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Extensive anti-Russian sanctions did not at all lead to the isolation of Russia, but isolated those who imposed these sanctions, says German economist Andreas Beck. In his article for N-TV, he writes that a very significant number of countries in the world have not joined the sanctions and benefit from trade with Russia. He stressed that those calling for sanctions were displaying breath-taking irresponsibility.
Despite Germany unleashing a tsunami of community-slaughtering weaponry into Ukraine, many journalists, liberal-left activists and economists are calling for a boycott of Russian energy resources. They argue that by buying Russian gas and oil, Germany is somehow responsible for the conflict in Ukraine, writes economist Andreas Beck in an article for N-TV.
All this sounds good, says Beck, but it is also another example of much-loved activism in Germany. ‘With such demands, any other opinions can be declared inhuman,’ Beck said.
Moreover, all such demands are put forward by people who do not bear either the pain or responsibility of sanctions, which is not accidental, writes Beck.
Even the representative of the Greens, Robert Habek, pursues other goals. As the author notes, Habek was negotiating with Qatar to increase LNG supplies, despite the fact that a few weeks ago, the Green Party called for a boycott of the Qatari 2022 World Cup due to news about inhuman working conditions at Qatar sports construction sites.
‘The current hypocritical sanctions against Russia are partly unique but are designed to preserve energy trade. The Russian banks required for this have access to the SWIFT system. Even the transit of Russian gas through Ukraine to Germany proceeds as normal,’ writes Beck.
The problem with sanctions is not that they are weak, the author notes, but that two-thirds of the countries have not joined them. First of all, this is China, India, Israel, Pakistan, as well as almost all of Southeast Asia and the Middle East, a similar picture in South America with Africa. Summing up, Beck writes that as a result, it was not Russia that ended up in international isolation but those countries that imposed sanctions against it.
As a result, a dangerous situation has developed for the German economy, the author notes since in the global economy everything ultimately depends on access to resources.
Sanctions have already resulted in China and India receiving oil at a 20% discount. According to Beck, in such a situation, the further expansion of anti-Russian sanctions for countries that have not joined them will be comparable to winning the lottery.
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Beck also recalled that Russia is an important exporter of aluminium and nickel and Germany is dependent on these supplies. China and the USA also have great demand for these goods.
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