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And he joins Italian Prime Minister Mario Draghi in that regard. So far the only two adults in the room. There may be many others who are at present chose to be silent so as not to provoke Ukraine's Zelensky, thereby inviting public reprimands. Nobody is safe from Zelensky's reprimands. Senile Joe, no less, had to have Jen Psaki issue corrections after a sharp reprimand from Zelensky, following a press conference in which Senile Joe appeared not to adhere fully to the script.
But sanctions are tricky matters. For starters, they are never cost free, unless you are sanctioning someone with whom you conduct zero business. But if you do do business with someone then sanctions on that person comes with costs, the costs increasing with the magnitude of business conducted.
This is where Blinken Antony comes in. Blinken on a daily basis threatens the mother of all sanctions on the Russian Dictator. Problem is Blinken is totally silent onto exactly what is the potential costs of sanctioning the Dictator. As a matter of fact Blinken daily lamentations- since at times the threats come across more like lamentations- leave the impression it will be cost free, and western economies may not suffer a jolt. Zelensky even goes as far as demanding the Dictator be booted off SWIFT. But if the Dictator is booted off SWIFT how do Europeans then pay for the Dictator's gas? And what about German automobile businesses that sell to Russian consumers?
If sanctions on the Russian Dictator by Germany comes with a huge price tag, who pays for that bill? Since Ukraine demands those sanctions should Germany add that to Ukraine's future debts?
I believe Herr Scholz’s call for caution and prudence is well founded.
© Reuters. FILE PHOTO: German Chancellor Olaf Scholz gives a statement before a cabinet enclosure at the Chancellery to lay out and discuss Germany's policy plans for its G7 presidency in Berlin, Germany, January 21, 2022. Michael Kappeler/Pool via REUTERS
BERLIN (Reuters) - Germany's leader has urged Europe and the United States to think carefully when considering sanctions against Russia for any aggression against Ukraine in a crisis pitting Berlin's main gas supplier against its biggest security allies.
Among a range of possible Western sanctions https://www.reuters.com/markets/eur...tern-sanctions-might-target-russia-2022-01-19 against President Vladmir Putin's government, Germany could halt the Nord Stream 2 https://www.reuters.com/world/europ...pipeline-if-russia-invades-ukraine-2022-01-18 pipeline from Russia if it invades Ukraine.
But that would risk exacerbating a gas supply crunch https://www.reuters.com/world/europ...-tough-decisions-over-gas-pipeline-2022-01-20 in Europe that has caused energy prices to soar.
"Prudence dictates choosing measures that will have the greatest effect on those who violate the jointly agreed principles," German Chancellor Olaf Scholz Scholz was quoted as saying by the Sueddeutsche Zeitung newspaper on Sunday.
"At the same time, we have to consider the consequences this will have for us," Scholz added, saying nobody should think there was a measure available without consequences for Germany.
And he joins Italian Prime Minister Mario Draghi in that regard. So far the only two adults in the room. There may be many others who are at present chose to be silent so as not to provoke Ukraine's Zelensky, thereby inviting public reprimands. Nobody is safe from Zelensky's reprimands. Senile Joe, no less, had to have Jen Psaki issue corrections after a sharp reprimand from Zelensky, following a press conference in which Senile Joe appeared not to adhere fully to the script.
But sanctions are tricky matters. For starters, they are never cost free, unless you are sanctioning someone with whom you conduct zero business. But if you do do business with someone then sanctions on that person comes with costs, the costs increasing with the magnitude of business conducted.
This is where Blinken Antony comes in. Blinken on a daily basis threatens the mother of all sanctions on the Russian Dictator. Problem is Blinken is totally silent onto exactly what is the potential costs of sanctioning the Dictator. As a matter of fact Blinken daily lamentations- since at times the threats come across more like lamentations- leave the impression it will be cost free, and western economies may not suffer a jolt. Zelensky even goes as far as demanding the Dictator be booted off SWIFT. But if the Dictator is booted off SWIFT how do Europeans then pay for the Dictator's gas? And what about German automobile businesses that sell to Russian consumers?
If sanctions on the Russian Dictator by Germany comes with a huge price tag, who pays for that bill? Since Ukraine demands those sanctions should Germany add that to Ukraine's future debts?
I believe Herr Scholz’s call for caution and prudence is well founded.
Germany urges 'prudence' in potential sanctions against Russia over Ukraine
BERLIN (Reuters) - Germany's leader has urged Europe and the United States to think carefully when considering sanctions against Russia for any aggression against Ukraine in a crisis pitting Berlin's main gas supplier against its biggest security allies.
Among a range of possible Western sanctions https://www.reuters.com/markets/eur...tern-sanctions-might-target-russia-2022-01-19 against President Vladmir Putin's government, Germany could halt the Nord Stream 2 https://www.reuters.com/world/europ...pipeline-if-russia-invades-ukraine-2022-01-18 pipeline from Russia if it invades Ukraine.
But that would risk exacerbating a gas supply crunch https://www.reuters.com/world/europ...-tough-decisions-over-gas-pipeline-2022-01-20 in Europe that has caused energy prices to soar.
"Prudence dictates choosing measures that will have the greatest effect on those who violate the jointly agreed principles," German Chancellor Olaf Scholz Scholz was quoted as saying by the Sueddeutsche Zeitung newspaper on Sunday.
"At the same time, we have to consider the consequences this will have for us," Scholz added, saying nobody should think there was a measure available without consequences for Germany.
Germany urges 'prudence' in potential sanctions against Russia over Ukraine By Reuters
Germany urges 'prudence' in potential sanctions against Russia over Ukraine
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