Self-sanctioning is a new word. Biden, notwithstanding his mythical bravery against Cornpop, is a world-class wimp and moral coward
But private companies are on their own imposing the sanctions that Biden is too wimpy to ask for. Basically, private entities in other countries are saying, “Russia go F yourself” regarding any transaction.
Part of it is the complexity of the sanctions. People are just saying no Russian business. Middleman and we’re willing to do business with Russia are finding their clients do not want that.
Business also worries about future sanctions.
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