DD Support Board and Research Team

[BullNBear52]

Biden explained the sanctions a couple of weeks ago. The US and EU continue to increase the sanctions which will impact the Russian economy. Wait till they have to make a debt payment when all their reserves are locked up. And obviously it will take time for the EU to stop importing Russian oil and gas, but they are about to eliminate coal imports. Patience is a virtue.

Russia debt default prospect resurfaces as U.S. blocks bond payment
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=168454620&txt2find=debt


What Biden means by ‘sanctions never deter’
By ALEXANDER WARD and JOSEPH GEDEON 03/25/2022 04:37 PM EDT

On Feb. 24, the day Russia invaded Ukraine, President JOE BIDEN told reporters to give him a month to see if the sanctions would eventually stop VLADIMIR PUTIN. Well, it’s been a month, and now he’s vigorously defending the sanctions-first plan when asked about it on the one-month anniversary of the war.

“I did not say that in fact the sanctions would deter him. Sanctions never deter,” he insisted during a Thursday news conference following an extraordinary NATO summit. The point of the economic punishment threatened before the incursion, and now imposed, “is to be sure that after a month, we will sustain what we’re doing not just next month, the following month, but for the remainder of this entire year. That’s what will stop him.”

https://www.politico.com/newsletters/national-security-daily/2022/03/25/what-biden-means-by-sanctions-never-deter-00020602