The reason being that for much of the global South it simply isn’t good economics to cut themselves off from Russian oil or primary commodities like fertilizers, minerals etc
Bad economics will certainly lead to major socio- economic unrest and political turbulence in developing countries.
So they will find a way to beat the sanctions.
“It’s the economy, s…..”!
I like this writer for his sane and level- headed analysis, and his conclusion affirms that the era of global finance may just be getting more diverse than most Western analysts would seek to acknowledge.
Last edited 6 months ago by Sayantani Gupta
Billy Bob
6 months ago
No mention in the article of Russia having to increase its cash rate to 15% as a result of inflation largely caused by the sanctions then? High oil prices have allowed the Russian economy to be more resilient than it otherwise would have been but they’ll struggle to keep funding the conflict at current levels with the sanctions in place
The reason being that for much of the global South it simply isn’t good economics to cut themselves off from Russian oil or primary commodities like fertilizers, minerals etc
Bad economics will certainly lead to major socio- economic unrest and political turbulence in developing countries.
So they will find a way to beat the sanctions.
“It’s the economy, s…..”!
I like this writer for his sane and level- headed analysis, and his conclusion affirms that the era of global finance may just be getting more diverse than most Western analysts would seek to acknowledge.
No mention in the article of Russia having to increase its cash rate to 15% as a result of inflation largely caused by the sanctions then? High oil prices have allowed the Russian economy to be more resilient than it otherwise would have been but they’ll struggle to keep funding the conflict at current levels with the sanctions in place