On February 22, two days before Russian troops entered the Ukraine, the US and the EU put reams of sanctions onto Russia. They also confiscated some $300 billion of Russia’s reserves that were invested in the ‘west’. The sanctions had been negotiated between the EU and the US and prepared for over several months. The idea was to bankrupt Russia within a few weeks. The deluded people behind those sanctions had no idea how big and sanctions proved Russia’s economy really is. The sanctions failed to influence Russia in any way but their consequences led to a shortfall of energy in Europe and increased the already high inflation rates. Inflation in Russia is sinking and its general economic numbers are good. The now higher energy prices generate sufficient additional income to completely finance its war efforts. A sane actor would conclude that the sanctions were a mistake and that lifting them would help Europe more than it would help Russia. But no, the US and European pseudo elites are no longer able to act in a sane manner. They are instead doubling down with the most crazy sanction scheme one has ever heard of:
[T]he European Union pushed ahead on Wednesday …read more
Source:: Ron Paul Institute