Will Sanctions Hurt Russia? Russia is energy independent, having more oil and natural gas reserves than the UAE and Saudi Arabia combined and more coal reserves than the whole of Europe. Russia also has more natural mineral resources than any other country on the planet, and has more gold reserves than the USA.
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In addition, Russia has a successful agriculture, farming and fishing industry. Which more than meets the population’s food requirements with a large surplus.
Russia also has a large and profitable logging industry.
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Russia is also the second largest exporter of military equipment in the world behind the USA. And does anyone really believe that firms such as Boeing, Rolls Royce, Bentley, Airbus, Cadillac, Mercedes, BMW and McDonalds have shut down their offices or stopped trading with Russia due to sanctions.
Moreover, Beluga caviar is still being sold all over the world. And as regards NATO countries being supplied with Russian oil and natural gas well that is a long list, including Belgium, the Netherlands, Germany and Denmark to name but a few not forgetting also Ukraine.
But the other side to the argument. If all 30 members of NATO (or the EU or Both) cut off trade and flights to Russia, it would change their behavior real quick…
There are 3 NATO members in Russia’s top 5 export trading partners
10.50% of Russia’s trade is with Netherlands
6.57% of Russia’s trade is with Germany
4.96% of Russia’s trade is with Turkey
That alone is 22.03% of Russia’s export trade.
On top of that Germany, The United States, and Italy are 3 of the top 5 largest suppliers of imports
10.16 of Russia’s imports are from Germany
5.43% of Russia’s imports are from The United States
4.41% of Russia’s imports are from Italy
That’s 20% of Russia’s imports
If all 30 NATO members cut off all trade with Russia, it would HURT Russia’s economy far more than it’ll hurt each NATO member and be a serious blow to the Russian Ruble which is already next to useless.
