“If we go back to the period before the imposition of sanctions in 2014 and even until 2022, the Russian economy was very heavily colonized by Western firms.”
— American economist, professor at the University of Texas James Galbraith
What professor Galbraith doesn’t mention is that all Western firms that were forced by the Western governments to sell their investments in Russia must sell at a mandatory 50 percent discount and pay an exit tax worth 15 percent of the company’s market value. See here.
In fact, if one adds up the billions and billions of dollars, euros and pounds of investments and the value of the technological know how that was transferred to Russia in the last 2 years it probably considerably outweighs the controversial 300 billion dollars of Russia’s central bank money stuck in Western banks.
This whole charade of sanctions seems in fact a back door boost to Russian economy and its industry.
It is though doubtful that Biden’s hardliners were in the know on the net result of their own actions. As the saying goes, this is a 4D chess tournament and the actual players are not telling us their names. Conspiracy? Sure.
This ties in with our older posts: The Fake War