesn't actually create very much of value anymore and has not for years. It is very bad for such a country to lose trade relationships, because that's all it has.
- i67vw3 5y agoI don't think these countries care about ukraine-russia conflict the way the western world cares. Humans have biases due to tribalist nature. That is why last year no one gave a shit about the Armenia-Nagorno-Karabakh-Azerbaijan conflict. That is why no ones gives a shit about Ugyghurs. So, West cares about ukraine, christians care about armenia, muslims care about palestian, jews care about israel, pakistan cares about kashmir, india cares about tibet, sunni cares about other sunni's while shia's care about shia's. etc. So, western users (people) think that all the world is caring about ukraine the way they are doing, but it may be not like that. Countries like india, china will have their mouth watering as they are going to get resources (like gas/oil for china, minerals/weapons for india) at cheaper prices due to sanctions.
- zoomablemind 5y ago> ...So, western users (people) think that all the world is caring about ukraine the way they are doing, but it may be not like that. Sure the whole world *is* caring. This is the first time in many decades (since, what, the Caribbean Crisis?) that a major nuclear arms nation, that also is a veto-holding member on the UN Sec Council, has threatened to be ready to use its nuclear arsenal against anyone daring to interfere against its brutal and premeditated invasion of a sovereign nation. None of the existing checks and balances, like the UN, or bi/multi-lateral treaties, nor the "world police" is currently able to do any direct military action to counter the brazen actions of the Russian Federation against Ukraine. Everyone witnesses the nuclear weapons being already "used" unilaterally by Russia, without being physically launched. That is the nuclear deterrent as we've known it has been eroded. This cannot not catch attention of any state, nuclear or not. The whole world got less secure overnight Feb-24, 2022.