Financial sanctions against Russia may produce a 'short-term' gain rather than a lasting impact.
In Europe, too many countries are too dependent on Russian natural gas to risk a cutoff by truly tough sanctions. Germany, Italy and France fall into this category.
In the US, when I was in the White House, I watched Treasury Secretary Steven Mnuchin — the Neville Chamberlain of our time — repeatedly weaken President Trump’s sanctions strategy on behalf of Wall Street and corporate interests through unnecessary bureaucratic delays and numerous exemptions. I have little doubt such globalist interests have penetrated the Biden’s Treasury just as effectively — so don’t look for even the U.S. to walk its tough sanctions talk.
If Putin succeeds in Ukraine, look for Xi Jinping to make a move on Taiwan. Communist China will support Russia’s efforts to return Ukraine to "Mother Russia." Russia will return the favor when Xi makes his move to crush "sacred" Taiwan. As Xi sat with Putin watching the opening ceremony of Beijing’s Genocide Olympics, this had to be at the top of their revanchist agenda.
There is some hope Putin may be playing checkers in a chess world. He has shot himself in both feet by putting an end to a new Nord Stream 2 pipeline to Germany. Putin is also pushing every country anywhere near Russia’s expansive borders into the arms of the West. And Russia’s fragile economy can ill afford a prolonged guerrilla war in Ukraine, which it will surely get if he tries to take all of Ukraine.
Russia has already also bolstered its pariah status around the world and therefore must become ever more dependent on Communist China, which, not without irony, has its own hungry, expansionist eye on Siberia and its massive natural resource wealth. Here, I have always thought the U.S. is a far more natural ally for Russia than China, but neither the U.S. nor Putin have been playing that hand well.
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