this post was submitted on 12 May 2024
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I think the other important outcome is that the sanctions are a catalyst for a new economy emerging outside western control. Russia is just too important of a resource exporter, and now that countries can't trade with Russia using SWIFT, we're seeing now ways of settlement being developed. However, these will not be restricted solely to trading with Russia going forward. Western sanctions on Russia ended up undermining one of the most powerful tools of coercion that the west had at their disposal.
The countries sanctioning Russia are almost the same as the countries that don't recognize Palestine. !alwaysthesamemap@lemmygrad.ml
it's incredible how so many people living in these countries still can't see that they're on the wrong side of history
A lot of sanctions also seem to affect citizens of Russia, but not the government. Oil trade with Europe seems to hit all time heights (although some say that this will change in 2024, we'll see), but private packages get reverted.
There are a lot of people who had become sour over this and now support their country while they were against Russia before the "sanctions". Also, I read somewhere here that oligarchs now tend to return the money back into Russia, improving the economic situation, because of how sanctions on them aren't based on their actions but only on citizenship.
Also Forbes reported that $ billionaires in Moscow has grown by 12 and it now shares second place with Hong Kong in the amount of billionaires living there ¯\_(ツ)_/¯