Bobko
1 Jan 2024 #1741
Sanctions like the ones imposed are not a threat for any country
...
Maybe the JD has been sitting around since before the war started
You guys have not been paying much attention to the sanctions packages against Russia it seems. Not to worry, most people have this same pedestrian understanding of what's been done to-date, and by whom. TBH, it is a little hard to make sense of who sanctioned who.
Here's the brass tacks:
1) Neither the EU, nor the US have applied any sanctions to Russia in the fields of agriculture, food, or medicines.
2) Here's a response from the Treasury Department this Summer:
U.S. Response The United States has not imposed sanctions on the exportation of agricultural commodities, medicine or medical devices to, from or related to Russia.
3) I know many of you are eagerly waiting for us to die from curable diseases or malnutrition, but it seems at least that your bureaucrats have decided that would be a step too far.
4) What has been happening in practice is so called "self-sanctioning". Coca Cola and McDonalds are probably the two most prominent examples. Fearing the PR backlash of continuing to do business in Russia, these companies simply exited themselves. Irritated by this, the Kremlin has been helping find those assets new owners.
5) After "self-sanctioning", there are finally Russian sanctions themselves (YES, THEY EXIST). It is in fact, Russia that has been applying sanctions onto ITS OWN imports. This is something Putin wanted to do for years, but was not able to due to it being anti-competitive under WTO rules. As a result, Russia's food industry was dominated by foreign players. The sanctions that Putin has applied, have given some considerable breathing space for Russian companies to catch up.
The bottom line is - there are no Western sanctions on food, or most normal consumer products. The companies are either leaving themselves, or being prevented from working by Russian sanctions. Basically it's that bastard Putin that is preventing the good people from securing Camembert and Brie, and not the benevolent West.
In addition to the above, there is of course a secondary effect from the broader sanctions on the financial system, which make it difficult for Western companies to repatriate their profits from Russia. However, I don't think Janet Yellen's main intent in sanctioning Sberbank, was to force McDonalds and Coke to leave Russia.
Russia's military strength is not a derivative of how easy it is for us to access a McDonald's or buy toothpaste from Colgate-Palmolive. So maybe that's why the EU and US don't care that much about it?
Regardless, thank you for the very expert analysis from CMS Neuf of the absolute spiritual nihilism of a Russian food court.
