Asian countries would probably replace Russia’s lost Western customers, while India could facilitate their purchase of these resources just like it’s already doing with the oil that they sanctioned.
"...symbolic just like the West’s own sanctions on Russian oil."
And, of course, if the Americans go ahead to shoot themselves in the foot, as suggested by the inaudibly bumbling old man last night (That IS what he said, wasn't it?) by 'allowing' Israel to blow up Iranian oil production facilities, it can't be bad for Russia and India on the global oil market, can it? Add to that, these rare metals, as described above, and it's hard to see where the old British Empire has gone!
'Semi-symbolic political reasons'... Aren't they a bit like something out of the good, ol'-fashioned, bible-bashing Christian church(es of rural-redneck America)?
Western sanctions have not been totally ineffective. See: Gazprom and natural gas
Gazprom went from a cash cow to Russia’s most unprofitable company. This is largely because gas infrastructure takes a long time to build, but its still good news we shouldn’t ignore.
Yes, that sounds about right. The interesting outcome, though, is higher prices for the west. As inflation & economic issues plague the west, the higher prices could be one more straw on the back of a weakening system. From Russia's point of view, that's good enough for now, perhaps.
Total restructuring one's supply chain is harder than a total restructure of one's customer base. In the short term, the west can adapt using the existing India-oil model. In the longer term, they had better revive their own mineral industries, and they are not totally dead as yet.
That is a very good point. It wont be easy, though. People being told for decades that nature must'nt be disturbed. And who wants a mine next door anyway? It is noisy, it is dirty, it is ugly. There will be upheaval. I know of projects already where exactly this is happening.
In the end they will have to decide how to manage rare resources. If its worth it throwing the appliance into the waste bin every two years cause programmed senescence. Or rather produce things that will last as long as possible.
O ‘ BIDEN HAS BEEN CONSTANTLY DRAINING AMERICA’S WEALTH - BOTH HE & ALL OF OBAMAS TRESPASSING ON OUR NATION’S CAPITAL FOR DECADES !!!!!
"...semi-symbolic political reasons..."
Shooting holes in the own feet.
"...symbolic just like the West’s own sanctions on Russian oil."
And, of course, if the Americans go ahead to shoot themselves in the foot, as suggested by the inaudibly bumbling old man last night (That IS what he said, wasn't it?) by 'allowing' Israel to blow up Iranian oil production facilities, it can't be bad for Russia and India on the global oil market, can it? Add to that, these rare metals, as described above, and it's hard to see where the old British Empire has gone!
'Semi-symbolic political reasons'... Aren't they a bit like something out of the good, ol'-fashioned, bible-bashing Christian church(es of rural-redneck America)?
Western sanctions have not been totally ineffective. See: Gazprom and natural gas
Gazprom went from a cash cow to Russia’s most unprofitable company. This is largely because gas infrastructure takes a long time to build, but its still good news we shouldn’t ignore.
Cheers
https://www.msn.com/en-us/money/companies/gazprom-becomes-russia-s-most-unprofitable-company-forbes/ar-AA1rDOkH
Yes, that sounds about right. The interesting outcome, though, is higher prices for the west. As inflation & economic issues plague the west, the higher prices could be one more straw on the back of a weakening system. From Russia's point of view, that's good enough for now, perhaps.
Total restructuring one's supply chain is harder than a total restructure of one's customer base. In the short term, the west can adapt using the existing India-oil model. In the longer term, they had better revive their own mineral industries, and they are not totally dead as yet.
That is a very good point. It wont be easy, though. People being told for decades that nature must'nt be disturbed. And who wants a mine next door anyway? It is noisy, it is dirty, it is ugly. There will be upheaval. I know of projects already where exactly this is happening.
In the end they will have to decide how to manage rare resources. If its worth it throwing the appliance into the waste bin every two years cause programmed senescence. Or rather produce things that will last as long as possible.