this post was submitted on 16 Mar 2024
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[–] Tar_alcaran@sh.itjust.works 21 points 8 months ago (2 children)

It doesn't though. Raising costs by forcing a country to dodge sanctions is very effective. A supply will never entirely dry up, but it will shrink and become more expensive, and that's enough.

[–] Alsephina@lemmy.ml 13 points 8 months ago* (last edited 8 months ago) (2 children)

So far sanctioning Russia and China has mainly just sped up the Global South's economic integration and China's becoming self-sufficient. I can see this happening with Iran too since its economy is already somewhat Global South-oriented.

Though of course, sanctioning less developed countries like Cuba, Venezuela, DPRK, and Afganistan does successfully greatly harm their working-class population, and it has.

[–] jonne@infosec.pub 9 points 8 months ago* (last edited 8 months ago)

It's just speeding up dedollarisation at this point. Trade is increasingly done in other currencies because the US dollar is just a minefield of sanctions and regulations. The US had this power back when they produced everything people needed, but nowadays everything's coming from China, so why involve a third party in your trade that can freeze your accounts for no reason?