America’s Monumental Sanction Mistake Haunts Europe and the World Today

The sanctions imposed on Russia by America and NATO are weak because the allies don’t want to cut off Russia’s oil and natural gas exports — the lifeblood of its economy. They won’t do this because Europe is heavily reliant on the oil and gas imports from Russia, with natural gas availability limited around the world and oil restricted because of the reluctance of Arab oil exporters to increase exports.

MIT engineer-economist. Prof: Tufts, UT-Austin, GW. IMF Board. Mediator Iran, Saudi Arabia, Kuwait. Writing: Econ-Finance, Oil, Sanctions, Mid-East, Islam.

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Hossein Askari

MIT engineer-economist. Prof: Tufts, UT-Austin, GW. IMF Board. Mediator Iran, Saudi Arabia, Kuwait. Writing: Econ-Finance, Oil, Sanctions, Mid-East, Islam.