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Eritrea is a sink hole of human rights abuse. Still, it's an odd choice for them to side with Putin given their long history of control by foreign states.
The Communists will not go against Russia. The Communists in our democrat party are buying oil from Russia to boost the money to fight against Ukraine because Ukraine does not want to live under Communist rule when it was the United Soviet Socialist Republic.. This is why they are so dedicated to fight against Russia. They know what it is like to live under Communist rule.
"Sieg heil" to you too little bunny rabbit. Go burn a cross someplace on Putin's lawn.
Communism means the state owns the means of production.
Russia is not a Communist country.
The US has been buying crude oil and petroleum products from Russia since at least 1995, including Trump years.
The US has never been energy independent - producing and refining what it consumes, despite the blah- blah from a former POTUS. The US produces mostly light crude oil and imports heavier crude. Most refineries were designed for heavier crude.
Unlike most of Europe, the US is in a better position to cut Russia off , if and when, because it has other sources.
Ukraine is and wants to remain an independent sovereign state as most countries do.
The point you are missing/ignoring is, should the need arise to boycott Russian petroleum exports, the ability of the US and Canada to make up for Russia's share of the world's oil supply is essential.
Russia is emboldened by the West's dependency on their petroleum exports.
They know they have us by the balls and any response we might have to their invasion of Ukraine will be tempered by this ongoing need.
China, India, and ASEAN league won't do sanctions, Russia anchors EAEU. USA/EU/Japan will. Sanctions will hurt but cannot cripple Russia when you look at trade this way.
China, India, and ASEAN league won't do sanctions, Russia anchors EAEU. USA/EU/Japan will. Sanctions will hurt but cannot cripple Russia when you look at trade this way.
Yep, exactly what I was thinking, the fact that so much of the world's commerce is going to continue trading with Russia means sanctions can only have a limited effect. It will definitely cost Russia some cash, but they can reroute their trade practices over time to the nations that don't have sanctions.
80% of world trade in conducted in dollars with the euro, yen and British pound making up most of the rest. Russia is locked out of using those currencies, which is why it Is near default and its central bank is propping up its banks as they are nearly insolvent. Look at GDP in dollars and you will see just how weak Russia's economy is on the world stage. Canada has a larger economy than Russia.
80% of world trade in conducted in dollars with the euro, yen and British pound making up most of the rest. Russia is locked out of using those currencies, which is why it Is near default and its central bank is propping up its banks as they are nearly insolvent. Look at GDP in dollars and you will see just how weak Russia's economy is on the world stage. Canada has a larger economy than Russia.
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