On Mon, 28 Feb 2022 11:45:14 +0000, grinch <
gri...@somewhere.com>
wrote:
>On 27/02/2022 13:08, Scott wrote:
>> On Sun, 27 Feb 2022 10:28:23 +0000, Abandoned_Trolley
>> <
fr...@fred-smith.co.uk> wrote:
>>
>>>
>>>> 3. Could they barter instead, eg oil for arms?
>>>
>>> because they are probably running low on arms ?
>>
>> Because they don't have easy access to USD which I assume is the usual
>> currency for settlement.
>
>Russia is the worlds largest exporter of natural gas
>Russia is the worlds second largest exporter of oil
Which seem to be excluded from the sanctions.
>
>It makes all its own chemical, conventional and nuclear weapons and most
>likely biological weapons as well.
>
>If it can feed its population from its own resources possibly, but
>soviet governments don't usually worry about things like that or at
>least not in the past.
>
>It is reputed to have large reserves of foreign currency as well.
But can they access the foreign currency reserves? This seems to be
in doubt according to R4 Today this morning.
>
>So what will sanctions do ??? Probably not a lot.
I am wondering this too.