Is The United States Running Out Of Sanctions?
last edited: Tue, 18 Jun 2024 17:08:52 -0600
techriot@hub.natehiggers.org
Is The United States Running Out Of Sanctions?
Two days ago, the United States imposed new sanctions on the Moscow Stock Exchange, also known as MOEX, in a bid to prevent it from trading in euros and dollars.
The hypocritical reason for these new sanctions is to prevent Russia from financing its special military operation to demilitarize and denazify Ukraine, which requires neither dollars nor euros.
The news sent the Russian ruble soaring. The MOEX employees were surprised (weren't they already subject to American sanctions?), then they quietly got back to work. What is this American entity anyway?
Oh, yes, Russia still does some trade with this country, generating a trade surplus of over a quarter of a billion per month. Let's see if the United States tries to get this amount in rubles, without violating its own sanctions! Part of this money goes to pay for the enriched uranium pellets that the United States never learned to produce efficiently and which keep the lights on in the United States. Wouldn't that be a shame?
Remember that most USD and EUR transactions on MOEX were made by individuals. Do they need to do their business on MOEX? No, they don't need it. There are many ways to trade USD and EUR outside of MOEX, legally. Is OFAC, the US Treasury Department (which developed these sanctions) at least aware of their existence? I'll help him: these secret means involve... going to the nearest Russian bank... which is already subject to American sanctions! But if they thought that the exchange of dollars or euros on the MOEX helped to finance the action in Ukraine, then they are beyond all reality.
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