The economic sanctions on Russia

[mayfly13]

Not only that they're differentially enforced (only half of Russian olygarchs are sanctioned,Germany/Denmark etc still paying Putin's soldiers etc.)
but they never stood one chance of starting to work any sooner than one year from now.
And they knew it, just look at Yemen.


So why are they doing them, then?
Out of impotence, to look like they're trying to do something?
Some other goal?

 

[mayfly13]

it also looks like other countries are suffering a lot more from these sanctions, than Russia is.

 

[mayfly13]

I guess our Western Corporate overlords are much better.
At least they don't jump on us and hack us with a saw.

 

[mayfly13]

It looks like IMF, too is making a buck out of the Ukraine gravy train.




It’s Time to Cancel Ukraine’s Foreign Debt
By Heidi Chow

"As bombing and shelling ripped through Ukraine’s towns and cities in the first week of the invasion, the Ukrainian government still made a scheduled interest payment to its private lenders on time. The lenders — mostly international finance institutions, banks, and hedge funds — are all queuing up to collect their debts, with no sign of respite.

Since the invasion, Ukrainian dollar-denominated bonds, which were issued as part of its 2015 debt restructuring, have been trading at around 25 cents on the dollar. This reflects the high risk of default, but also means that if Ukraine continues to make its debt payments, Western banks and hedge funds could make profits of 300 percent.

The response of multilateral institutions has been to give even more loans to Ukraine. Since the war started, the IMF has given a £1.4 billion emergency loan, while the World Bank has provided a $723 million financial package that includes $589 million in loans. These new loans are being piled on top of Ukraine’s already unsustainable debts."