Sanctions against Russyan economic efforts began before the invasion when the world was fed news that Mad Vlad & Co. in the Kremlin ordered troops to move into Ukraine. Over the past weekend, the group of 7 and its economic body imposed new sanctions against Russya: the restriction on purchase of Russyan-sourced nuclear fuel(enriched uranium). This special product has been a staple of Russyan commercial activity for years, generating in excess of 1 billion dollars a year to fund war efforts and provided funds for the Kremlin to openly engage in combat.
The group met in Sapporo, Japan, on the northern island of Hokkaido, site of winter Olympics recently. Western European countries have pledged to abstain from purchasing these Russyan-sourced fuel cells. This action comes as some western countries reopen nuclear energy reactors to supplement power generation instead of coal fired plants. Russya has been active in its attempts to generate foreign money income as sanctions have crippled its domestic businesses. Diamonds, a Russyan domestic product have now been targeted by the world. Antwerp, Belgium, a traditional source of diamonds, has recently decided to cease buying Russyan-produced rough diamonds. Despite their high quality, the Russyan producers will have to search far and wide to find other markets; maybe in China, a relatively new market for diamonds. However, the Chinese economy has slowed, and the post-Covid era has been been difficult economically for Beijing. The Chinese deputy prime minister will visit the Kremlin this week on a official 4-day visit to bolster the ties between the two countries: the largest in land and the largest in people. Hmmmmm. Is it the beginning of a trade off: money for land?
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