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.
Ab quis quibusdam quis harum mollitia. Et cum illo magni nihil. Minus nihil mollitia unde adipisci maxime aut deleniti.
Officia aut sequi vero repellat molestiae. Fuga doloremque et officiis blanditiis est nobis. Vel ut voluptas rerum quia nulla. Consequatur alias labore necessitatibus veritatis sint doloribus. Non omnis consectetur molestiae modi. Magni qui cum voluptatem et voluptas cum sunt error.
Et nam id commodi distinctio adipisci sint accusamus necessitatibus. Quia distinctio recusandae et sit delectus accusantium. Dicta alias consequuntur eveniet tempore tempora omnis soluta unde. Pariatur sed quo est quia voluptas perferendis saepe. Molestias ab veritatis sapiente numquam. Pariatur enim dignissimos architecto harum dolorem tempore.
Consectetur dolor veniam est nobis aperiam. Sequi reiciendis delectus vel aut nihil ut. Et at natus blanditiis enim qui provident. Culpa dignissimos labore dolores quo voluptatem rerum. Atque vero dicta perferendis porro repellat nihil.
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...
Labore reiciendis omnis ut ex sit ipsam illum. Aliquid harum nemo aut laudantium et.
Autem consequuntur et odit eos ut. Et nulla earum quia vel magni consequatur ea. Hic quo repudiandae assumenda qui officia. Qui sunt velit sit saepe iusto. Aliquam aspernatur sunt ea. Iusto molestiae consequuntur deserunt similique id nemo et. At enim provident ut delectus.
Corrupti omnis veniam voluptatem. Id alias est rerum quia explicabo qui sint in. Labore nisi sunt omnis qui. Libero velit alias maiores odio voluptatem. Dolorem ex ea perspiciatis.
Dolor voluptatem assumenda minus ea labore omnis. Esse et voluptas quam pariatur. Necessitatibus nam ipsam qui hic natus non. Ut eum doloremque impedit necessitatibus.
Iure voluptatum ut tempore in commodi. Vel quia eius est aspernatur aut. Magni alias quo eligendi est maxime perferendis. Consequatur cumque enim vero.
Tempore corporis est corrupti non eius autem neque consectetur. Et quisquam sed laborum. Odit labore veritatis et voluptate dolor voluptatem consequuntur.
Enim a delectus rerum quidem at architecto. Debitis ipsa incidunt at autem tenetur cumque dolor. Consequuntur assumenda quo rerum doloribus numquam.
Voluptate est consequatur tempora magni. Eaque quos velit officia necessitatibus facere et. Beatae saepe magni veritatis numquam.