What economic sanctions will US impose on Russia

DrBeer

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Quote from: Freeesta on March 17, 2022, 12:49:20 PM

Against such a huge country, any sanctions are ineffective. For a country with such a rich history, there are no outside restrictions. People are used to shocks and nothing will scare them. The economy is not stable and this makes the country stronger. What needs to happen for Russia to be weak? Only weak government. Now we are seeing a man of genius at the main post of Russia. I think that no sanctions will stop or weaken Russia.

What do you mean by "a huge country"? I was born there. And I can say - out of 100% of a really large area, there is life only on 15% -20% of this territory. Everything else is an uninhabitable area, or absolutely depressive areas of no interest!
If we talk about the economy - this is also a fake! Technologically backward resource economy, dependent on Western technologies, without "exclusive" positions - this is the real picture of the Russian economy! Try to name the technologies that were developed and brought to the world market by Russia over the past 30 years? Well ? Not ? Can't find? That's what I'm talking about!

More or less working sectors of the Russian economy are all the legacy of the USSR, but after 30 years of mediocre exploitation, even these sectors degrade and collapse. So before repeating the mantras of Russian propaganda about greatness, I recommend that you clarify and double-check every statement!

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Quote from: Abiky on March 29, 2022, 07:35:08 PM

There's only one way to stop Russia, and that is using force through military action. As long as the war is only between Ukraine and Russia, we won't be accomplishing anything soon. Just my thoughts Grin

As long as Ukraine meets the requirements set forth by Russia, we will see the war ended. No country in Europe or the United States will have a direct military confrontation with Russia, everyone understands that WW3 will break out if the West or the US intervenes in this military action of Russia.

That is why sanctions are constantly being heavily imposed on Russia to prevent Russia from stopping acts of war. but nothing seems to work.

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Quote from: cryptomaniac_xxx on March 17, 2022, 01:28:14 PM

Doesn't really make sense isn't it? US now going back to Venezuela for oil when history tells us that they also imposed sanctions on them years ago because of corrupt leaders and it just shows the dangerous game the US is playing in either side. And now they gave warning to India for buying oil from Russia because Russia is giving them discounts? why not though is Russia is selling them for cheap now why not India can take advantage of it? double edge sword standard by the US.

The US needs to rethink about economic sanctions' effectiveness against Russia, as the invasion has no signs to come to an end. Dealing with Russia's allies (like buying oil from Venezuela) would make current sanctions meaningless. Other countries might decide to deal with Russia directly for oil, but they could also face sanctions by the US and its allies. The damage on the global economy is already done, so further tightening of economic sanctions will only make matters worse in the long run.

There's only one way to stop Russia, and that is using force through military action. As long as the war is only between Ukraine and Russia, we won't be accomplishing anything soon. Just my thoughts Grin

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Quote from: cryptomaniac_xxx on March 17, 2022, 01:28:14 PM

Quote from: LUCKMCFLY on March 13, 2022, 11:19:48 AM

I think that the biggest sanction that can be given to Russia at the moment is that they take the purchase of oil, because given the visits of senior Biden officials to Venezuela, it became clear that they are reaching agreements to sell oil to the USA to try to replace Russian oil, perhaps the production will not be the same as that of Russia, but it is necessary for a country like the USA, which is very consumerist in nature, to be able to satisfy the needs, it will not be like before, but it will not fall to low levels where everyone in that country falls into collapse, I think that prices will increase but the services that have to do with black gold will remain.

Doesn't really make sense isn't it? US now going back to Venezuela for oil when history tells us that they also imposed sanctions on them years ago because of corrupt leaders and it just shows the dangerous game the US is playing in either side. And now they gave warning to India for buying oil from Russia because Russia is giving them discounts? why not though is Russia is selling them for cheap now why not India can take advantage of it? double edge sword standard by the US.

Nothing but I fully agree, something that telling the world that US is playing with the cards that have a high percentage to win, they are now working with Venezuela to sanction Russia but like what you just mentioned years back they also sanctioned this country but look now; they are the one who's in need and they easily manage to work it out, not the same production that Russia can provide but enough to make sure that their country will move forward.

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Quote from: LUCKMCFLY on March 13, 2022, 11:19:48 AM

I think that the biggest sanction that can be given to Russia at the moment is that they take the purchase of oil, because given the visits of senior Biden officials to Venezuela, it became clear that they are reaching agreements to sell oil to the USA to try to replace Russian oil, perhaps the production will not be the same as that of Russia, but it is necessary for a country like the USA, which is very consumerist in nature, to be able to satisfy the needs, it will not be like before, but it will not fall to low levels where everyone in that country falls into collapse, I think that prices will increase but the services that have to do with black gold will remain.

Doesn't really make sense isn't it? US now going back to Venezuela for oil when history tells us that they also imposed sanctions on them years ago because of corrupt leaders and it just shows the dangerous game the US is playing in either side. And now they gave warning to India for buying oil from Russia because Russia is giving them discounts? why not though is Russia is selling them for cheap now why not India can take advantage of it? double edge sword standard by the US.

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Against such a huge country, any sanctions are ineffective. For a country with such a rich history, there are no outside restrictions. People are used to shocks and nothing will scare them. The economy is not stable and this makes the country stronger. What needs to happen for Russia to be weak? Only weak government. Now we are seeing a man of genius at the main post of Russia. I think that no sanctions will stop or weaken Russia.

Abiky

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Quote from: LUCKMCFLY on March 13, 2022, 11:19:48 AM

I think that the biggest sanction that can be given to Russia at the moment is that they take the purchase of oil, because given the visits of senior Biden officials to Venezuela, it became clear that they are reaching agreements to sell oil to the USA to try to replace Russian oil, perhaps the production will not be the same as that of Russia, but it is necessary for a country like the USA, which is very consumerist in nature, to be able to satisfy the needs, it will not be like before, but it will not fall to low levels where everyone in that country falls into collapse, I think that prices will increase but the services that have to do with black gold will remain.

Buying oil from Venezuela would be no different than buying oil from Russia. Everyone knows both countries (Venezuela and Russia) have strong ties with each other. Biden's efforts to punish Russia would be futile if the US buys oil from Russian allies. While current sanctions plummeted the Ruble, the effects might not last for long as Russia seeks to become as self-sufficient as possible. China would be Russia's biggest economic supporter, as previously speculated by the US.

Only a full-scale war with Russia from the US and its allies would put an end to Putin's ambitions. But the West and the EU are taking it too "soft" so things will only get worse from now on. Just my thoughts Grin

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I think that the biggest sanction that can be given to Russia at the moment is that they take the purchase of oil, because given the visits of senior Biden officials to Venezuela, it became clear that they are reaching agreements to sell oil to the USA to try to replace Russian oil, perhaps the production will not be the same as that of Russia, but it is necessary for a country like the USA, which is very consumerist in nature, to be able to satisfy the needs, it will not be like before, but it will not fall to low levels where everyone in that country falls into collapse, I think that prices will increase but the services that have to do with black gold will remain.

Abiky

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Quote from: poldanmig on March 04, 2022, 05:50:52 PM

Russia has received a lot of sanctions now from various European countries, but as far as I can see it doesn't seem like the sanctions have affected Russia in any way, maybe now Europe is also starting to doubt if the sanctions they impose on Russia can stop Russia from invading Ukraine, and even now Russia is getting crazy by continuing to add military troops to Ukraine.
Talking about the sanctions imposed by Europe, I think these sanctions will actually make Europe difficult later, because their may lose the main suppliers of oil and gas and the main raw materials (minerals) for industries in Europe.

Sanctions won't stop Russia from advancing further into Ukraine. As long as Russia has China and other allies' support, it will have nothing to worry about. Only a full-scale war from the US (and possibly other NATO countries) will put an end to Putin's ambitions. But that would be a risk neither of the aforementioned countries will be willing to take since Russia has nuclear weapons in its arsenal.

If the war continues, then it's probable Russia will take over Ukraine. This will further damage the image of the West, as it'll prove that democracy is flawed/weakened. Russia will then find other ways to rise again economically in order to become as self-sustainable as possible. After that, it'll be practically impossible to directly affect the Russian economy with sanctions. Things are widely uncertain these days, so we should be prepared for the worst. Just my opinion

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As usual, of course the US will impose sanctions on Russia, but I'm sure the sanctions from the US and Europe will not have a serious impact on Russia because Russia is a strong country and has loyal allies such as Iran, China or other Russian neighbors.

It does affect Russia because even the individuals who are rich Russians are among those that are sanctioned. If it does have an effect on Russia, it will also affect on US and Europe especially since the winter in the US has finally arrived.

What's striking is that the US push the green light of the Russia-Iran deal of their nuclear deal in exchange for the deal that Iran will supply gas for them. That's quite a surprising arrangement.

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Quote from: dezoel on March 04, 2022, 04:39:47 PM

Quote from: Abiky on March 03, 2022, 06:54:08 AM

Russia has China's support, so current economic sanctions by the West will fail in the long run. To cripple Russia's ability to grow economically, China must also be punished. By penalizing Russia and its allies, Putin will have no choice but to stop the invasion with Ukraine. There needs to be more pressure from the West in order to show its strength. Otherwise, Russia and China will continue to advance until they destroy democracy for good.

Things aren't looking very bright for the world right now, so we can only hope for the worst. Just my thoughts Grin

I do not think that China and Russia could survive all their own. China would not sanction Russia but they will not single handedly support and keep them at higher level neither. It means that West sanctions would have even worse results in the long run. Right now, China could help in the near term, but they can't do that for decades, that is impossible because China is not THAT rich. It means that we are looking at a thing that is not horrible for Russia right at this moment, but not great for them in the long run. I believe that they will have to eventually come to terms and leave, otherwise China can't sustain Russia forever and it will hurt Russia more than it has so far.

I disagree that China isnt that rich, it is one of the most or totally the richest country globally which they could really sustain but we know that their Leader wouldnt really be that dumb enough on babysitting a particular

country just for that kind motive and it wouldnt really going for long term which is understandable.Support would really be just temporal but if they would saw that everything turns out to be already bad
and not sustainable then it wont be a surprise that they would simply cut off ties on these things which i do also have that doubt.

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Quote from: ChiBitCTy on March 03, 2022, 08:40:39 AM

Clearly we haven’t done enough in sanctions to deter Putin from further war. He’s clearly expected these sanctions to happen and he may be crazy, but he’s not stupid, surely he knew that these types of sanctions were not only coming but that they would stick around for quite some time. So therefore in my opinion we really need to start ramping these up.

Russia has received a lot of sanctions now from various European countries, but as far as I can see it doesn't seem like the sanctions have affected Russia in any way, maybe now Europe is also starting to doubt if the sanctions they impose on Russia can stop Russia from invading Ukraine, and even now Russia is getting crazy by continuing to add military troops to Ukraine.
Talking about the sanctions imposed by Europe, I think these sanctions will actually make Europe difficult later, because their may lose the main suppliers of oil and gas and the main raw materials (minerals) for industries in Europe.

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Quote from: Abiky on March 03, 2022, 06:54:08 AM

Russia has China's support, so current economic sanctions by the West will fail in the long run. To cripple Russia's ability to grow economically, China must also be punished. By penalizing Russia and its allies, Putin will have no choice but to stop the invasion with Ukraine. There needs to be more pressure from the West in order to show its strength. Otherwise, Russia and China will continue to advance until they destroy democracy for good.

Things aren't looking very bright for the world right now, so we can only hope for the worst. Just my thoughts Grin

I do not think that China and Russia could survive all their own. China would not sanction Russia but they will not single handedly support and keep them at higher level neither. It means that West sanctions would have even worse results in the long run. Right now, China could help in the near term, but they can't do that for decades, that is impossible because China is not THAT rich. It means that we are looking at a thing that is not horrible for Russia right at this moment, but not great for them in the long run. I believe that they will have to eventually come to terms and leave, otherwise China can't sustain Russia forever and it will hurt Russia more than it has so far.

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I feel US is more dependent on Russia economically and as such US might likely not have any sanction on Russia. Also Russia is self dependent and might not feel much impact of any sought of sanction, i believe Putin must have considered all this before taking his action and must have had enough reserves to fall back to after the war. No one goes to war unprepared

Marykeller

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To seize the offshore wealth of the Russian people and the oligarchy is utter THEFT by the West. The West has taken advantage of other people's hard-earned wealth and they are doing this else in Asia, the Middle East and even Africa. This is arbitrary stealing of other people's wealth by the US and EU king pin Capitalists

Common people die, common people face sanctions, common people suffer from the beginning till the end of the war, these power-hungry bloody leaders enjoy life in their huge palaces under high security.

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Quote from: Abiky on March 02, 2022, 08:04:23 PM

China strongly supports Russia, so I doubt economic sanctions will cripple Russia's ability to finance its military (among other things) in the long term. With full isolation from the global trade, Russia will have no choice but to launch a financial system of its own (based on Blockchain tech). I'd be interesting to know how other countries will react after Russia decides to make such a move. If Russia makes its proprietary blockchain dependent on public chains for security, then it would be completely unstoppable.

Some of you live in an alternate world.
So rather than going into specific let's first give you an example of how things work here.

Do you know 1xbit situation?
They use bitcoin, nobody is shutting down their website, nobody stops them from doing signature campaigns around the forum, but, all the members who know about them avoid them like rabies. So, how does decentralization works for them?

Going into the real world:
Boeing and Airbus have stopped dealing with Russia, this means no more replacements parts, no more planes in the air in 3-4 months, how would a blockchain solve this? Are you going to print some NFTs and stick them on the engine and hope it works?
IKEA has closed its shops, around 2000 employees are now out of jobs and out of money, how do you think a blockchain will solve things? Oh they could trade and everyone will make money and everyone will be rich, right? Cause blockchain is a source of unlimited wealth, right?
BMW, Scania, Iveco, Renault alone employ over 50 000 people there, are they all going to make NFTS and sell them to..who?

I wonder if some poeple haven't completely lost touch with reality here.
When was the last time you printed a burger jpg, eat it and though it was delicious?

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Quote from: Wong Gendheng on March 03, 2022, 04:45:43 AM

The USA is certainly not alone in giving sanctions to Russia, I'm sure they are discussing this with their allies, namely the European Union, perhaps the toughest sanctions are strict embargoes such as those experienced by other countries such as Iraq, Cuba or North Korea. I hope peace will come soon and there will be no more war.

Putin has thought of all the consequences and solutions of the sanctions imposed on Russia and the sanctions Embargo can be an opportunity for some countries or like Russia today to develop self-sufficiency, like the countries you mentioned and not very influential, which in the end just went away.
US sanctions do not harm Russia at all, in terms of changing Russia's behavior, Russia will only respect the power of violence. That's why they laugh at the US every time we sanction them, and what's worse is that the US knows it.

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Clearly we haven’t done enough in sanctions to deter Putin from further war. He’s clearly expected these sanctions to happen and he may be crazy, but he’s not stupid, surely he knew that these types of sanctions were not only coming but that they would stick around for quite some time. So therefore in my opinion we really need to start ramping these up.

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Quote from: DU18 on March 03, 2022, 05:21:43 AM

Currently Russia is under pressure from America and other NATO countries, many sanctions have begun to be directed at Russia by America and its allied countries, such as the prohibition of the use of dollars for international transactions by Russia, stopping imports and exports from and to Russia as well as the economic sanctions they imposed use it to weaken Russia, but I think the sanctions may not have a long-term effect on Russia and it looks like the Russian economy will not fall that easily, because many Middle Eastern countries have relations with rusia, apart from that I know they also have pretty good trade relations with china, and so the effect of the American embargo will probably be less affected for russian ekonomic.

Dunno if it's crazy but Russia can use cryptos if they are restricted to use other currencies for international trade because crypto is also a global currency and it doesn't have a restriction what so ever but with the restriction of the importing and exporting of goods, I don't think they can do anything about that but luckily not all countries are against with them, we know how big china and middle east countries are so this can still make them continue normally despite of the left and right sanctions that they are getting. Putin or the Russian country are strong, this is what they are going to show. They are going to carry this mentality until the end.

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Quote from: DU18 on March 03, 2022, 05:21:43 AM

Currently Russia is under pressure from America and other NATO countries, many sanctions have begun to be directed at Russia by America and its allied countries, such as the prohibition of the use of dollars for international transactions by Russia, stopping imports and exports from and to Russia as well as the economic sanctions they imposed use it to weaken Russia, but I think the sanctions may not have a long-term effect on Russia and it looks like the Russian economy will not fall that easily, because many Middle Eastern countries have relations with rusia, apart from that I know they also have pretty good trade relations with china, and so the effect of the American embargo will probably be less affected for russian ekonomic.

Russia has China's support, so current economic sanctions by the West will fail in the long run. To cripple Russia's ability to grow economically, China must also be punished. By penalizing Russia and its allies, Putin will have no choice but to stop the invasion with Ukraine. There needs to be more pressure from the West in order to show its strength. Otherwise, Russia and China will continue to advance until they destroy democracy for good.

Things aren't looking very bright for the world right now, so we can only hope for the worst. Just my thoughts Grin

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