Breitbart Business Digest: Russia’s Diesel Export Ban Highlights the Weakness of Biden’s Financial War

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The Biden administration forecast that its sanctions against Russia would be crippling. To put it mildly, this has not worked out as planned.

in which a character offers a gratuity to a messenger only to have the tip rebuffed.It’s one of the earliest form of the jokes that came to be known as the “Russian reversal.”supposedly used the form while hosting the 1958 Academy Awards ceremony. He had just returned from a trip to Russia, he told the Oscars’ audience, and was happy to report that every room in his hotel had a television. There was just one difference: “In Russia, the television watches you.

“In America, there is plenty of light beer, and you can always find a party,” Smirnoff said. “In Russia, the Party always finds you.”Russia was banning exports of diesel fuel . Daleep Singh, the deputy national security adviser for international economics who is said to have designed the sanctions, estimated that Russia’s economic output would be cut in half.,” the Biden White House stenography firm known as CBS NewsTo put it mildly,. The sanctions did succeed in making Russia officially the most sanctioned country in the world. That just proved not to matter as much to Russia’s economy as many of the experts in financial warfare were forecasting.

 

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