Seems clear now that no one in the Biden administration, the EU, or NATO thought through the implications of the Russia sanctions at all. zerohedge.com/markets/zoltan…
If the current trajectory continues, it's going to lead to inflationary forces that central banks won't be able to control, because they're based on real world, physical constraints imposed by the sanctions regime.
Take the Aframax oil container ship, for example...
It has a capacity of 600k barrels, and is currently used to ship Russian oil from its Baltic terminals to Hamburg, Germany, which takes about a week.
If Germany stops buying Russian oil, Russia needs Very Large Crude Carriers (2mm barrels) to economically ship the oil to China.
Committing genocide seems a lot worse morally than, say, (re)occupying Crimea, so if China is doing that, we ought to be sanctioning them more harshly than we are Russia. It looks like there've been a smattering of sanctions under Trump and Biden... nbcnews.com/politics/natio…