SAFCOldie
Striker
I think certainly Germanys sanctions are being overblown due to the energy situation.Right. So lager zone was fun.
Let’s maybe get back to the thread.
Thinking through the sanctions a bit more, some random thoughts
- financial sanctions - swift, oil companies, banks etc…they hit the big guys. But most of their cash is offshore
- then there is the trickle down effect. MOEX is on its arse, rouble is worth nothing, they start to hit the middle class
- Netflix, Disney, football - they start to hit the ordinary Russians
This isn’t Iran or NK. It’s been largely international for decades. You can’t suddenly turn off all of the taps that people have know. And not expect a response. Propaganda only works so long