The EU sanctions on Russia are a joke
Basically, the sanctions will consist of moderate restrictions regarding access to capital markets for Russian banks and trade of goods in strategic industries : https://on.ft.com/3IhPoq1
The measures would extend the list of Russian banks blocked from EU financing to two private banks, Alfa Bank and Bank Otkritie, on top of five state-owned institutions. Lending and purchase of securities would be prohibited in a series of state-owned Russian enterprises, including companies in the aerospace and defence sector, shipping and shipbuilding among others.
The new regime will contain a wide-ranging regime of export controls on goods that can be used by the military as well as a range of advanced technology items, including electronics, sensors, telecommunications, marine applications and lasers. Russians would not be able to make any new deposits of more than €100,000 in EU banks.
The measures are not expected to include new sanctions on individual oligarchs.
Russia won't even be kicked out from the SWIFT payment system because Germany thinks it's too harsh : https://on.ft.com/36F1vzN
Boris Johnson, the UK prime minister, on Thursday pushed “very hard” to remove Russia, according to officials, but he admitted to MPs that it was “vital that we have unity” on the issue among western allies.
Olaf Scholz, Germany’s chancellor, warned his country had reservations about such a dramatic move and so did the EU, according to officials close to sanctions negotiations.
Pretty sure the Russians are laughing their a** off at this.
I don't see any reason at this point for Putin not to invade the Baltics or even Poland - and don't say he won't because they are NATO members so the US, the UK and France will intervene, they won't, they will not risk nuclear war to save Lithuania. (Same logic applies to Xi and Taiwan.)
You're blaming geopolitical issues caused by reliance on fossil fuels on...... an environmental activist who wants to rely less on fossil fuels?
Germany did choose to shut down their reactors after Fukushima, which was a poor and environmentally unfriendly choice, but that was not caused by Greta. And recently they've been doing great at switching to solar and wind.
Vel quo velit impedit velit. Ipsam omnis harum non qui.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...
Ut voluptatem recusandae amet tempore magni unde quis. Libero atque rerum ut molestiae. Qui placeat voluptatum ea. Officia officia cumque cumque vel.
At quia impedit vitae. Consequuntur saepe minima omnis quo dicta neque harum. Ea qui autem vero totam velit.
Ut nemo iure aliquam omnis quo beatae. Et tempora doloremque non. Atque repellendus cupiditate in ut repellendus quisquam.
Harum error commodi voluptates eius. Praesentium sit nisi laudantium officia et voluptatem libero. Non non quia qui nisi voluptatem dolore. Exercitationem illum aut reprehenderit.
Exercitationem assumenda et ut sint quasi placeat laboriosam. Quas ex aut sed rerum non.
Consequatur sed voluptatem autem id. Illo et necessitatibus tenetur perspiciatis quis. Accusamus veritatis dolore et nisi.
Soluta non dolor rerum quidem sit. Voluptate mollitia tempora doloribus amet. Asperiores vel sed facere nam iusto excepturi.
Cum et aut facilis ipsum. Maiores quia atque tempora accusamus dolores voluptatem voluptas. Velit aut laborum assumenda rerum tempora sit ut accusantium. Fugiat quod laboriosam consequatur qui. Aut laudantium voluptatem cumque quis sint placeat quis.
Eveniet blanditiis sunt magni eos reprehenderit. Officiis fugiat qui alias unde sit officia similique placeat.
Quas sed dignissimos adipisci et a voluptatem numquam quo. Nihil laudantium sed sed nobis voluptates sunt fugiat. Nulla sint beatae voluptatem laudantium quas minima sunt.
Dignissimos nisi sit sint sint nobis eaque. Assumenda beatae velit nemo eum tempora. Accusantium officiis aliquid et fugit voluptatibus. Fugit consectetur et voluptas illo molestiae.