SWIFT isolation has been in place for years. It was evaded.
There are no sanctions that can do anything. Countries will always object to being coerced economically, bristle and consequences unfold much worse than before.
Iran has been sanctioned for decades. Impact on policy? None. Oil is rather more important than sanctions. In the final analysis, sanctions address that substance created whimsically from nothingness known as money.
Oil is joules. There is no whimsy about joules.
>>”Oil is joules. There is no whimsy about joules.”
Back to the “oil is joules” argument I see. The value of oil to Russia is not it’s joule content but its exchange value. They have enough oil to supply their own domestic needs, but you need more than oil to run an economy.
The money Russia makes from trading their oil on the international market is what allows their economy to survive, and the world, ultimately, doesn’t need their oil. There are plenty of other nations that supply energy.
>>”There are no sanctions that can do anything. Countries will always object to being coerced economically, bristle and consequences unfold much worse than before.”
There are no sanctions that can do anything? What a ridiculous statement. Tariff sanctions brought the world to Trump’s doorstep begging to make trade deals that would have seemed impossible 4 years ago. As far as countries always objecting to being coerced economically, they can object all they want. Europe bristled when Trump hiked their tariffs and when they were done bristling, they came to the table.
>>”SWIFT isolation has been in place for years. It was evaded.”
SWIFT isolation has been used in targeted situations, not across the board. Russia still trades using SWIFT and finding alternative payment methods is costly and takes time to implement.
>>”In the final analysis, sanctions address that substance created whimsically from nothingness known as money.”
What a ridiculous comment. Sanctions address trade, not money. And trade is anything but nothingness. It’s the lifeblood of a modern economy.
>>”Iran has been sanctioned for decades. Impact on policy? None.”
Really? It was the lifting of sanctions under Biden that allowed Iran to ramp up oil production again and fund Hamas and the Houthis which ultimately led to October 7th and Houthi aggression.