And if on the penalties Europe, the USA and the West was everything wrong? I’m really capable of bringing Russia to its knees and Wladimir Putin? Am I really the best weapon to fight the war in Ukraine without shooting?
questions that arise Robin Brooks, Chief Economist at the IIF Institute of International Finance, with a past at Goldman Sachs and the Fondo Monteario Internazionale. Mister Brooks, as Il Tempo explains, shows a graph showing Russia’s current account surplus, i.e. the account surplus indicating how a nation is a net lender to the world.
In February 2022, since the start of sanctions for the war, Here is the column of the chart going up: Almost twice the best result of 2027. The economist explains again and again what that means: “Russia’s financial situation is easing and the biting force of our sanctions is decreasing because Russia’s energy exports are constantly generating strong foreign exchange inflows, which is why foreign exchange reserves that are blocked by us, Russia is generating new. A Russian energy boycott would stop this.
When they ask Brooks if they shouldn’t wait for the March data plausibly more reliable, here he replies: “Sure. But that also means waiting a month while the war in Ukraine continues. We intuitively know what is happening. Selfsanctions by Western companies will cause energy exports to decline slightly during the recession. So the current account surplus will be enormous. And in short, the suspicion is spreading: Are we doing everything wrong against Putin?