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Forums - Politics Discussion - Putin starts sanctions against EU/USA

 

Russia starts sanctions against the West. Is it

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ArnoldRimmer said:

Apart from a few articles now and then from Jakob Augstein, a member of the Augstein family who once founded SPIEGEL, SPIEGEL has become complete rubbish. He openly criticizes the way the magazine has become something like the front line of national anti-russia propaganda.


Is there any German daily or weekly worth it's salt?



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Well, I see that Imperialism is alive and well in the world today. USA, EU, Russia, Israel -doesn't matter what country you live in, we're all apart of it. It's pretty sad.



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Captain_Tom said:

LOL Russia's "Sanctions" are preventing his people from getting food?  Oh how we westerners shake in our boots /s

Not quite. Their sanctions are preventing russian consumers from getting food from certain countries in the world. They can get it from anybody else, including Russia itself. Once we live in a capitalist world, where the power is on the capital (in this case, the money), the strongest side is always who has the money rather than the products to be sold and thus this is far worse for those targeted countries (the sellers) than for Russia's population (the buyers). Russians will much easily find another seller than those countries another buyer.

These sanctions are far more intelligent than the USD sanctions applied to Russia, once in the latter the situation is reversed. Russia is the client of USD and if the seller (USA) "increases the prices", the client will just look intensively for other solutions. Of course the USD is still the world's reserve currency so it's kind of a monopoly. But let's not forget it's a fiat currency and therefore the USA has every interest for Russia to use it. USD sanctions put in jeopardy the whole monopoly and could precipitate the end of the USA's financial dominance.



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Sharu said:
Wyrdness said:
I don't get this by Putin won't this actually make things worse for Russia?

No. It will hit EU mostly, USA/Australia/Canada a bit. Won't make big problems for Russia.

I can't speak for the entire EU, but exports to Russia accounts for around 0.2% of UK food exports. We'll hardly feel it, but presumably countries like France, Germany and Poland will be hit a little harder. The impact on the US, Australia and Canada will be even less negligible than the impact on the UK.

It might not impact rural Russia, but major urban centres, particularly Moscow and St.Petersburg, will be hit hard. Major urban centres in Russia import more than 60% of their food, and much of this comes from the West. If you restrict that supply very quickly, then food prices will rise because there's less supply to fill demand. 

This is a concerning move by the Kremlin because it shows Putin is becoming even more unpredictable. This will harm Russia more than it harms the West, particularly in the short-term, and it isn't going to do anything the prevent the EU or US from taking sanctions further. If Putin's becoming even less predictable and making moves that harm Russia, what's going to stop him from finally intervening militarily and directly in Ukraine?



Let Putin alone !



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Sharu said:
Wyrdness said:
I don't get this by Putin won't this actually make things worse for Russia?

No. It will hit EU mostly, USA/Australia/Canada a bit. Won't make big problems for Russia.

I'd say it'd cause greater damage to European limitrophes rather than core Europen countries. Certain food categories exports into Russia are as big as 50% for these countries, that's murder. Limitrophes might be small but very vocal serving as a leverage yankees have against core Europe, that's otherwise reasonable. While limithophes aren't reasonable by their own nature...

Ukraine Prepares To Impose Russian Gas Transit Ban, Commit Economic Suicide



Lets just hope they don't start marching into other countries like Poland and Czech Republic. I just want this to end.



nice

Zod95 said:
Captain_Tom said:

LOL Russia's "Sanctions" are preventing his people from getting food?  Oh how we westerners shake in our boots /s

Not quite. Their sanctions are preventing russian consumers from getting food from certain countries in the world. They can get it from anybody else, including Russia itself. Once we live in a capitalist world, where the power is on the capital (in this case, the money), the strongest side is always who has the money rather than the products to be sold and thus this is far worse for those targeted countries (the sellers) than for Russia's population (the buyers). Russians will much easily find another seller than those countries another buyer.

These sanctions are far more intelligent than the USD sanctions applied to Russia, once in the latter the situation is reversed. Russia is the client of USD and if the seller (USA) "increases the prices", the client will just look intensively for other solutions. Of course the USD is still the world's reserve currency so it's kind of a monopoly. But let's not forget it's a fiat currency and therefore the USA has every interest for Russia to use it. USD sanctions put in jeopardy the whole monopoly and could precipitate the end of the USA's financial dominance.


It is not as simple as "Getting it from somewhere else,"  and at least in the short term there will be tons of food shortages.



Asriel said:
Sharu said:
Wyrdness said:
I don't get this by Putin won't this actually make things worse for Russia?

No. It will hit EU mostly, USA/Australia/Canada a bit. Won't make big problems for Russia.

I can't speak for the entire EU, but exports to Russia accounts for around 0.2% of UK food exports. We'll hardly feel it, but presumably countries like France, Germany and Poland will be hit a little harder. The impact on the US, Australia and Canada will be even less negligible than the impact on the UK.

It might not impact rural Russia, but major urban centres, particularly Moscow and St.Petersburg, will be hit hard. Major urban centres in Russia import more than 60% of their food, and much of this comes from the West. If you restrict that supply very quickly, then food prices will rise because there's less supply to fill demand. 

This is a concerning move by the Kremlin because it shows Putin is becoming even more unpredictable. This will harm Russia more than it harms the West, particularly in the short-term, and it isn't going to do anything the prevent the EU or US from taking sanctions further. If Putin's becoming even less predictable and making moves that harm Russia, what's going to stop him from finally intervening militarily and directly in Ukraine?


This! Russia is importing stuff for a reason. It might be because foods coming from EU are cheaper, has better quality or just plain local producer cannot meet the demand thus Russia importing to fill in those demand.

it will be good business to local producers since the demand will skyrocket but bad to the general public since the supply will plummet.



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Argh.. Does this really benefit anyone at all?