Maybe India doesn’t want anything to do with Biden’s insanity.
So say you sanction India, then other nations see it and and decide to limit their exposure to the ways DC can harm them. And then one day, you find the Dollar is no longer the world’s currency.
And that is where we are headed regardless of this war.
“Maybe India doesn’t want anything to do with Biden’s insanity.”
As does anyone mwith a brain. Biden is starting to look like Captain Ahab going after the Great White Whale.
The State Department is obsessed mwith Putin, and wants to keep their Ukraine money laundry intact.
They will lose. Thank God. Hope NATO takes a huge hit and disintegrates.
I was actually discussing what you wrote with a friend. It would appear to me that nations around the world have now seen how effective US sanctions can be. Russia’s economy will be absolutely hammered by said sanctions.
What is of interest though is how these sanctions are somewhat ‘different.’ Even the Russians did not expect how massive they would be. Nations have seen how global brands have left almost overnight, how currency has been targeted, how international transfers/SWIFT no longer function, how export routes and logistics have been stymied, how products and services ranging from unhealthy burgers to taxi-and-hotel hailing apps to credit cards to mobile phones have just upped and left.
Russia’s so-called ‘fortress economy’ was made into a sandcastle in under two weeks, and future consequences to the Russian economy may be massive.
I am sure on Beijing (and even places that are not necessarily anti-American like Delhi and Brasilia) there are a lot of mental calculations happening to see how they can maintain some sort of immunity against such action. After all, it was not the typical ‘Venezuela/Iran’ sanctions they’d seen in the past. Not even the type Russia absorbed following the annexation of Crimea. Russia thought it was safe. Ha!
This was literally weaponised economics to the nth level. In its own way beautiful, but it may just have killed globalization. At the very least, it is now the number one priority of China to build measures against it.
It may be a win for Biden against Russia, but it’s a loss against China.