RE: Ukrainian Invasion: Will sanctions work against Russia?
hi @krabgat
I myself am not really convinced if introducing SWIFT sanctions is a way to go.
Sanctions didn't "break" goverment of Iran, Venezuela or neither North Korea. It only made things worse for regular people. And implementing sanctions which target common people should be as illegal as shooting to them and killing them.
After all, Putin will still carry on with his war. But thousands of common Russians will die because of economic consequences.
Biggest irony is, that as far as I'm aware - european countries are still buying oil and gas from Russia. While revenue from that trade is directly the one used by Russian governing party.
Perhaps you may find my own post worth visiting:
SWIFT SANCTIONS - is it a NUCLEAR WEAPON in financial markets?
Cheers, Piotr
Totally agree with you that SWIFT sanctions are not the way to go. The world leaders are reacting to the hysteria of the MSM - one would expect a logical approach and not emotional. Also, they cannot really sanction Russia because they are too dependent on it, especially for the oil.
Thanks for comment!
Somehow I've missed your reply @krabgat
I would like to say "thank you" for responding to my previous comment.