- Sep 4, 2005
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Sanctions could work if they were implemented correctly (as a non-military option), but the way these particular ones are structured are largely "without teeth" so to speak.
They're seriously lacking on a few key aspects.
1) They exempted Russia's energy industry for the most part
2) They provided cut-outs for several EU countries to still engage in various forms of trade with them (for instance, Italy and Belgium have been pushing for certain types of lucrative trade with Russia to still be allowed)
3) They're targeting things that Russia wasn't terribly reliant on anyway (like the comments about how they were going to cut them off from "cutting-edge technology")...I'm sure Putin will be super bummed out that his citizens (most of which can't afford it anyway) won't be able to get the latest and greatest tech gadgets
4) They failed to get China on board. I know China isn't exactly "our friend" or "our ally", but this is one of those situations where cooperating with them would be a "necessary evil" in order to make it work. We can cut Russia off from all the western markets we want, as long as China is still willing to engage in trade with them, it's not much of a sanction...China could simply buy whatever commodity it is from whatever country they want, and then sell it to Russia for a slight mark-up. (Heck, China probably already makes a knock-off version of whatever it is they're looking to buy anyway)
So what does that leave us with? A set of sanctions that doesn't target the industry responsible for 1/3 of their GDP (and arguably the most important part of their economy), and a few other measures that are a minor inconvenience at most in other areas.
Now, to the point of the OP, yes, it should make us consider various other energy sources, but those don't get stood up overnight...oil's not going away for a long time.
If squashing this Russia situation is the short-term goal at hand, then the appropriate measure would be to relieve some of the burdens on our domestic energy production, tell the "green" folks they'll need to take a backseat for a while, and allow us to tap into some of our own oil producing capabilities for the short term. We're not going to be able to convert the world to wind/solar/tidal power before Russia runs over Ukraine.
They're seriously lacking on a few key aspects.
1) They exempted Russia's energy industry for the most part
2) They provided cut-outs for several EU countries to still engage in various forms of trade with them (for instance, Italy and Belgium have been pushing for certain types of lucrative trade with Russia to still be allowed)
3) They're targeting things that Russia wasn't terribly reliant on anyway (like the comments about how they were going to cut them off from "cutting-edge technology")...I'm sure Putin will be super bummed out that his citizens (most of which can't afford it anyway) won't be able to get the latest and greatest tech gadgets
4) They failed to get China on board. I know China isn't exactly "our friend" or "our ally", but this is one of those situations where cooperating with them would be a "necessary evil" in order to make it work. We can cut Russia off from all the western markets we want, as long as China is still willing to engage in trade with them, it's not much of a sanction...China could simply buy whatever commodity it is from whatever country they want, and then sell it to Russia for a slight mark-up. (Heck, China probably already makes a knock-off version of whatever it is they're looking to buy anyway)
So what does that leave us with? A set of sanctions that doesn't target the industry responsible for 1/3 of their GDP (and arguably the most important part of their economy), and a few other measures that are a minor inconvenience at most in other areas.
Now, to the point of the OP, yes, it should make us consider various other energy sources, but those don't get stood up overnight...oil's not going away for a long time.
If squashing this Russia situation is the short-term goal at hand, then the appropriate measure would be to relieve some of the burdens on our domestic energy production, tell the "green" folks they'll need to take a backseat for a while, and allow us to tap into some of our own oil producing capabilities for the short term. We're not going to be able to convert the world to wind/solar/tidal power before Russia runs over Ukraine.
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