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The Economist (March 23)

2023/ 03/ 25 by jd in Global News

“On Ukraine China has played an awkward hand ruthlessly and well. Its goals are subtle: to ensure Russia is subordinate but not so weak that Mr Putin’s regime implodes; to burnish its own credentials as a peacemaker in the eyes of the emerging world; and, with an eye on Taiwan, to undermine the perceived legitimacy of Western sanctions and military support as a tool of foreign policy.”

 

Reuters (February 20)

2023/ 02/ 21 by jd in Global News

“Europe, which was late to appreciate the danger posed by Putin, won’t quickly forget the lesson even if he goes.” National defense budgets are being hiked and “Europe will be paying more for its protection for years to come,” not to mention bearing costs related to supporting and rebuilding Ukraine. Still, “these costs pale by comparison with a scenario where Putin had triumphed in Ukraine. In that case Europe would now be worrying how to protect the Baltic States and Poland from his aggression. Yet even a Russia weakened by a year of war and sanctions remains a problem for Europe.”

 

Barron’s (June 27)

2022/ 06/ 29 by jd in Global News

“Russia’s first default on its foreign debt in more than 100 years is the latest sign that the sanctions… have consequences,” but it’s a “symbolic win.” Energy prices remain the biggest impact of sanctions. “Oil prices aren’t coming down as long as Western powers are working to wean themselves off Russian supply. Faster inflation and rising interest rates, meanwhile, are bringing the global economy to its knees.”

 

Washington Post (March 27)

2022/ 03/ 28 by jd in Global News

“North Korea’s leader, Kim Jong Un, has a way of reminding the world that he has not gone away.” North Korea’s launch of “its most powerful intercontinental ballistic missile ever, in defiance of sanctions and prohibitions” is a reminder of a “foreign-policy headache for the United States and its allies.” The North’s “potential for trouble should not be underestimated.” Kim does not deserve “concessions for his unruly behavior. There is a need for some fresh thinking about how to resolve this long-festering threat.”

 

Wall Street Journal (March 7)

2022/ 03/ 08 by jd in Global News

“Oil and gas revenue makes up about half of the Kremlin’s budget and is critical to financing Vladimir Putin’s bloody war on Ukraine.” The trouble is “sanctions on Russian energy could also harm the world economy and especially Europe,” which depends on Russia for a quarter of its oil and 40% of its natural gas. “Unless the West is willing to grasp this nettle, the world will continue to finance the Putin war machine.”

 

CNBC (March 1)

2022/ 03/ 02 by jd in Global News

“A run on Russian banks is underway.” In the wake of “unprecedented sanctions” imposed by the EU and U.S. for the invasion of Ukraine, the ruble “dropped dramatically in Monday’s trading. Lines at ATMs snaked down sidewalks and around buildings in Moscow and at Russian banks in Europe as depositors rushed to withdraw cash.”

 

The Guardian (February 28)

2022/ 02/ 01 by jd in Global News

“Moscow is bracing for economic panic when markets open on Monday morning, with the value of the rouble expected to plummet at least 25% after the US and European Union announced unprecedented sanctions over the weekend.” The resulting economic turbulence “will mark a key moment when the gravity of the crisis in Ukraine hits home for many ordinary Russians.”

 

CBS News (December 20)

2021/ 12/ 21 by jd in Global News

“Kim Jong Un will mark the end of his first decade in power armed to the teeth, but more isolated than ever as he tries to battle a killer virus in one of the world’s poorest countries. He’s no closer to what he really wants, which is relief from devastating sanctions and normal relations with the rest of the world.”

 

Bloomberg (June 15)

2020/ 06/ 16 by jd in Global News

With the U.S. and China poised for a “Great Decoupling,” many American “executives worry they will be shut out of what remains the world’s most promising market. The more the U.S. blocks the export of components like semiconductors and jet engines to China, and imposes tough sanctions on anyone who violates such bans, the more it will force not just Chinese companies to stop buying American components but those from third countries aiming to sell to China.”

 

The Economist (January 18)

2020/ 01/ 20 by jd in Global News

“America is weaponising its currency and financial system” like never before, but the “use of sanctions could endanger the dollar in the long term!” Other countries, both allies and enemies, increasingly view the Trump administration’s aggressive use of the dollar-based financial system “as an abuse of power.” Ultimately, this “may eventually lead to the demise of America’s financial hegemony, as other countries seek to dethrone its mighty currency.”

 

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