Russia doesn't care. They've been living under sanctions for years. They're building a parallel economy to live without the US sphere of influence, and they still hold Europe by the heat of their homes. What our markets price their banks at isn't going to matter anymore.Let's be realistic folks.
Russia launched and entirely unprovoked attack on Ukraine. That there would be repercussions to this attack was inevitable. ANY administration, democratic or republican, would have responded in some way.
Sanctions have been used now for decades. That there would be severe sanctions for a massive attack on Ukraine was easily predictable. This is hurting everyone, the USA and our allies, and especially Russia.
Russian companies stocks are bad. Their value has plummeted so bad that Russia hasn't even allowed its stock market to be open for a week! Link: https://markets.businessinsider.com...-sanctions-ukraine-invasion-ruble-2022-3?op=1
The value of the largest Russian bank, Sberbank, has fallen from slightly less than $15 / share to less than $0.55 in a month! (Except that you cannot buy it now) https://finance.yahoo.com/quote/SBRCY?p=SBRCY&.tsrc=fin-srch
Let's not forget that when Pres Trump imposed tariffs on China prices also went up, some very high, although admittedly not as high as gas.
And we as Americans don't have it so bad at all, at least not compared to our European friends. The worldwide price of gas by county puts the USA in the cheaper third of the world. https://www.globalpetrolprices.com/gasoline_prices/
Please do not misunderstand me, I do NOT like this! When I went to work this morning in Fort Wayne the price was basically $4.00 / gallon. When I went home it was $4.25.
The difference is that I am not shocked and do not blame President Biden. We would have done very similar no matter who was president. I'll just be glad when it's over.
Regards,
Doug
We're shooting ourselves in the foot and hoping it'll make Putin's toe hurt in sympathy. They literally do not care. We ran a geopolitical gain of function experiment.
Why the hell is Ukraine our problem anyway? They're not our allies. They're not in NATO. Is this only happening because they wet Hunter's whistle?