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submitted 6 months ago by Alsephina@lemmy.ml to c/worldnews@lemmy.ml
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[-] Alsephina@lemmy.ml 21 points 6 months ago

Lol they still haven't learned that sanctioning these massive countries just backfires

[-] Tar_alcaran@sh.itjust.works 20 points 6 months ago

It doesn't though. Raising costs by forcing a country to dodge sanctions is very effective. A supply will never entirely dry up, but it will shrink and become more expensive, and that's enough.

[-] Alsephina@lemmy.ml 14 points 6 months ago* (last edited 6 months ago)

So far sanctioning Russia and China has mainly just sped up the Global South's economic integration and China's becoming self-sufficient. I can see this happening with Iran too since its economy is already somewhat Global South-oriented.

Though of course, sanctioning less developed countries like Cuba, Venezuela, DPRK, and Afganistan does successfully greatly harm their working-class population, and it has.

[-] jonne@infosec.pub 10 points 6 months ago* (last edited 6 months ago)

It's just speeding up dedollarisation at this point. Trade is increasingly done in other currencies because the US dollar is just a minefield of sanctions and regulations. The US had this power back when they produced everything people needed, but nowadays everything's coming from China, so why involve a third party in your trade that can freeze your accounts for no reason?

[-] keepcarrot@hexbear.net 11 points 6 months ago

I think it's a sanction on Iran, which... how much trade is really going between Europe and Iran

this post was submitted on 16 Mar 2024
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