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Let's be fully clear about this; while Russia's invasion has some direct effects, the bulk of the economic effects are from the response to its invasion, primar
by cykros 4y ago
Let's be fully clear about this; while Russia's invasion has some direct effects, the bulk of the economic effects are from the response to its invasion, primarily in the form of sanctions on fuel and petroleum derived fertilizers, rather than following as an immediate effect caused by Russia's actions.
The matter of whether or not the response is justified is another matter, but to clearly understand the economic situation it must be recognized that a choice was made regarding a response, and that choice is what has left us with these repercussions.
- sofixa 4y agoIsn't the Russian blockade of Ukrainian exports of foodstuffs of a much higher impact? Are there even sanctions on "sanctions on fuel and petroleum derived fertilizers"? I was under the impression that nothing food related was sanctioned.
- WastingMyTime89 4y agoRussia is not really blocking exports. Each side accuses the other of being responsible. Ukraine put mines around deep water ports but say they can’t be removed because Russia would then use its fleet. As with every war, nothing is as simple as it seems in Ukraine.