
According to CNBC, the US and its allies are planning new sanctions on more sectors of Russia's economy because of Moscow's special operation to demilitarise and de-Nazify Ukraine even though the restrictions already imposed have hit supply chains, disrupted deliveries of raw materials, sent energy prices higher and dealt a blow to agriculture.
Since 28 February, the West has doubled down on isolating commodity-rich Russia from global finance. By 4 March, major international shipping groups - including container lines - "suspended almost all cargo shipments to and from Russia to comply with western sanctions," according to Reuters, thus bringing a halt to Russia's deliveries to the global market of critical commodities, including fertilisers and wheat. The US' Russia energy ban and the EU's pledge to cut supplies of hydrocarbons from Russia have put a rocket under oil and gas prices.












Comment: The West has been sanctioning Russia since 2014, yet Putin has managed to thread the needle, and bring Russia to a state of strength it has not enjoyed for nearly four decades. The West, led by the U.S. is committing economic and political suicide. What is driving them?
- Putin says the key to Russia's greatness is strong economy & innovation
- Western sanctions have strengthened the Russian economy
- Russia to overtake Germany as world's fifth-largest economy in 2020
- Putin flips sanctions, demands rubles for Russian gas from 'hostile' countries, says credibility of dollar and euro is 'destroyed'
- 'Escobar: "Rublegas' the world's new resource-based reserve currency
It's all very simple really, as Putin explains it to Germany: