Since the beginning of the Russian invasion of Ukraine, the Western sanctions program can best be compared to an interrogator who first amputates a victim’s arm and then, brandishing the severed appendage, threatens to begin slitting its wrist and tearing out fingernails. As early as March 2022, for example, Russia’s foreign currency reserves were frozen by the United States and European Union, severely restricting the ability of the Russian state and nation to purchase manufactured goods from the west raise capital, and pay its bondholders. A week later, though, having already had its...
Western Politicians Tried (and Failed) to Legislate Tides of Russian Oil
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