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Tuesday, July 5, 2022

Washington’s Sanctions War Kneecaps the West, Not Russia

 David Stockman

June 28, 2022

Washington’s cowardly proxy war against Russia reached a new level of absurdity over the weekend.

To wit, the G-7 knuckleheads declared an embargo on imports of Russia-sourced gold and forced Russia into technical default on its foreign debts by forbidding US companies from collecting the payments which Russian debtors had deposited in their accounts at non-sanctioned Russia banks.

In a word, ordinary commerce has become so weaponized by Washington that the world’s oldest money can no longer be freely exchanged on international markets. At the same time, interest payments made in good faith by Russian borrowers have been effectively seized and frozen in place by the US government.

 Trade with Russia in January 2022 increased considerably year on year -  German Federal Statistical Office

And yet, where are the free enterprise Republicans?