Thursday, August 29, 2019

JOHN CHUCKMAN COMMENT: RUSSIA's GIANT ROSNEFT NOW SELLING MOST OF VENEZUELA'S OIL - HUMAN INGENUITY AND BLUNDERING IMPERIAL STUPIDITY - UNINTENDED SIDE EFFECTS OF AMERICAN SANCTIONS

John Chuckman


COMMENT POSTED TO AN ARTICLE IN CHECKPOINT ASIA



“Russia Now Resells 66% of Venezuela’s Oil for It, Helping with US Sanctions

“Afraid of sanctions? Buy Venezuelan crude from Rosneft”



“My guess is that when the current Rosneft loan to Venezuela is repaid, the two may book another, possibly entirely fictitious loan, just so that the practice may continue”



It's just great to see human ingenuity overcoming blundering imperial stupidity.

This development - along with some others, such as rapidly-developing Russian ties with China, or Russia's emphasis on import substitution, to say nothing of the fate of the American dollar - I think shows us what unintended consequences heavy-handed sanctions policies can have.

I’m not even considering all the harm done to millions of innocent people by illegal sanctions because those in Washington conducting this “war by another means” just couldn’t care less about them.

But they should care about some of the unintended consequences of sanctions because they are matters that will shift future relationships, alliances, and balances of power.

The fact is that people adapt to adverse conditions over time, whether natural or man-made, always.

That that is ignored by those now trying to run the planet from the Oval Office is just further proof of how foolish and dangerous they really are.