It doesn’t really work out as well when the country you’re sanctioning out produces yours in primary commodities. Russia has far too much precious metal for any monetary sanctions to work, that and the point of brics is to remove the Wests sanction ability
Comment on Russia finds way to buy sanctioned Nvidia AI chips: through Asian countries.
ikidd@lemmy.world 2 months agoIn the end, it makes it much more expensive for supplies, reducing the amount they can spend on other fuckery. Yah, they’ll still get them, but when inflation is rampant and you have highly reduced foreign trade reducing available foreign reserves, it makes its mark. Look at Cuba.
dontgooglefinderscult@lemmings.world 2 months ago
barsoap@lemm.ee 2 months ago
Cuba doesn’t really pay much of a premium on their imports they’re just cut off from the US. Did you know it’s illegal for EU companies to bow to US sanctions on Cuba?
Cuba’s main issue is that they never really industrialised. Like, they’re importing light switches from the EU and are paying in rum, honey, nickel, and tourism. Which actually wouldn’t be an issue if they weren’t dependent on energy imports.