And sanctions will deter Russia from attacking Ukraine. I’ve heard so many wrong calls and predictions over the years. Trump will never be President, Biden will never be President, elections will never be rigged. America will never elect a black man Maduro government is on on the brink, Assad must go, chemical weapons is a red line, Iraqis will greet us as liberators, It’s too many to count. Being wrong is fine but the God complex, of thinking you know how everything will play out without ever accessing alternative outcomes should probably stop. It has, without exaggeration, killed millions.
“And sanctions will deter Russia from attacking Ukraine.”
No, the purpose of sanctions is to crater Russia’s economy and destroy their ability to finance a military.
Considering that two days ago the ruble was trading in China for R7,830.58 for US$1 I’d say the sanctions are doing what they’re intended to do.
This was the official Chinese government rate for exchange on 4/11:
http://www.china.org.cn/china/Off_the_Wire/2022-04/11/content_78158648.htm
Currency Unit Central parity rate in yuan
U.S. dollar 100 636.45 ($1 = Y6.37)
Ruble 1,299.29 100 (R1229.29 = Y1.00)
Therefore a Chinese dollar value of the ruble per this stated market quote is:
$1 = R7,830.58