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11 days agoI’m the last person to defend China but this is just moronic on so many levels. China has been hording oil for a long time and it wasn’t an issue before. But now that the US started an absolutely senseless and ridiculously stupid war in the most incompetent way imaginable they demand stability? Yeah right. Shut up.
We knew how bad the situation was economically but we also knew sanctions would have a much delayed effect. Economists have explained that plenty back when it seemed sanctions wouldn’t do much at first. As far as I’m aware, Russia transformed into a full on war economy since. That delayed things even further but it will make the fallout even worse for the country. Putin really doesn’t care if Russia even still exists when he goes down.