Yankee Slings and Arrows not Likely to Affect Russian Economy

Yankeedom’s sanctions on Russia don’t apply to banks which provide loans to energy export companies or banks which deal with energy and agricultural commodities, because sanctions there will affect the global economy. As this article says these sanctions will not impact the Russian economy. Russia is hardly in financial debt. What myopic Yankeedom policy development hasn’t factored in is how these sanctions will affect the world economy. These sanctions, especially around SWIFT, will only drive Russia and China to develop an exchange system outside of SWIFT faster.

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