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“Big Business” n°133: Sanctions, stop or still?

2024-02-26T12:03:12.736Z

Highlights: “Big Business” n°133: Sanctions, stop or still?. Russia unleashed the most massive salvo of sanctions ever launched against a country. There are now more than 18,000 measures targeting Russian individuals or entities. A non-military counter-offensive, mainly led by the West, which continues to escalate. The Russian economy, reoriented towards a war economy, did not collapse. The embargo on energy exports (gas and oil) is circumvented by means of a ghost fleet of tankers that Russia has set up.


EXCLUSIVE LETTER TO SUBSCRIBERS - Two years after the start of the Ukrainian war, there are many questions about the effectiveness of economic sanctions. Should we go further and get our hands on the Kremlin's Belgian money?


Dear subscribers,

The Ukrainian war has now lasted two years - ten, if we take the annexation of Crimea as a starting point.

Russia, with this military aggression, unleashed the most massive salvo of sanctions ever launched against a country.

There are now more than 18,000 measures targeting Russian individuals or entities.

A non-military counter-offensive, mainly led by the West, which continues to escalate.

In recent days, on the occasion of this second anniversary and the death of Alexeï Navalny's opponent, the United States and the European Union have also announced new sets of sanctions.

For what result?

The Russian economy, reoriented towards a war economy, did not collapse.

The embargo on energy exports (gas and oil) is circumvented, in particular by means of a ghost fleet of tankers that Russia has set up to transport its cargoes without using the services of Western shipowners or insurers...

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Source: lefigaro

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