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submitted 7 months ago by Alsephina@lemmy.ml to c/worldnews@lemmy.ml
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[-] Tar_alcaran@sh.itjust.works 21 points 7 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 13 points 7 months ago* (last edited 7 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 9 points 7 months ago* (last edited 7 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?

this post was submitted on 16 Mar 2024
202 points (95.9% liked)

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