• @thervingi
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    52 years ago

    Moral of the story: embargoes against your most important trading partner are a bad idea.

    • ☆ Yσɠƚԋσʂ ☆OP
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      52 years ago

      It’s pretty clear that the west didn’t consider the relative value of trade between the west and Russia before starting the trade war. Russia gets things from the west that are nice to have because you don’t need stuff like iPhones to live. It’s a convenience, and it can be replaced either domestically or by products from other countries like China. On the other hand, the west was dependent on essential commodities such as food and energy from Russia. These are basic things that are necessary for people to be able to live.

      Russia can suffer the inconvenience in the short term and find a path towards replacing the things they can’t get from the west in the long term. On the other hand, the west doesn’t have such luxury and as a result we’re starting to see western economies crumbling.

      • @PolandIsAStateOfMind
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        2 years ago

        I wonder how much they got just fucked by their own economics ideology. Literally every time i heard someone from EU speaking about it, it’s all the “resources bad, we can just import necessities, we need more financiere and services yadda yadda” - did they really believed in this bullshit so much or it was just cynical compradorship and US bootlicking?

        • ☆ Yσɠƚԋσʂ ☆OP
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          52 years ago

          I think it’s a combination of these things. EU leaders drank the koolaid and they were selected for the positions they are in because they’re imperialist bootlickers. Now their whole ideology is unravelling in front of their eyes.

      • @thervingi
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        22 years ago

        It’s exactly this. Gas, oil and wheat are essential things. Russia sells them to Europe. What Europe or the US sells to Russia can be replaced.

        • ☆ Yσɠƚԋσʂ ☆OP
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          32 years ago

          In fact, this is already happening. Chinese companies are now filling the niche created by western companies leaving. If anything, this further hurts the west since now western companies are losing a large market they used to have access to. And what’s worse for the west is that market is going to China.

          • @thervingi
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            2 years ago

            I was expecting parallel imports from India or Turkey to replace them, but the Chinese are really fast.