Quote:
Originally Posted by T3rminator
Russia, China and even the EU have been slowly decoupling from the US dollar for quite some time now. I think there were even talks around establishing a secondary SWIFT like transaction system. Rise of the cryptos? At some stage, financial sanctions imposed by "the west" will have very little impact.
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That's generally not what is meant by sanctions.
The world could bring Russia to its knees, if we had the balls and were prepared to stomach the fallout.
But we don't.
Nobody is willing to weather the recession it would probably trigger.
Plus there's no chance of getting China to play ball, and without their cooperation, western sanctions would simply benefit China.