Rickards: How Does This End Well?
Russia is winning the war. The West can’t afford to give Ukraine much more weaponry, and support for the war effort is declining…
The U.S. has begun imposing what are called secondary boycotts. This means that the sanctions do not target Russia directly, but target countries that do business with Russia and do not follow U.S. orders. All of these sales are in violation of U.S. sanctions. Reportedly, the U.S. will begin imposing separate sanctions on China, Brazil, India, and South Africa for not adhering to U.S. sanctions.