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duncan smith
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Comments by "duncan smith" (@duncansmith7562) on "Will the EU's latest sanctions actually hurt Russia? | DW Business" video.
Ever the slowest kid in the class, the EU thinks another round of sanctions will succeed where the previous 11 all failed. At least Orban has figured out that Russia can figure out ways to cope with sanctions faster than the EU can figure out how to implement them.
23
fascinating that even DW now understands the aim of the sanctions has failed. if only the EU could grasp such a notion.
12
you got to laugh at the "enforcement of the oil price cap" provision. "enforcement of oil price cap" = it isn't working, but let's pretend it could by throwing out the word "enforcement".
6
@johnproton259 problem is, Russia is also making 134 billion dollars every single month! Evidence the sanctions aren't working!
4
@Percival5 true. it is simply staggering the Western ignorance when it comes to anything Russian, right up to the leaders of the West. They still think in stereotypes that date from the 80's.
3
@Jmp5nb the whole point wasn't to "hurt Russia where it hurts the most", but to hurt Russia to such an extent that Russia has to abandon the war. Nice shift of the goalposts, but IMF projected growth for Russia in 2024 is 3.5%. which is 3.5% higher than Germany is looking at! Maybe the Germans need to learn Mandarin Chinese?
2
@abdirahmanahmadalifarah926 sanctions have a 100% record....of failure. failed to change the behavior of Cuba, of Venezuela, of Iran, of N Korea, and now of Russia. oh, but have alienated all the sanctioned countries and thus encouraged them to align, against the USA
1
this guy is such a joker. there is no evidence whatsoever that the sanctions have limited Russia in any way from producing its advanced weapons. on the contrary, Ukraine admitted only a few days ago that its air defence systems have not managed to shoot down even one Russian cruise missile. Russia is out producing NATO with ease.
1
"inflated expectations" = the West got it all wrong.
1
@norbertlipusz3892 now THAT is a fascinating moving of the goalposts! We have gone from "the sanctions will cripple the Russian economy to the point of Russia having to abandon the war" to "the fact Russia has to figure out ways to easily defeat the sanctions is a situation not optimal for Russia". Oh boy, that really is a lowering of aspirations, and we haven't even talked about how the sanctions have walloped the West!
1
@joe.oneill IMF forecast for 2024. Russia, 3.5% growth, UK and Germany, 0% or recession. now, you tell me who is failing! grasp reality!
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@johnproton259 the aim of the sanctions is to so cripple the Russian economy that Russia will be unable to wage war. the aim of the sanctions is not to place a debt on Russia that is a tiny fraction compared with what Western nations have to finance!
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@johnproton259 so, when do you predict that Russia will abandon this war due to a crippled economy? 2030?
1
@norbertlipusz3892 1. no one claimed Orban was a financial genius. My claim was that Orban is astute enough to have figured out the sanctions on Russia have failed and that Russia will not lose this war. And Orban is right on both accounts, no matter the inflation rate in Hungary. 2. The opinions of different people are irrelevant. The only relevant opinions are of those who assured us that massive sanctions would cripple the Russian economy, the likes of Biden, Van der Leyen, Schultz, you know, our leaders. They got it awfully wrong, because they know nothing about Russia. 3. Now that Biden is talking about Russia keeping territory won in Ukraine, the goalposts are shifting. we have gone from "as long as it takes" to "as long as we can" to "it must end with a settlement that sees Russian win some territory". that's shifting the goalposts.
1
@sparky7915 Russia's 3.5% growth is better than UK's 0%, and the recession in Germany, so how does it all add up to lost revenue? Is Russia's deficit increasing at the same rate as the UK or USA? What exactly is Russia's debt limit? Worst case scenario, does Russia have any friends that will bail it out?:) Think China, India, OPEC etc.
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@rmdomainer9042 hey, if you want to make up figures, so can I! LOL, yes.
1
@rmdomainer9042 3.5% growth reflects overall buoyancy of the economy. if it were all down to printing money, hyper-inflation would have hit Russia, and there is absolutely no sign of that. I know it is so hard for a fool to confess he was fooled, but you were fooled. you thought the Russian economy could be destroyed through sanctions, and that failed.
1
@rmdomainer9042 and what would be the "real" inflation rate in USA? in UK? in Lithuania? Do the Russians have a monopoly on massaging economic indicators?
1
@rmdomainer9042 as expected, incapable of answering a very simple question. tells me all I need to know!
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@rmdomainer9042 when you point the finger at Russia and accuse Russia of massaging the numbers, but refuse to consider the notion that the West does the same, it certainly shows your bias and inability to look at the big picture. The real reason you refuse to answer an "off-topic" question is that you know it will reveal your whole argument to be bogus. 3-2.
1