If we have learned anything by now, is that sanctions do not work, especially in places where there is decent education:
China is building now very thin chips, on the range of 7 nano-meters and even lower.
North Korea has not only aromic bombs, but also the ability to deliver them to the US.
Iran has overcome the sanctions and now its arsenal of balistic and cruise missiles of proven high accuracy sends shivers to the Israeli and US establisments.
As for the Russia and Russians, there is absolutely nothing the US can do to curtail them.
All the while the oil & gas transactions move away from the US dollars. Already 20% is done in other currencies...
It seems sanctions against Arctic LNG 2 are enforced more thoroughly than sanctions against Russian oil (ie the $60 “cap”). Why is that?
One reason could be that it’s easier to monitor a few LNG carrier shipyards than a fleet of aging oil tankers, but I’m not sure that fully explains the difference.
If we have learned anything by now, is that sanctions do not work, especially in places where there is decent education:
China is building now very thin chips, on the range of 7 nano-meters and even lower.
North Korea has not only aromic bombs, but also the ability to deliver them to the US.
Iran has overcome the sanctions and now its arsenal of balistic and cruise missiles of proven high accuracy sends shivers to the Israeli and US establisments.
As for the Russia and Russians, there is absolutely nothing the US can do to curtail them.
All the while the oil & gas transactions move away from the US dollars. Already 20% is done in other currencies...
Another brilliant post Seb!
Great post Seb! well done
It seems sanctions against Arctic LNG 2 are enforced more thoroughly than sanctions against Russian oil (ie the $60 “cap”). Why is that?
One reason could be that it’s easier to monitor a few LNG carrier shipyards than a fleet of aging oil tankers, but I’m not sure that fully explains the difference.
Never underestimate the resourcefulness of the Russians.