You forgot to mention the sanctions are already having holes: -Russian oligarchs are buying passports from Malta to evade sanctions. -Europe is buying oil and gas. - Shell for example is making a "Latvian mix" so they can buy Russian oil.
Europe relies very heavily on Russian oil and gas, and turning that off instantly just isn't feasible, unless you want millions to be without heating or fuel or what have you. They're in the process of sanctioning Russian coal and they're making steps to wean off of Russian oil and gas. Is it perfect? No lol
@@houseplant1016 that's great for you, but not at all feasible for all Europeans. Far from it. Cutting off Russian oil and gas in one fell swoop wouldn't just be inconvenient, it would be dangerous and it would seriously cripple Europe as a whole.
Johnny gave a grand narrative view, but left out 80% of the loopholes & issues, beyond the slowness of changing Russia's political will for war. You might say that's the journalist's job, but I don't agree. If I want bad, short info, I watch legacy media. I want good, long, complex explorations of real-life complex issues, I go to RUclips. This video & a lot of Johnny's latest videos aren't cutting it. He doesn't couch his words regarding how much he doesn't know/ isn't saying in his short-term reporting regarding the full complexity of it all. Bad journalism.
Johnny is a biased reporter who rarely seeks opposite opinions so we can make up our own mind. He's no better than regular media pushing their own propaganda, the only difference is maps
If Russians don't want sanctions then stop the war. To topple the top, we must strike the bottom. This is the only way US can support Ukraine massively without war.
Sanctions don’t stop the CURRENT action but they deter future action. One these governments start something they won’t stop but they might never had started other bad deeds if not for the threats of sanctions. Had Rus known how far the Eu and US would go on sanctions, it’s very likely RUS would never had invaded UKR. They assumed the west wouldn’t put severe sanctions on them
@@Homer-OJ-Simpson That is simply not true. During the Milosevic regime in the early 90's, Yugoslavia fell under UN sanctions due to it's involvement in wars in Croatia and Bosnia. So when KLA separatists started attacking police stations in Kosovo in 1996, what does Milosevic do? Does he allow Kosovo to secede? No, he escalates that shit to the point where Yugoslavia was bombed by NATO in 1999.
I am from Russia and I want to say that all those companies that said that they left Russia did not actually leave, just changed their name and trade further.
As a russian citizen i confirm that sanctions makes life harder for common citizens like me. Rich folks still can travel and buy goods through china, india and brazil. So... yeah. It does not really affect upper class people. Also it does not really affect lives of poor russian people, because, u know, they didn't have access to all these cool stuff like spotify, netflix, iphones, etc. The ones who actually struggle are middle class citizens who are educated enough to write comments in english.
As a Russian, I can say that there is only one mistake you’ve made We still can use Visa and MasterCard in our country. 80% of Russian citizens don’t have international passports, so they don’t care that it doesn’t work outside of the country. Edit: should I make a video about all the mistakes from this video? There are few more I have discovered today. Btw, there are only 57 subscribers left to hit the amount of 4000 at my channel. Even though RUclips is demonetized in Russia, I still really would like to get this amount. And I am looking for an inspiration for creating something new.
Russia developed an independent processing center and enforced all MC & visa transactions among Russian entities to be handled in it. Not to say, we also have our own payment system MIR
For me (as a resident of Russia) it's so strange to see that someone doesn't know what "sanctions" are... After all, my fellow citizens and I hear this word so often that when someone introduces new sanctions, no one is surprised at all
The problem is that in the U.S. news media, a lot of times the newsperson just says "The White House introduced new sanctions today" and then 100% does not go into any detail about what that actually means.
Ruble already fully recovered and it costs the same as it was before sanctions. Russia has it’s own payment system MIR and it has merged with China’s Union Pay, plus UAE, Turkey, Brazil, India and South America adopted that system to their markets. About 50% of all McDonald's, KFC, Burger King restaurants are still working.
For how long? Gold reserves won't last forever...and also, it puts Russia as dependent state mainly on China...and that is a suicide game. There is no love betwen super powers.
Greetings from Russia! I will tell you how to circumvent the sanctions and not lose anything from the company's withdrawal from the Russian market. We take McDonald's, sell all Russian catering outlets to a local billionaire, call the new restaurant chain "Вкусно и точка" (Delicious and point) without changing the menu and staff - profit. Is Apple gone? We take Kazakhstan, we establish parallel imports, we get the same iPhones - profit! Apply this scheme to any other company.
Just wanted to add one thing as Russian. We can still use our cards (Visa, Master Card), but they can’t be used abroad nor can we issue brand new cards
They're not visa and Mastercard anymore there. Putin has propped up the system... so he can continue to lie to you and tell you everything is fine when it totally isn't 🙄🤣
It's worth pointing out that sanctions aren't new, we've been using them for a long long time. One of the reasons Japan attacked pearl harbor was because the US put oil sanctions on them, we've also been sending supplies to proxies since at least the first world war if not earlier
Before Sanctions there's so called Naval Blockade. Yeah unlike today that Sanctions are only posted on papers. Naval Blockade is direct confrontational. You can blow up any Enemy flagships that sailed outside of its Territorial Waters. Or you can blow it up even the Ship is docking in its port.
@@spitzfire1107 in that same vein there's also "gun boat diplomacy" which is also something we still engage in, just in a slightly less aggressive manner
We also even all the way back to the age of sail, would blockade ports to stop the flow of goods. The British Empire did this all the time. Later on during the US civil war North blockaded the South to stop their cotton exportation and prevent import of anything useful effectively crippling them
As you mentioned, Russia is not really isolated internationally or commercially. She is cut off from the luxury goods and technological products of the West. But they still have China, India, South Africa and Brazil (the BRICS), these countries alone represent 32% of international trade. For electronic chips, mainland China is the world's third largest producer (after Taiwan and South Korea). It should be remembered that these sanctions are not imposed within the framework of the UN (as was the case for Syria or Iraq) and therefore the countries of the world are not required to respect them (for example Mexico , Indonesia, Argentina will not apply the sanctions). As long as Westerners fail to convince the rest of the world to join them in their actions against Russia, Russians will find a replacement for Western goods.
Those countries can manufacture only low end stuff. And if they are caught they will face secondary sanctions... China is going to collapse soon so Russians has chosen the wrong side.
The real question is, can they implement replacements fast enough? Sanctions have the disadvantage if they dont work, the country you sancioned just made itself independ from you economically and you lost that control. Thats what happened with China. They just dont care about their Brutal Attacks, because they are more or less independent.
I am an Iraqi, I know people from both countries and have been to both countries. This conflict hits close to home. The situation in Ukraine and Russia is tragic in every aspects. I do not wish and do not want war upon anyone or any country even the countries who did mine dirty. I can definitely relate to Ukrainians, I know what it's like to lose loved ones and your home because of a war that you simply sincerely wish never happened. However, I can also relate to Russia and the Russians too, Because when our innocent civilians were accused of wars they were completely against and didn’t even start to begin with. Plus the strict sanctions imposed against us, Which caused a horrible humanitarian crisis and a currency collapse and not last but not least, A nation suffering from extreme corruption and neighboring countries are so close, But yet feel so far away… Stay strong to both nations, best blessings and best wishes to you all that I know. what it's like to be in both end of the stick and situations and you absolutely wish they never happened. Both countries are suffering, I hope, by the will of God, This will be resolved as soon as possible. Despite all the unfortunate disasters that have occurred over which we also have absolutely no control over. We should always at least try to spread and preach peace among each other and stay strong. Hatred and vindictiveness when accusing the people of an entire nation that the actions of their politicians do not solve anything, Except cause new conflicts and even more unwanted fuel to the fire. I love and respect all countries and their people and hope a well being for all humanity peace from Iraq
Really? Russian citizens against the war? What percentage? 10? All others seem to be happily drinking Kremlin's stinking koolaid - look at Putin's polls! All global companies may be leaving - but Putin makes a large concert with his little doggy friends - actors like Mashkov etc - and rally the zombies to his support - and they blindly follow. WHEN WILL IT END?
some Russians are innocent, yes, and they are trying to escape from Russia now. But most of them support this war and Putin. So I don't have that much of empathy for them. This is very passive nation and egocentric too. They really believe that they are a good guys here.
Eh, thank you for such a sober recognition of the complexities of the situation on both sides, especially in Russia. It's so weird, that the world, especially the most economically successful regions of it don't understand, why those sanctions will never help to solve the situation or at least somehow affect that. I can't believe that they don't understand that with those sanctions these countries are just sponsoring the appearing of one more unhealthy, poor, disadvantaged and criminal region right on the side of Europe. That's weird.
Thank You, I appreciate you’re message and it’s very well written thank you again and really sorry for what happened to your people, Peace to you and your country. I find it amazing that people of Iraq are smart and mature enough to understand the difference between people and government and don’t hold grudges and hate they forgive even after everything they wrongly went through, Westerners should starting taking notes. Iraqis never forget and they have every right to never ever forget what happened I wouldn’t forget either if it happened to my country. Glad Iraq is making a comeback I’ve seen some vlogs of it and honestly it’s truly a beautiful country. I really hope Mesopotamia returns back to it’s glory days. It’s actually quite heartbreaking and sad Iraqis got the worst of both ends of the stick and frankly enough nothing was done. Nothing done against the illegal invasions and no sections were being held against the 40 countries that illegally invaded. Now sadly that being said, Nothing is stronger than the truth. The truth has been revealed and the whole world feels extreme guilt and are really sincerely sorry for what happened it. It should’ve never happened it was war against humanity. The whole world became unstable after that invasion not just the middle east.
This was not as in-depth as I'd hoped it would be... I would've liked to see more analysis on what the sanctions' impact has been so far, and mention of how oil and gas is still being bought by Europe and India.
Just wait and see; when air travel stops within Russia. When Russians rise up because there isn't enough food that they can buy or they don't have money to buy them. They will not be able to replace the tanks and missiles that they are losing in Ukraine.
Have the sanctions worked on North Korea? Irán? Cuba? Venezuela? Nicaragua? Those are countries in deep poverty, and how long have their governments (basically citizens) been hit with sanctions??? … there is your answer
Well, the last few sentences are basically the most important. They still have countries to trade with. They still can import stuff via third countries. They also make semi-legal agreements such as: Shell company has 50% russian oil and 50% from other sources, but when Shell trades it - it is not considered russian oil anymore. And that is a big issue. Another important thing is - even though a lot of companies left russian market, they are is still in surplus. And the reason is simple - EU can't say no to russian gas, especially Germany. They closed all their nuclear power plants and decided to use "cheap" fossil fuels, and now russians are getting billions of dollars monthly for their gas. Which basically feeds a war machine. So the only sanctions which would have a real impact on their economy - are those which are about fossils.
Ronald Reagan proved that you can bankrupt the Russians in submission. However, it takes time. The tech bans have already limited Russia's ability to make key weapons and it is showing on the battlefield. Russia is now involved in a costly war that they thought would be over in a week. Regarding natural gas, Europe doesn't have to ban it completely, but just buy less (which will start happening this year). You will see the tipping point when Russia starts having flareups in Republics that they currently have under control. Personally, my BIGGEST issue with the West is that we aren't giving the Ukrainians the weapons they need (planes, tanks, artillery, missile def systems) that would allow them to DECISIVELY defeat the Russians.
I find it funny that in the last part, in order to reduce emissions, they close down all the most efficient and cleanest sources and burn more fossil fuels.
@@lapiswolf2780 Hi from Germany. We didn't close the nuclear power plants "in order to reduce emissions". The official reason is that Germany decided against nuclear because of how we assessed the risk : benefit ratio to be. If we had decided to let them all run longer and no accident would've happened we could've saved emissions, though there would've still been the question of a permanent repository for the waste that no one here wants "in their backyard". If an accident had happened it would've been an absolute disaster for our country and potentially large parts of central Europe. There are a lot of people, a lot of property and a ton of nuclear plants in the middle of Europe, many of them quite old. Disagree with the rational of the decision but this is what's going on here. Last plants in Germany shut down this year. The Merkel era indeed has lead us deep into the russian fossil fuel industry and it was definitely also supported by the social democrats now providing the Chancellor in a coalition with Greens and free market liberals. Our new minister for economics and climate protection (Greens) has now put forth 600 pages of legal changes to boost the expansion of renewable energy and whether its enough or not, it's a tremendous something in this country after 16 years of conservative misrule, if I might say so. The will to get away asap from russian gas and oil is prevalent in government today. Habeck just disagrees with an instant embargo because he says it will lead to a deep recession and thus also slow down our transition towards a carbon neutral economy which is already heavily delayed again because of the lost (almost) two decades of conservative rule. Disagree or not but that's the reasoning. Lastly, calling nuclear the most efficient and cleanest source seems to me to be quite an irrational thing to say. Where's your data to back up such a claim? editing to add that a lot of material for nuclear power plants comes from at least the russian influence sphere if not Russia itself.
@@LarsRichterMedia I don't think you understand the risk of nuclear energy vs fossil fuels.This video might change your view on nuclear energy risk ruclips.net/video/Jzfpyo-q-RM/видео.html
i don really yet know much on nft but if you continue to follow Jonny Harris you will learn more for me i think working with a professional on trades is more good they dedicate more time to give you the best
yes I strongly advise you against self trading, it's really dangerous and had brought so many investors down, you need someone with the knowledge and strategies, someone dedicated to the crypto currency market business, and am surprised because i trade with mrs Theresa alvarez she is a great dedicated trader
Johnny Harris is the only person I know who strews about pieces of paper aesthetically. It’s basically a third character after Johnny himself and the Maps.
None of these would have happened if the US never illegally invaded Iraq and killed its civilians. This made Putin thinking he would do the same with Ukraine and get away with it!!
Fun Fact 💢 More than Half of the World, the Global South, China and India, has not sanctioned Russia, and did not gave in to the Western Propoganda of War, for them there is no difference between the US Invasion of Iraq or Vietnam and Russian Invasion of Ukraine. This is basically a War between Russia and US and its Allies on the Ukrainian land using Ukraine. Self-reliance. Sanctions forces countries like Russia tobe self reliant. Like Ambassador Matlock said, who served during the cold war, "Do not underestimate the technological might of the Russians". Its a blessing in disguise for Russia, as it will force it to be self reliant and if it needs anything will force it in the arms of China, where China will have upper hand. As Mackinder said according to the Heartland and Rimland theory, it Russia 🇷🇺 and China 🇨🇳 come together that will be The End of Western Hegemony.
Another one of Johnny's videos I thought there's no point watching. By the sensational name of the video it looks like Johnny is a victim of propaganda...... So much for his respect as independent journalist. If you want to see the aftermath of the event taking place in Ukraine. This is a good channel to watch. Ps I'm neutral in this war both sides have done wrong.... ruclips.net/video/lRtLFT2sbBg/видео.html
Probably the rest of the world is already sick of us and Europe non stop sanctions and looking for exit to not be relaying on dollar and euro that much.
@@Champ092 Any country can choose to not use the dollar any time. The issue is not some US world order, the issue is macroeconomics. These countries are economically much better off having the ability to trade in dollars This doesn't make it forced or something
@@Champ092 listen to what User said The dollar is literally one of the safest and valuable currencies that every economy cannot simply stop to use for their own economic gain
@@ceddricc5909 Both you and @User know nothing about the matter. "Any country can choose to not use the dollar any time. These countries are economically much better off having the ability to trade in dollars" "The dollar is literally one of the safest and valuable currencies that every economy cannot simply stop to use for their own economic gain" The major reason countries use US dollar is to buy mostly oil and other resources (like cocoa, ore) on the differents markets that are sold in dollar. The dollar would get stronger just by the fact that people would buy some goods that would have nothing to do with the US to begin with. But because the said good is sold on a global market in dollar, the US just benefits from the world's commerce, for no reason whatsoever... This is evil hegemony. Thanks to the sanctions, Russia is cutting off financial ties with the west and building a new multipolar system gathering several currencies. This is the way to go. The US and their monopoly over the world's economics with the dollar can go to hell. We are different people on this earth, with different currencies. Let's let them all have their word to say and live together, and not one ruling over the others...
What a great job you have done with this. I am perplexed about connections you haven't made yet, if it is intentional or just hasn't sparked any additional thought. Not a big deal considering the sheer amount of work and dedication you continue to do so well! THANK YOU! I APPRECIATE YOU GREATLY!
I disagree with the premise that sanctions are a punishment intended to undermine the Russian regime- if that was the case, it was only secondary. Rather, it is foremost a _military tactic_ intended to undermine Russia's ability to collect the resources necessary to continue the war, from cash to microchips.
Sanctions don't work. They disproportionately effect the working class and rich people find ways around them. And the fact that America is dictating the morality of war is almost too hypocritical for belief. Imagine if Russia put sanctions on America for the illegal war in Iraq. Imagine if your bank account was shut off because of something George Bush did? This video is just NATO propaganda coming from a man who's sponsored by the WEF. Johnny is a tool brought to us by the same people behind The Great Resest.
Exactly. Also I don't believe the aim is to change Putin's mind...but take out Putin from his place. Which is becoming a bigger and bigger possibility since there's been a lot of unrest among FSB (like their CIA), the rich guys that can't get their money and now "have to live with 3000€ a month and can't pay their chauffeurs" and even the countless military officials he has been moving out any time they tell him he is being stubborn.
The Russian military DOES NOT DEPEND on external supplies. It relies entirely on internal production, so that if anything happens, no one can put pressure on you. This is a key requirement for the military-industrial complex.
@@oscarfisher1890 I would disagree but the fact that they have been running through Ukraine lacking GPS and NODs seems to imply that is the case. Although I can see why they wouldn't use GPS but they did setup GLONASS so I don't know why they don't have those
I am Russian. I really hope this meaningless war will stop soon, but now hope is not so strong. Big thanx to Johny for uncovering Russian and Ukrainian situation for english speaking audience. I myself is 1/4 ukrainian by my grandpa and I have relatives in Ukraine, I still cant fully realize that this Putin's shit move been going on for a month now. Every colleague and a friend of mine wants this war to be stopped! People here are nervous about sanctions, I will surely suffer from them in near future because we wont have any resources to upgrade tech in a studio that I work in. This will surely affect many people around here, prices are rising massively from food to hardware and transport. I personally saw many people from Ukraine wondering why russians who dont support war don't go to a street protests. There are many reasons like constant arrests even on a Single-person pickets which are prtotected by the Constitution of the Russian Federation but policeman or judje will care about that. You can immagine what happens on a few people protest. Even I was arrested at the end of february because of particapation in such protest, fortunately i didn't recieve any criminal case records or fines at the time. Right now if you get caught on any anti-war actions such as peaceful street protest or single-person picket you will be put in custody for several days and will have high chanse on getting a criminal record. For any other actions such as distributiing flyers, painting anti-war signs on a wall or even gifting ironic stikers to people, can lead you to a massive fines or again custody. Government is not representative of it's people, people are hostages of such government. I wish everyone a peacefull sky. Stop this war Thaks again Johny, your work is relly important
do you live in the city? what is the overall public opinion in the country side? strangely my bulgarian friends have completely bought into the propaganda from russian media. it is very bizarre to watch what they share and text about on social media these days
@@2ksinnercircleeurope681 I'm studying now in Moscow and I could say that most of Russian believe this war is needed although war is bad. The against one mostly are the youngsters who just care about stuffs from the West and have limitation in the view of big picture. Now, price tag might higher than before the war about 10% for essential stuffs like food but I think it is still in range of Russian people. The sanctions you might feel bad as what he said but in fact, it is not. All the sanctions the EU and America doing now just like shoot at themself when gas and food products are getting higher and they are the ones hurting most, not the Russian. It is really funny to watch how seriously he was in the video, but he like know nothing ))) and spoke something, I think everyone has already known.
@@leonardohoang2434 okay. but what is the big picture, if you are russian? i try to read and get my news from many different countries. my own country is not bad, but it can turn a little one-sided at times. so news from middle east, asia, scandinavia, germany, england, us, uk is my way of triangulating things. and google translate, but i dont know so much about russia. do tell. we might not agree. but i want to hear your version
It’s tough for ordinary Russians who oppose Putin. Here I can insult Boris Johnson, protest in front of Parliament, and put him under political pressure and remove him from office. In Russia, we are told you cannot take action against Putin, all his rivals end up dead, poisoned or in jail. I wish you well and a hopefully you guys can get a new, improved and democratic Russia.
Да простят нас наши англоговорящие друзья, но я отвечу на русском. Он в видео и поясняет, что санкциями должно оказаться давление на элиты и на людей. То есть это должно выглядеть так, что ты увидел закрытие netflix и пошел свергать путина с поста. Конкретной фразы про вину россиян я в видео не помню(возможно пропустил), но сложно отрицать, что значительная часть населения РФ поддерживает действия на Украине. Надо будет перевести это потом на английский
That would be preferable to hole that's in your head. NATO is a DEFENSIVE alliance. It was expanding to prevent full scale invasions of sovereign nations. They just didn't get to Ukraine in time. Putin is the bad guy, there is zero debate about that.
We all hope the world can work towards deposing Putin and installing a stable democracy free from tyranny. Ultimately though young Russians have to do this.
I don't understand how sanctions even have any effect on a country, especially since EU members that are supposedly imposing these sanctions, have given Russia 38 billion dollars for fossil fuels since they declared this war. If this can be explained to me, I would appreciate it.
The main thing is that Russia can't pay national/government debts with dollars or euros because it's foreign exchange and gold reserves are being frozen. Which is a technical default of the country. Regarding industrial sanctions, to put it simply, Russia doesn't have an ability to produce high tech products without importing foreign tech and parts like semiconductors, microchips, machinery, etc. Including of course military technology and machines. Russia can't even plant food because 70-80% of the ceeds is also imported. The same goes for basically everything - from pet food to cars and medicines. So even if Russian government receives payments for gas and oil, this money can't be spent on goods and tech from the countries who support sanctions. And a lot of these supplies can't be replaced with Chinese or Indian export.
Yeah because we can't live without Russian oil. If Putin doesn't deliver oil anymore, Europe will go down very hard and they will have very very very big problems.
Sanctions are essentially what you would call a pay cut. For example an employer could cut your hours, that would cut your pay, and that would reduce the amount of money you could spend buying weapons to kill Ukrainian's
@@KamaelFeo , about seeds. Russia stopped exporting wheat and other plant products to have their own seeds and don't stop production. So now they have seeds. And another. No tech - no gas, oil, fertilizers (25% of all in the world), titanium, pure neon (60% of all in the world. Produced in russia controled Ukraine territories as by-product of russian steel manufactory) and around several tens of other strategic goods. Also russian military sector is full autonomic, they are producing their own semiconductors and electronics for military (only around 20% imported in 2021. 2/3 of import from China). They can't produce electronic for citizens but can for army.
@@ashnazgthrakatuluk4755 apparently you have no clue how production of this level, and economics in general, works. Hope Johnny will make a video on that. Also, funny stuff about autonomous military sector, please share your sources. I don't think I've ever seen a military factory or a plant where everything, from the building itself to heavy machines and factory machines and tools, is made without using imported parts and mechanisms. And I've been to a few factories like that, and I've heard how Iskander-M complex was designed and built from my university professors who actually designed it. And how is that even would be possible with the 65nm microchips? Russian economy is collapsing because it can't properly function without imported stuff. No metals and minerals too, because they're mined with imported heavy machines, and they're not Chinese.
you missed a huge chunk of information, the "rest of the world" i.e non western countries are not sanctioning Russia so they are able to do business with many countries, these are countries that are the backbone of western economy too hence why a huge recovery in the Russian currency.
Huge recovery my ass, they're burning their citizens foreign currency and hoping the west will bite the gas bluff before they completely ran out of foreign money. 😂
The reason the Russia currency has recovered is for two reasons. First, their central bank implemented a MASSIVE interest rate hike of over 10%. Second, they have implemented strict currency controls. The result of this will be a massive economic contraction in Russia far beyond what any of us in the West have ever experienced. Sanctions work, but they take time. The most important ones are related to the tech bans that have shut down the productions of precision guided weapons, tanks and jets in Russia. Russia, isn't very good at producing many things on their own. Regarding China, they will be able to help Russia to an extend, BUT they are the very worst partners. China cares about one thing: China. They will screw over the Russians dearly and try to make them subservient to China. On top of ALL of this, Russia is already sitting on a demographic time bomb that is going hurt their economy longer term. This, plus the massive brain drain Russia has experienced has set in motion the eventually collapse of the Russia "Federation".
@@Sword_Master149 He's not wrong. 100% of the most modern military technologies Russia owns, are developed by western countries, like Sweden and the US. Making yourself a pariah to the western world is about the worst thing you can do for your national economy and development, which is why even China is afraid to take a firm and clear stance with Russia. I'm sure India, Russia and China could have a lot of fun together... but you would quickly fall even further behind without the West.
I kind of wish you'd gone even deeper into this, including things like how sanctions also hurt the counties that impose them, and how short term and long term sanctions are different (eg. how long term sanctions impede technological innovations and reduce the money available for building up the military/nuclear armaments/intercontinental ballistic missiles)
Indeed, i miss a thought about the aftershock of the freezing of a central bank's reserves. Let's be honest, only a minority of countries are democrazies and allies to the US. A lot of countries use the dollar for trading and as a reserve but are somewhat shady. What are the outlooks of an undermined dollar in terms of a save haven?
That's why India and China wants to be self reliant in everything. Sanctions are double edge swords that more or less hurts both parties. Sanctions against Russia are more like special economic measures to make them more self dependent lol. Its mostly west and their close allies that are sanctioning Russia while India and China both being major upcoming Superpowers with each having larger population than entire West refuse to condemn Russia. They're rather being opportunistic and seeking self interest by offering Russia alternatives to west and buying their discounted oil and shit. So western sanctions wont make as big of a difference on Russia. Btw US' architect of sanction agaisnt Russia is an Indian american while fraction of Biden adminstration is pawn of China. Its funny how west is infiltrated by rest in their every sphere and sector, being ripped off from inside out as west slowly kills itself and you people cant do shit about it. Western hegemony days are numbered! World sees west with cynicism no matter what. Also world dont rely or revolves around west anymore you're just small part of it! You cant go around lecturing or interfering in rest of the world. Powers like China and India mind their own business unless it directly concerns them instead of trying to police the world like US who cant even properly police itself at home lmao. Centre of world power, population and economics will shift to East! China, India(biggest populations) & Russia(biggest size) will decide future of world order and world will follow their lead, values and system to develop like them instead of ending up being big mess like west with their so called liberal dEmoCracY. Rest of world adopted whatever worked best for them from west with some Westernization but future is of Easternization. Emerging economies in Africa that are booming in population with so much room for economic growth are already leaning towards east specially China for investment and growth. Asia and Africa by end of this century will account for 85% of world population and 3/4 of global economy! Even West will be taken over by them which can potentially result in its collapse and its not far off, in just couple decades 2040-50(century after WWII) US wont be biggest economy or even a white european majority nation while Asians and Africans already dominate most narratives and spheres in US with strong sense of identity, unity, dignity and pride which white americans lack. Europe is heading in same direction. This all may cause us to witness impending WWIII, white western world will fight for survival while rest of world will fight to make its place in changing world order. And Penguins from Antarctica will finally have chance to rule the world. GG ☠️ I went bit too far lol!
Yeah I think he really should have just stuck with "What are Sanctions?" The "Will They Work?" was terribly underpresented to the point of being disingenuous and irresponsible
Hey Johnny, great video one point of contention that’s really interesting is Russia has developed and continued to build out their own payment system since 2014 when crimea sanctions happened so many Russians have credit cards on Russia’s payment system rails instead of visa, MasterCard, and Amex. It’s actually quite interesting how these type of sanctions drove Russia to be more independent and how moves like this will drive other countries to localize their payment systems/operations to prevent sanctions from hurting them in the future
As much as I appreciate the immense amount of research put into this video, there's some things I'd like to point out: Russia is not at all isolated from the global economy. BRICS (Brazil-Russia-India-China-South Africa) continues to strengthen and its the group of emerging economies, pretty much the economic giants of the next decade. Also, the Ruble may have crashed but the Russian Central Bank has been almost somewhat backing it with gold, thus making the Ruble a really trusted currency. Thanks to the EU mostly, Russia's currency has come to pre-war levels due to increasing oil and gas revenues. Russia's even allowing piracy in the country to create "Russian versions" of McDonalds and others. Dubai and Turkey are now becoming new havens for Russian oligarchs. Wanted to point these facts out to ensure that people have a whole understanding of what exactly is happening with the Russian economy.
What about the normal people that work in Russia and are suffering now? If I was a Russian I would be hell a mad right now and leave the country whenever possible... Ofc the Oligarchs can go to Dubai or Turkey but the normal citizens cannot and are suffering the most.
@@jonkadler8333 That's the unfortunate part about sanctions. Iraq was another country massively devastated by sanctions. However from what I'm seeing, Russians aren't acting against Putin much, they're actually more hostile towards the West now.
@@spiritualmeli5014 There are some videos by Richard Medhurst, a journalist who's covered this and the Middle Eastern conflicts in detail. Would recommend watching his videos if you're looking for information that doesn't go with the mainstream narrative
@@aryanghosh5578 This is because you can't act against Putin it's treated as treachery if you doubt Putin in anything he does, so the people simply cannot. I'm guessing many Russians despise what he is doing currently but they cannot express themselves.
Johnny, I cannot underestimate the research that you've done here. You're an amazing (I hate the word journalist these days, but whatever) journalist for all the incredible work you've done over the years here on RUclips, but, unfortunately your question of "Sanctions Will they Work" is kinda rhetorical one, because the answer is a rhetorical one, too: NO, they Won't
Correction: Alot of the Western companies pulling out of Russia are not doing so due to sanctions. Sanctions are what the government mandates to cut off by law. So while some have left because the government has said they must, MOST leaving are NOT part of the sanctions - they are simply leaving of their own volition. There is a distinction.
still sanctions are useless , and futile ways to take down a Ruler´s mind. Iran, Cuba, Myanmar , had been sanctioned over decades, and they never changed. I will show you, the only thing that really helped the Ukrainian people against the agression. (is in spanish, but you will understand the images) this , is the only good help that was useful (and not the stupidity of sanction something differet every day) here you look : ruclips.net/video/bh7GOpXt4YA/видео.html
One thing you didn't mention (unless I missed it). Part of why seemingly random rich Russians are being sanctioned is to stop them from being used as funnels for other sanctioned people to channel money through.
@@WinstonSmithGPT Hmm. After Russia collapsed, it took a while but the west (mainly Europe) tried to work with Russia. Personally I think it was a good idea for Russia to keep America in particular out of control of their major state industries but the nation did fall into a managed oligarchy. Not being an economics expert I can't say whether or not there was a way to actually make that work, but it is clear that it did not. Look at how Europe linked with Russia for its critical energy infrastructure. The EU tried, it really did. The problem here is historical, ethnic and nationalist. And those are all issues from Russia's side. Historically, Putin wants to restore an empire. Ethnically, he expected Ukrainians to want the same. Nationalistically, there is an inlaid fear and derison of non-Rus. Instead of working through those issues, Putin ran headlong into war to solve them on his terms. Maybe before the 2014 invasion of Crimea, the Russians had a point. But the 2022 war is all Russia.
I think there's one important aspect that went overlooked: both continuing war and replenishing advanced weaponary (like destroyed planes or spent rockets) is a huge economic undertaking and requires access to imported hi-tech electronics. With sanctions continuing the war gets harder, which is also important.
I was about to write something to this effect. It is a direct hit on the government’s finances and ability to fund their war machine, especially as they are taking such heavy losses in Ukraine.
Exactly, I’m pretty sure Russia’s biggest tank factory is grinding to a halt because sanctions targeted ball bearings which are essential in making armored vehicles. They’re taking losses they can’t replenish, especially the Russian Navy and the Black Sea Fleet, Russian Ships can’t enter the Black Sea to reinforce losses because Turkey closed the Bosporus and Russia has no means of building new ones with the sanctions its facing. The Black Sea which Russia has historically dominated is now keeping its own fleet bottled up with no hope of reinforcements to fill in any losses to provide amphibious assault capabilities
That's only assuming there's massive loss of equipment and no reserves which isn't being experience by Russia no matter how much the fake news mainstream media in the west would like you to believe. Russia used only a small fraction of it's forces and equipment in this war and out of that only about 10% of the capability was degraded since the start. It also produces nearly everything its military needs locally unlike the western powers. What you've just said is subconscious projection because it's actually the west that would be highly impacted due to the dependence on imported hi-tech electronics.
as if they dont have the materials for their industrialized war machine? Russia is not lacking on resource. One mining pit for iron ore in the south russia will easily supply their industry to create their machine, it even surplus which is abundantly exported.
@@Nafets-C Most modern military vehicles and equipment require micro chips. If Russia can readily make those then you have a point, but I guess they can have fun using soviet era technology while Ukraine receives the most high-tech weaponry from the west. The sanctions affect russia, there is no way around it. That is, I'm not even touching the fact that you believe iron alone can support a war machine.
Bit late but the sanctions never had a chance of working. The reason for the war remains unchanged Russia is backed into a corner and has very few options available as a country. When fighting for survival as a country you can't care about the sanctions. People who don't understand why Russia invaded will always think it was unprovoked or completely random. It wasn't.
Love your videos but for this one, I feel that it's lacking lots of other info. Russia's retaliation on the sanctions, the impact on neighbouring countries and the world and the relation with China & India.
@@jatinsoni1979 I love Johnny but misinformed videos like this try to persuade us from a different reality than what actually is, info like this it’s what you get on US national television.
Putin's war on Ukraine made Ukrainian people suffer, and now world's retaliation on Russia will make common Russian people suffer. Always the common people suffer in war. The rich & powerful get a way around it.
The only people sanctions actually hurt is the ordinary people of that country. The Leader or Dictators end up living normally. North Korea and Iran is the best example of this.
Johnny, I like your videos. But this one is misleading in a big way. Europe has exceptions for gas and oil, and this is a major issue. And they only recently put a proposal to sanction coal (Germany asked for an August 2022 deferral for them to take an effect) after Bucha war crimes. The big issue is the gas and oil exemptions. If Europe does in fact put sanctions on gas and oil, situation might change, of course Europe has no alternative source for now and would go into recession. Hence this situation continues.
"Bucha war crimes" turned out to be Ukraine's PR operation, as investigations have only found a few people killed by shelling, which is nothing different from anywhere else during any war. And most of those people were in so-called "territorial defence" formations, what makes them legal combatant. So it is not a "war crime" in any case. Unlike eight years of Ukrainian neo-Nazis (yes, literal ones: with Nazi SS insignia) shelling purely civilian areas of Donetsk' outskirts.
Like most of the dialogue on sanctions that I'm seeing, this video overlooks the fact that sanctions don't have to change anyone's mind to work, they just have to make it difficult for Russia to sustain a costly invasion and occupation. No form or amount of external pressure is ever going to change Putin's mind but that doesn't matter if he is simply unable to pay his military commanders and supply his troops.
I would argue that Russia is easily able (regardless of what money it received at this curent timecfor it's commodities) to fund the military operation. Prayers for my brothers in Ukraine 🇺🇦 half Ukrainian here. 🙏
and I also agree, these sanction won’t affect the wealthy, they will out maneuver those lists while the Russian people who hold zero influence to their leader and the military will continue to suffer. We can draw up a list of many countries where these sanctions didn’t work, it just made things worse, and it only enraged the local population to hate the west more
A big part of it is crippling the Russian military industry. They are apparently quite reliant on Western components such as chips, so disrupting the supply while also supplying Ukraine with tools to destroy Russian military hardware could erode the ability of Russia to supply enough equipment to sustain the invasion.
If anything I feel like it makes the population more dependent on the government, and also makes them weaker against it, eventually helping the government persevere in the short-term. I'm not sure how it would work long-term, I guess it depends on state security which is why the govt is slowly trying to turn us into North Korea, starting with internet limitations.
It also works to ensure the new government wont be as powerful as the previous one, and make them more dependent to US Two bird with one stone, y know?
@@haramtv174 the Media adoctrinate-us to protect against oustiders (the clasicals N.K. China, Russia, and even the poor immigrants) , but in reality, citizens must be protected from their own goverments.
As a person living in Russia, I can say that nothing has changed. It was easy to find a replacement for the departed companies, there is no shortage, and we lived as we live Moreover, Russia can manipulate the dollar more effectively than the US ruble
@@Jumbo37279 nope. But some Russians want ruble will fall again to sell these useless dollars they bought at the start when Biden promised 200 rubles for dollar🙄
Yeah but the war would have disrupted the grain supply even without sanctions. On top of the simple problem of planting crops in a war zone, Russia is also blockading the Black Sea to Ukrainian shipments
Yuh stay strong EU, no gas, no wheat, no cooking oil, no electricity. After summer months EU will be beginning Russians for gas and oil. Sorry but they shoot themselves in the foot.
Its spill blood or money. Sanctions are all we have and as long as it even eratates Russia , that's better than doing nothing. The west is a 36 trillion economy ,China and India are not covering Russia's loses. We waited them out in the last 45 year long cold war we can do it again.
Regarding credit cards (Visa, Mastercard & maybe others + Paypal) my understanding is that russian citizens can still use them, for payments within the country, until they expire. But they can't use them outside / for international payments (ex: online).
At first glance that looks like a problem but ..... That's never a problem. The last time i checked india is producing Sputnik covid serum for Russia and other pharmaceutical drugs .. i hope you understand what i am talking about.. China and India are Russia trade partners and they have a lot of joint ventures... Includes production of war machinery. In another news yesterday and today india tested a hell lot of missiles, Anti missiles and stuffs ,idk honestly what's going on between Russia and China but i guess things are pretty smooth... The most important thing is Russia have food...lots of food, fertilisers,oil and gas so that a good thing,the sanction did Russia good,their currency bounced back and is at its strongest.
Ohhh in the world of entertainment, there's a talk that Russia will replace Hollywood with Bollywood (indian film industry) and there are talks of using indian cars like TATA , MAHINDRA AND MAHINDRA,LAND ROVERS etc etc... Transactions will be Rouble to Rupee, i think China and Russia will have a even better trade because they are closer to each other geographically.
Amazing video with a clear understandings of sanctions. As a person that works in the financial industry (specifically crypto), sanctions go much deeper and causes a lot more stress and pain than imaginable. As an example if you have a similar name or entity that has ever been on a sanction list you are investigated before opening any bank accounts, credit cards, mortgages, etc. We are forced to constantly scan our database for possible matches on the ever changing sanction lists. Every day hundreds of people are denied services even in the US due to sanctions that have no correlation to them and absolutely no company will ever take the risk that you truly are that person.
@@johnnyharris Oh I understand now. The economy hasn't truly been global until just this past century, and I'd imagine the Cold War would have made studying the effects of economic sanctions as an instrument of war difficult to measure.
Well the Japanese got the worst luck, after the US embargoed of oil and scrap metals. Japan were given a choice, attack north of Russia or attack oil rich country in Asia. What they didn't know is that, if they attack Russia, they stumble upon the largest deposit of oil that have not dug before and is far larger deposit than Asia itself. Sadly, history can't be change but if Japan attack Russia, US might not fight the Japanese as war of pacific did not exist. Still, speculation if US joining the war is Europe might not change much as President Truman did make plans to join the war but much later on but without declare war on Japan.
@@SN-oo2fq India is just providing the stereotype true about a getting a good deal they know russia is weakened economically so they will take advantage for themselves
@@SKumarInTech Hey Indian brother, just because our country is taking a neutral stance on this war doesnt mean that we support Putin's war. It just means that we are dependent on Russia for weapons.
@@ninadganore The dependancy is not simple, its not like we are at Russia's mercy! America offered India in terms of Weaponry and India rejected saying they are not as Cheap as Russian Weapons. So this is business nothing else.
@@suhaschandan8029 I didnt say that we are at their mercy, i am only stating the reason why we can't strongly condemn the Russian invasion, and this silence should not be misconstrued as support for Putin.
After nearly 2 years of sanctions, I don't feel the economic influence. For me personally, brands who are still selling their goods under different names and at the same high prices, are not important. Convenience chain stores in every small town are full with fruit, vegetables, milk, meat, etc.
As a russian sitizen I can tell you how does it feel here in Russia. We really do feel significant inflation, especially for imported goods. Apple pay, Google pay and Samsung pay stopped working. As well as McDonald's, H&M, Netflix, etc. left our market. But we do have local or other foreign alternatives here. For example, we have MIR pay, SBER pay and so on. Most of these things appeared in last year's. So it looks like our government was preparing for that. By the way, the value of ruble now is even bigger than the day before the war started. That approves your statement that nobody knows, what effect will be reached after all of that sanction stuff. P.S. One more interesting thing about psychological sanctions effect. Those people, who were not interested in politics or didn't support Putin are now supporting him. Not all of them, but a significant amount as I can gudge by my acquaintances. They feel economical effect from suction, can't eat a cheeseburger despite they did nothing bad. And who did this to them? America did. That's what they think.
@@giovanniamadardjo247 Nah, the thing is somewhat legit. It's a very odd situation. So, in Russia, very roughly, you can split people into two-three cathegories along their lifestyle and political views, which often align somewhat. Most intelligentsia doesn't like Putin, for example, and they happen to be the consumers of western goods. Most people who have been through Soviet Union and 90's don't care about politics, but they sometimes consume western stuff. So, there was a big chunk of people who disliked Putin a lot based on corruption and so on, but had no power to do anything with it. And now they're getting punished for something they have never voted for, never considered a good thing and wanted people behind it gone behind bars for a decade. From my personal experience, they started hating western authorities along with Putin - they bought oil from him, which did little to benefit us (compare the money flowing in and our regional centers, it's where the corruption questions come from), but those money kept sponsoring the propaganda machine and """"law enforcement"""" riot squads. So now, after they have been paying for a decade to an insane, paranoid dictator so he could make a machine that tortures and imprisons any opposition, and brainwashes the gullible, we have this tragedy. And they have the gall to be surprised. They weren't touching our oligarch's personal yachts and their wives\daughters' accounts after Crimea and """proxy""" war in Donbass. They kept buying oil even after absolute dogshit laws were passed and any reasonable opposition was either ousted, flat out murdered or jailed. Who is paying for this? Ukrainians with their blood, children and lives, and we with our futures and broken bones.
This effect is temporal and it is not very important if some Soviet drochers think America is being bad. What is really important what other people who were not interested in what is going on in Russian politics, will now be paying attention. It happened to me at least. I badly struggled because of sanctions 2014 and got interested why this has happened. It opened a pandora box of putin’s crimes that I was able to find information about online.
@@maryflint6206 Nah, I don't mean soviet-brained cretins - they are a lost cause, in my opinion, and they're going to die out\decrease in numbers sharply in 10-20 years. I mean people I know myself - relatively well-educated youth who hated and still hates Putin and his cronies already.
My two cents on sanctions as a Zimbabwean: It's very unfair to a common person like me to be punished for something that our leaders did or have done but meanwhile they can easily get around them and open PayPal accounts or whatever
If you think it’s unfair, then you and your friends should get together and change your government. By any means necessary. Otherwise you’ve given your consent.
The US have been using this for decades and it never helps, the same people not only stays in power but they get stronger because by destroying the economy the only thing left is the government that gets much more powerful internally. While that the common people suffer all the burden.
Johnny, thank you for keeping doing this and bringing attention to this war. Just one thing, so far only 🇨🇦 and 🇺🇸 banned 🇷🇺OIL and GAS. in EU, only 🇱🇹,🇱🇻,🇪🇪 banned GAS as of today. Your visuals seemed to suggest otherwise.
Exactly he says “most of the world disagrees with Russia” Yet most of the world have done nothing against Russia, only US satellites countries in the EU Canada and Japan.
@@19ars92 Quite many countries implemented sanctions, including 🇯🇵and 🇦🇺 but very few are backing out from oil and gas. To my knowledge, 🇯🇵 has no plans to withdraw either.
When will you start talking about the Azov Batallion who have been wreaking havoc in Ukraine since 2014? They've been killing thousands of civilians, including women and children but you decide to overlook that because they are fighting alongside the Ukranian Army.
I would like to offer my prespective as a regular russian on "will this work?" point. I have always been against Putin, I was at several protests dedicated to this. I have friends and distant relatives in Ukraine. I do not want and will never understand this war. But I'm also existing in a society where there is a significant proportion of people, who have been propagandized for years for scenarios like this. My own parents partly support this bloodshed as "inevitable" in their opinion. Before the start of the war, I had many acquaintances who were not very interested in politics - "well, smart people will decide everything there, and it's my job to think for myself." Before the conflict in 2014, Ukrainians were generally treated well, as close people - both culturally and socially. Since the beginning of the conflict, the propaganda wave was very strong and constant. It seemed that the internal problems of the country were trying to be silenced in this way, to divert people's attention. I could not even think then that this was preparation for the disaster that is now happening. I can’t give you statistics, I don’t think that it will really be possible to get reliable numbers while the information war is going on - but I have met many people who believe that the conflict was started by the Ukrainian side, against the regions of the DPR and LPR (regions dominated by Russian-speaking people, a zone of direct influence from Russia). I cannot make precise statements about the instigator, as for me this is a conflict of interest between the two parties and it does not matter who started it. But this is a reference point for people who support the war - "we must protect the Russian-speaking people of Ukraine, prevent their government from oppressing this population. Now put yourself in the place of a person who is firmly convinced that his country is helping a neighbor, and in response to this, other countries (which are repeatedly called ill-wishers by the government) impose sanctions that hit all spheres of life. This person is very unlikely to turn away from the government, but he will easily conclude that the "countries of the West" have simply found an excuse to do evil to him and his people once again. This belief is only reinforced by the general russophobia (somewhat justified, but no less painful and harmful) on the Internet and other media. Before you start writing angry responses and telling me about all the horrors that the Russian army creates, no need. I see and understand all this. I see war crimes, I understand horrors. In the first weeks, I thought about ending myself because I was overwhelmed with emotions and a sense of hopelessness. I'm a little better now and I'm trying to think rationally. I am not the person I described above. But I meet more and more such people - because neutral people begin to feel pressure from european countries (sanctions, russophobia in the media, etc.) and begin to share the main agenda of the government more and more. I do not know how true this statistic is, but it is partially confirmed by my personal experience - the rating of the president and the government as a whole is not falling, but even growing. People who are mired in poverty and do not receive independent information (Russia blocks media and Internet resources of this nature) will not think about overthrowing the government, they will try to survive. The only ones who can decide this without outside interference are Putin's close friends. But you can also find out how narrow and trusted the circle is. I doubt very much that among them there will be at least one person who will receive more from the death of Putin than from the fact that he continues to sit on the back of the Russian people. Or he is not afraid that he will be killed after the "leader". The war of the government against any worthy opposition has been going on for a long time. I said all this so that you can realize that the sanctions will surely lead to the strengthening of the Iron Curtain and worsening the lives of ordinary Russians, but Putin, unfortunately, will not leave so easily.And even his death does not guarantee that a new convenient thug will not sit in his place. I do not think that sanctions will help save Ukrainians from this tragedy, which is a paramount task. But this is just my opinion. If you do not agree with me, we will be able to draw conclusions only after a while, after which it may become worse for everyone. I wish for Ukraine - a peaceful sky. You don't deserve this horror. You deserve peace and happiness, as I hope we can one day deserve it too.
Дружище, я понимаю любое проявление пацифизма и сочувствую людям, втянутым в мясорубку. Но нужно понимать, что во всем этом нет ни одной "правой" стороны. Трагедия в том, что в этот раз мясорубка коснулась нашей личной жизни, а не "каких то там" иракцев или африканцев. Никогда не было мира и не существует никакого зла. Есть только ресурсы и объединения людей, которые эти ресурсы хотят заполучить. Не нужно себя накручивать или ассоциировать с кем либо, ты никому и ничего не должен. До тех пор, пока страна в которой ты родился и общество, в котором ты находишься, позволяют тебе развиваться и жить где угодно - живи и развивайся.
А если ты действительно переживаешь о людях в целом, а не о себе и своих близких, то рано или поздно станешь коммунякой, в той или иной мере. Запомни мои слова. Никогда в этом мире не было спокойно и хорошо для всех
As a Ukrainian, I have to say, we don't care much about the effectiveness of sanctions in changing Russian people's minds and we still want them for other reasons. Yes, Russians are the one who could, if united, stop the war, and it would've be an great scenario. However, it's clear, Russian society will not go this way anytime soon. Ukrainians don't really have any hopes or illusions about common Russians. But sanctions are there not only to provoke a regime change but they also make your government poor and thus less able to kill us right now. Russia can't produce any modern technology including weeapons on its own, it's reliant on parts from all over the world and mostly "the West". Another obvious point is that Russia is not entitled to trade with other countries united it respects the international law. You can't invade a neighbor, attempt a genocide and just expect to have business as usual. It's a war, the one that Russia started not someone else, right? Unlike in 2014 or when Russia invaded Georgia, this time Russians are at least getting the message, something is disturbed in their normal comfortable lives. Sanctions seem to be the only thing that made them think and talk about the war at all unlike previous times. Finally, it's been a little over a month, so who knows how long it is going to take before, much like in the 90s, this vast country will be weakened to the point when it will start feeling pressure internally in its constituent republics. Unless anyone is willing to help Ukraine directly in the battlefield, sanctions are the only tool but they can only work if they're harsh enough
So, to extend your logic, if the Russian people are so brainwashed by government propaganda, then it doesn’t really matter what sanctions the West and other countries impose because Putin will demonize them no matter what. Treating Russia as if it’s all business-as-usual is morally repugnant to democratic nations and even those who are not necessarily democratic, but at least believe in upholding sovereign borders. Are the sanctions maddeningly incomplete? Yes. Will they have some negative impact on ordinary Russians? Yes. Should the world use the excuse of “well since we’re giving Russia a bunch of money anyway, we might as well give them as much as we always have”? No. Not while Ukrainian cities, towns and villages are being reduced to rubble, kids legs are being blown off, people are being forcibly deported to Russia, mayors are being kidnapped, the elderly are crushed in their cellars, women are being raped and burned, men are being vaporized, and critical infrastructure is being destroyed. The world should not use it as an excuse now, and not later. The whole world is having to pay for Putin’s insane war crime filled conquest. This is 100% Putin’s fault and attempts to blame anyone but him only serves his purposes. The sooner he is defeated the better it will be for all.
Thanks great content. BUT you forgot to mention that the real reason the Rubel has started to gain momentum increasing in value, is because when foreign countries buy their oil and gas they will trade only in Rubles. Added to this Russia have linked the price of gold to, yes, the Ruble. They are currently trading gold at under the spot price. This is one big chess game
The "traded in rouble" thing is a bit of a sham. Like normally you'd assume this means that countries must try to find rouble internationally and because of high demand, low supply, raise its value. But what really happened is Putin agreed with Scholz to set up a bank in Russia where the western governments and companies will have rouble valued accounts but can balance them with EUR and USD payments, and the bank will perform the conversion itself, so it's practically business as usual. The rouble value is being held up by lack of an open exchange otherwise, trading being halted. In the interim, invisible inflation will mount, and will hit hard and become visible when trading reopens or supplies run dry.
@@ShaLun42 doesnt matter now that the west pays in Rubles. Europe breached all of its contracts when they invalidated the USD and Euro in real time and now the west is paying for oil and LNG at spot market prices which has greatly benefitted Russia with the restoration of the ruble
@@SianaGearz LOL NO buying rubles from foreign exchange constantly will rise ruble value, Its like paying in euros and getting the bill as rubles with the help of third party, For example A wants to buy in euro and B wants to accept only rubles so A gives euros to C who converts it Rubles and give them to B. Its just like a broker and this was actually planned by Putin not agreed by Scholz. also to do that the member countries should have an account in rubles in Gazprom bank. The only reason the tap is running is because the oil they are sending are already paid by Europe before April 1.why do you think Europe is preparing for gas shortage.
Russian here, thought most of this is true, it's still poorly researched For example. We still can use mastercard inside Russia. And there's another payment system called "Mir", which works here and also in a few countries (post soviet union, mostly, turkey, UAE and some more) And they're "anti-sanctions" which only hurt Russian people
They don’t only hurt the Russian people, it also hurts the people in the countries that enact these sanctions. So you and I, a Russian and Canadian are harmed by the sanctions while our governments are barely effected.
I felt the same way, Although i am Nigerian. Russia currency bounced back and Russia is still trading its oil and forcing other nations to pay in rubles. He just overlooked the fact the sanction is not really successful
Was hoping you'd go a bit deeper, especially about the ideas that sanctions could make the war either last longer as Russia might see them as permanent losses, or shorter if it can choke out the Russian war machine Second of all "The West" isn't really cutting off Russian oil and gas yet, it's mostly just the US and Canada
North korea has been in total isolation for decades now... everyone expects to wait it out until the regime falls but look at it right now, it doesn't look like it will fall anytime soon. Not only did we isolate a dictatorial north korea, we have forced them to be compeltely self reliant in atleast politics and culture (economics abit question since China has a big role in this). We even increased their paranoia due to the fact that everyone has politically, economically, and culturally isolated north korea; in their eyes we are the enemy and they are the victims. What if this happens to Russia? I mean it obviously already did and has been the case even after the fall of ussr but not to the extent of North Korea. Sanctions are counter intuitive in a global scale, you isolate someone he groes more resentful and paranoid, you increase the chances of aggression and hostility. Where am I getting at? Simple, Sanctions do work on destroying an enemy's pride and will but not the hostility on which it harbours. More isolation= more paranoia. Russia has been isolated for more than 90 years now INCLUDING 1991-2021. They may have western products etc. But their society is still fundamentally integrated on historical paranoia and if we do not solve this issue it will make everything worse
True. The more you isolate a country the more you make bigger problems in the future. Sanctions may work for a short time but will make the sanctioneers pay dearly in the future.
Moreover, now that the west bans rich Russian millionaires, you gonna get a situation like China: the rich stops investing in foreign assets and focuses more on internal welfare. Better yet, EU is accelerating the process of making Ukraine a member so you bet your ass that the normal Russian people are changing their views on this war.
This is 100% true, as an Iraqi who grew up with severe US sanctions, I've seen firsthand how most people just hated the world for isolating us instead of hating the government...also, the fact we got invaded after years of sanctions really shows how well that worked!
Now the number of patriotic people is growing. So the sanctions do exactly the opposite. You can look at the formation of Nazism in Germany and what was the reason for its formation. I hope this will not happen in my country.
and remember, all this Gas , Coal, metals, etcétera, that will be rejected by Europe, will be Welcome in Asiatic Markets, India, Japan, Pakistan, and of course, the big one : China. men, even by 2023, Japan and South Korea will forget the sanctions, and start to celebrate the party of cheap oil, sponsored by European Sanctions. (europe, a guy who shots on his own foot)
In video all is right, but unlike EU, US actually sis one thing and does the opposite. F.e. Us has increased their import of oil from Russia 1,5 times. And also has excluded Russian fertilizers from their sanctions list. So EU is suffering but Us is still importing things that are important for them and keep paying Russia (while claiming they are all that unyielding)
I am a historian and I worked for DoD in 1990 when Saddam invaded Kuwait. We were asked if there were any examples, historically, of sanctions working. The only example we could come up with were the sanctions levied against Rhodesia when it was White ruled. That, of course, wasn't one involving invasion. I pointed out, as did others, that the most (relatively speaking) crippling sanctions ever levelled against an invading power were those levelled against Japan by the US ... in the years before Pearl Harbor! I'm not arguing that we shouldn't be levying sanctions against Russia. But, looking at the historical record, I'm hard pressed to come up with an example of sanctions working. NB! Russia is still holding Crimea. Cuba is still Communist. Kims still control North Korea. And the Mullahs still rule Iran.
As to alternatives, as I said in my original comment I'm not against sanctions. You have to do something. My point, as a historian, is that they rarely if ever work. And that seems to be what's going on here. Sanctions did not cause Putin to drop his invasion plans. Ordinary Russians will suffer, but, so too did German civilians as their cities were levelled in 1942-1945. But Hitler remained in power until the Allies overran the country. Same was true for Japan. Sanctions hurt the Iraqis, but failed to topple Saddam. Sanctions are one of the few available options, but I think we need to be honest about what, exactly, they're likely to achieve. And, of course, countries continue to buy Russia's oil and gas at now higher prices.
Nice brief on Sanctions - inline with current geo-political tensions. But the fact remains, Sanctions do not always work the way they are intended too. I mean if West is so much worried about Ukraine and it's people, then show your support by actually not buying or importing goods and services - especially oil, gas, etc - from Russia with immediate effect. Can they do it? Nope, they cannot as they have their vested interests in the situation. Imagine Germany stopping gas import from Russia with immediate effect - common German people will go berserk and can bring down government overnight. Sanctions are meaningless bitter sweetners imposed to affect common people of either sides by so called global powers. Ridiculous!!
even without the oil and gas embargo the sanctions have already destroyed the Russian economy, plus it's just a matter of time when Russian gas n oil will be banned as well and most Germans will be fine with paying a little bit more for gas to not fund the war 🙄
They are Empire of Lies, dude.. They only care for Ukraine for lips service.. I'm very certain that they wont include Ukraine into NATO, especially after this war devastated their economy.. Even if they did, it's gonna be more chaos for EU to accept a war-torn economy, and if they think Hungary's corrupt, wait until they see Ukraine's corruption..
Can you do a video on India's neutrality? And also that even though india is not buying as much oil as Europeans everyone keeps bashing us. Us just started buying fertilizer for them but if we buy we are anti Ukranian. Why such hypocrisy
Well they have to blame someone and take the attention away from them buying billions worth of energy from Russia. India is tolerant and peaceful so obviously they will target India.
Decades of sanction on my country (iran) has had only one single effect : Suffering (economically) of the middle and lower classes of society I think russia is bound to the same thing To higher classes of iranian society it has had negligible effect so far Me personally (im a doctor of medicine so i dont mind little rises in prices) all of this has only fueled my patriotism Persia and no other (western imperialists) shall dominate the middle east forever
So one important thing that I think you are forgetting in regards to the effectiveness of sanctions is that even if they don't cause regime change, they can dramatically harm a country's ability to both fight with the army they have and reconstitute destroyed units. Examples of this can be seen a few times in history, arguably the most famous one would be the US oil embargo on Japan prior to Pearl Harbor.
@@19ars92 "Oil embargo on Japan its not exactly a neutral position in a world war" Nobody said it was. Ultimately, Japan got completely and utterly destroyed (and subsequently rebuilt in America's image), and the US rose as a world hegemon - and sanctions were one of the tools of the war used by the US to achieve those goals.
@@roadent217 Japan rebuilt in America's image ??? Japan barely has anything to do with America other than having a similiar economic model... that's it.
The European Union is rightfully sanctioning Russia for its invasion of Ukraine. But might I ask why the moral case for sanctioning the USA for the firebombing of innocent children in Fallujah and contributing to the death of >1M people in Iraq is any less compelling?
The actual course does not matter anymore, as it is iliquid. Shops are empty, you cannot buy other currency with it, stock exchange is closed. Even if it was 100x stronger than dollar, you cannot buy a dollar with it, so what is the point.
I am Lithuanian, my country has suffered tremendously from Russia. The answer to your question, would the sanctions make Putin change his mind about the war, is no. This dictator will do anything to get what he wants, he doesn't care about his people and their lives.
Globalization has a great cost, if your country or my country in the future has a national interest that against the rest of the world (USA, Europe or China alliance) maybe we will get similar economic sanction like Russia now. So start to think our country, dependency to another. Russian did very wrong with invading Ukraine but also why when USA invade Afganistan, Iraq, Panama no one give them sanction? It's totally disappointing dude. We need fair and balance relation.
Well, there is another point to that. The entire world can't just watch and do nothing while Russia invades Ukraine. Ignoring that would mean that they are ok with that, so sanctions are the only measure that they have. Also, ordinary people's suffer could potentially pressure the government
I feel like there was a lot of time spent on the details of the sanctions in this video, but very little on how it can stall the Russian economy and ultimately their ability to wage war (and also the power dynamic between Putin and the oligarchy). I've liked a lot of Harris' stuff on the conflict so far, but this feels tonally different. I hope it reached the audience he was shooting for, though.
Fully agree. I liked his videos but this seemed very poorly researched or constructed and more towards pushing an idea instead of informing people. I am very confused.
he doesn't know that's why, no one know, he said: "they hope sanctions will work, but they are not sure". How can he say what effect will have if no one knows @_@. If he had the answer i'd be super impressed.
As a note, China isn't an ally of Russia, they're (officially) neutral and it's not fair to say that they're helping Russia by not sanctioning them when 85% of the world aren't sanctioning Russia either
My problem with this video is that, almost half way through the video I can't tell if he is joking. It's absurd to believe that companies of Luxury goods, MacDonald, Apple, Ikea, Spotify, Snapchat, Airbnb, Slack, etc. leaving Russia will have any real economic consequences. These companies just willingly gave out their market share to Chinese equivalent companies which can easily fill these holes. Banning Russia from SWIFT is meant to cause massive devaluation of Ruble and the collapse of Russian economy, but as of today Russian economy is still standing, and Rubles has recovered to its before-war value. It's not a question whether these sanctions will work against Putin - they have already failed.
I think that another role of sanctions is psychological support for Ukraine and Ukrainians who are fighting. If NATO can not and does not send troops and would not impose sanctions, what other ways are there to say "hey, NO-NO on invading your neighbor!" and to say "Ukraine - we are with you!"? But for the sanctions to work, they must hit what's most important - oil and gas export to EU. I am not an expert, but it seems that RU has not developed any other important form of export, because they can buy what they need from the oil and gas money --> other kind of export sanctions do not really bother Russia or oligarch russians enough
Well North-Korea famously turned democratic, Sudan stopped any funky stuff, Iran stopped their nuclear program, Russia returned Crimea and Japan did not attack any Pearl Harbors whatsoever. So with all those great examples in mind, I think sanctions are really gonna work!
Just WOW Johnny! I don’t need to think twice now before subscribing your channel. Amazing stuff and you nailed it! You know your A game. Very informative.
The use of Sanctions date back to the League of Nations. Lot of debates regarding their effectiveness and efficiency has been ongoing since day one. A great read is The Economic Weapon: The Rise of Sanctions as a Tool of Modern War by Nicholas Mulder
As a Russian - I can say that common man has no chance to influence Putin's mind and sanctions make them hate not Putin, but companies that put those sanctions in place. Because things like Netflix, video game publishers pulling out and such non critical services via internet don't hurt elite in any way or form, only the common citizen. Actions of these companies look like a trend for karma, rather than a rational attempt at stopping the conflict.
there's something to be said for unhappy citizens -> overthrow government, even for place like russia. idk how much it takes, but they're economy crashing surely is a good one
@@homeyworkey You get arrested for staying with a blank piece of paper here. Morale is non-existent. There won't be an event like breach of Capitole in USA. And, like I said before - sanctions don't make citizens hate Putin, they just make people more depressed about the future. There are protests, but they are quickly rounded up, jailed and fined. Not the best prospect.
@@KanaevM a victim of sanction here. The funny part is They do sanctions the military junta, so prices are high in my country, meanwhile they (democracy and authoritarian countries) are paying junta for oil and gas, and selling them weapons. don't know what are they doing. But I don't know which is better than sanction. So we are asking more effective sanctions, not double standards sanctions to the so-called democracy countries.
@@homeyworkey except it's russia not the US or the UK where there is a democratic government if you go out to protest you will be shot dead or get disappeared a common man would rather not use netflix or not play cyberpunk 2077 than get shot or sent to prison.
@@homeyworkey Easy to say overthrow governments. Thought about consequences of power vacuum during economic crisis? Want to create another Arab Springs in Europe?
Sanctions are effective if you want to cripple an economy and the people residing in the country, however if you really want any country to stop their actions you must first convince their own people
The only way to stop the russia ukraine war fast... is stop sending ukraine weapons. The more weapons Ukraine get. The longer the war will drag on... If the nato and usa did not send weapons to ukraine. I swear the war will be over within weeks Its easy as that~~~
@@ktttttt and increase their support towards Putin 🤣 "Putin popularity increase to 83% in March compared to 69% in January before invasion and sanction" 😂🤣😂🤣
I wish you went more in-depth regarding the outcome of the sanctions so far and talked more about how effective sanctions are in general throughout history. In February a team of academics published their findings regarding the use of sanctions and their effectiveness. Out of the 170 times sanctions were used they were successful around 30-35% of the time. The Week published the article. Anyone can read the studies findings. In my opinion sanctions tend to make things harder for the working class of people and not so much the rich and people in power.
You forgot to mention hundreds and thousands of exiles who left Russia on a level unseen since the revolution. Also, we have to remember that Lenin also planned all revolution in exile. So there is a hope that all these brains who left Russia might somehow figure out how to change everything to be able to get home and end this regime
I suppose one major intention is the preventative effect (deterrence). Society doesn't punish criminals because it will undo their crimes, but to prevent others from treading down the same path. And if it is "pointless" to sanction these regimes because they are hellbent in their ways, isn't it also pointless to punish hardcore criminals that don't care about the reprocussions?
It might be interesting to compare Russian sanctions with Iranian sanctions... Those were also very punishing and eventually lifted due to not striking the right balance of being effective and not hurting the poor.
I just want to point out that we do have one very long running example of how well economic sanctions work as deterrents or agents of social and political reform. Cuba has been under an almost complete economic embargo by the US since 1962. Let that date really sink in. The embargo is 60 years old. Cuba has been under an embargo for the past six decades. Has anything really changed? Is Cuba, or the rest of the world, for that matter, better off as a result? Imo anwser is a resounding no. The only people really affected, as John says, are Cubans, most of which have no say in political matters. Also, the recent UN meeting that evicted Russia from the human rights commission just dispelled any notion that the world except China is of the same mind when it comes to the Ukraine war. 93 countries voted yes, 58 abstained, 24 voted no. That's far from unanimous. And to top it off? It's not only Russia that suffers from this economic war. Forget oil and gas. Basic food prices have gone up 13% in less than two months. It's fine if you are a developed country and one of the 20 strongest economies. It's a different story if you are one of the poorest like Burundi, Somalia, or Haiti. People in those countries were dying of famine long before the Ukraine war. Now? Well, there is no way around it. More people will die out of hunger as a result.
Well said! Sri Lanka and Peru are two other countries going through political turmoil due to inflation. People can't afford to buy food anymore and the two countries are in an upheaval.
They worked in South Africa to end apartheid. Either way, I believe it is good for democracies to do less business with autocracies. It is good for democracies to become more self sufficient and not beholden to dictators.
@@ВтэкМасос Sorry , since you are russian your opinion doesn't matter for me and even for your government.You wrote such a big post means that sanctions really bothers you.
Sad fact: Sanctions has been on iran for 40 years... to the point that russians requested iranian specialists in dodging these sanctions and continuing with their economy.
Its spill blood or money. Sanctions are all we have and as long as it even eratates Russia , that's better than doing nothing. The west is a 36 trillion economy ,China and India are not covering Russia's loses. We waited them out in the last 45 year long cold war we can do it again.
That's true, but Russia is under even more severe sanctions, and Iran was sanctioned before the world was so interdependent. In addition, Russia is at war right now, which means they need that money, technologies, resources right away. All in all, sanctions on Russia will have heavier effect on their economy than Iran.
You forgot to mention the sanctions are already having holes:
-Russian oligarchs are buying passports from Malta to evade sanctions.
-Europe is buying oil and gas.
- Shell for example is making a "Latvian mix" so they can buy Russian oil.
Europe relies very heavily on Russian oil and gas, and turning that off instantly just isn't feasible, unless you want millions to be without heating or fuel or what have you. They're in the process of sanctioning Russian coal and they're making steps to wean off of Russian oil and gas.
Is it perfect? No lol
@@batfurs3001 I live in the forest, I use solar and wind energy.
@@houseplant1016 then go plant some trees or smthn
@@houseplant1016 that's great for you, but not at all feasible for all Europeans. Far from it. Cutting off Russian oil and gas in one fell swoop wouldn't just be inconvenient, it would be dangerous and it would seriously cripple Europe as a whole.
Malta stopped selling passports to Russians
Johnny is a great reporter because he also wants to teach his viewers about the news, not just simply passing on the information
Except he conveniently skipped the part where Europe still imports natural gas and oil.
Johnny gave a grand narrative view, but left out 80% of the loopholes & issues, beyond the slowness of changing Russia's political will for war.
You might say that's the journalist's job, but I don't agree.
If I want bad, short info, I watch legacy media.
I want good, long, complex explorations of real-life complex issues, I go to RUclips.
This video & a lot of Johnny's latest videos aren't cutting it.
He doesn't couch his words regarding how much he doesn't know/ isn't saying in his short-term reporting regarding the full complexity of it all.
Bad journalism.
Johnny is a biased reporter who rarely seeks opposite opinions so we can make up our own mind. He's no better than regular media pushing their own propaganda, the only difference is maps
@@NotEvenDeathCanSaveU I wouldn’t say propaganda but yea the way he is very biased to the west
@@newchoppak He did criticize America tho and on the video of Navalny he mentionned that he was racist,while other didn't
As an Iranian who lives with sanctions every day I can say that this is 100% true
Sanctions make average people poor
But rich people become more rich
Same thing happened here in Serbia in the 90s.
If Russians don't want sanctions then stop the war. To topple the top, we must strike the bottom. This is the only way US can support Ukraine massively without war.
Yeah. The middle class people always suffer more.
Sanctions don’t stop the CURRENT action but they deter future action. One these governments start something they won’t stop but they might never had started other bad deeds if not for the threats of sanctions. Had Rus known how far the Eu and US would go on sanctions, it’s very likely RUS would never had invaded UKR. They assumed the west wouldn’t put severe sanctions on them
@@Homer-OJ-Simpson That is simply not true. During the Milosevic regime in the early 90's, Yugoslavia fell under UN sanctions due to it's involvement in wars in Croatia and Bosnia. So when KLA separatists started attacking police stations in Kosovo in 1996, what does Milosevic do? Does he allow Kosovo to secede? No, he escalates that shit to the point where Yugoslavia was bombed by NATO in 1999.
I am from Russia and I want to say that all those companies that said that they left Russia did not actually leave, just changed their name and trade further.
As a russian citizen i confirm that sanctions makes life harder for common citizens like me. Rich folks still can travel and buy goods through china, india and brazil. So... yeah. It does not really affect upper class people. Also it does not really affect lives of poor russian people, because, u know, they didn't have access to all these cool stuff like spotify, netflix, iphones, etc. The ones who actually struggle are middle class citizens who are educated enough to write comments in english.
on point!
Watch ' The Jimmy Dore Show '
It's always the less privileged who suffer the most. Always. The owner of this simulation is a sadist!
@@lampsizgod
ruclips.net/video/Sm8QfxZ3HHw/видео.html
"it doesn't effect poor people"
As a Russian, I can say that there is only one mistake you’ve made
We still can use Visa and MasterCard in our country. 80% of Russian citizens don’t have international passports, so they don’t care that it doesn’t work outside of the country.
Edit: should I make a video about all the mistakes from this video? There are few more I have discovered today.
Btw, there are only 57 subscribers left to hit the amount of 4000 at my channel. Even though RUclips is demonetized in Russia, I still really would like to get this amount. And I am looking for an inspiration for creating something new.
Really
It still works _within_ Russia?
@@Thytos da
Russia developed an independent processing center and enforced all MC & visa transactions among Russian entities to be handled in it.
Not to say, we also have our own payment system MIR
I think I've found another mistake: have American Express ever worked in Russia?
For me (as a resident of Russia) it's so strange to see that someone doesn't know what "sanctions" are... After all, my fellow citizens and I hear this word so often that when someone introduces new sanctions, no one is surprised at all
That's because you've been brainwashed.
The problem is that in the U.S. news media, a lot of times the newsperson just says "The White House introduced new sanctions today" and then 100% does not go into any detail about what that actually means.
Ruble already fully recovered and it costs the same as it was before sanctions. Russia has it’s own payment system MIR and it has merged with China’s Union Pay, plus UAE, Turkey, Brazil, India and South America adopted that system to their markets. About 50% of all McDonald's, KFC, Burger King restaurants are still working.
For how long? Gold reserves won't last forever...and also, it puts Russia as dependent state mainly on China...and that is a suicide game. There is no love betwen super powers.
Greetings from Russia! I will tell you how to circumvent the sanctions and not lose anything from the company's withdrawal from the Russian market. We take McDonald's, sell all Russian catering outlets to a local billionaire, call the new restaurant chain "Вкусно и точка" (Delicious and point) without changing the menu and staff - profit. Is Apple gone? We take Kazakhstan, we establish parallel imports, we get the same iPhones - profit! Apply this scheme to any other company.
@@ВладФедоров-и4зне рассказывай им все секреты 😂😂😂
Just wanted to add one thing as Russian. We can still use our cards (Visa, Master Card), but they can’t be used abroad nor can we issue brand new cards
Yes. Right.
Also sanctions aren't working.
They're not visa and Mastercard anymore there. Putin has propped up the system... so he can continue to lie to you and tell you everything is fine when it totally isn't 🙄🤣
Are you for or against the war?
@@PM-gf1nj As a Russian, no one in their right mind supports it
It's worth pointing out that sanctions aren't new, we've been using them for a long long time. One of the reasons Japan attacked pearl harbor was because the US put oil sanctions on them, we've also been sending supplies to proxies since at least the first world war if not earlier
Before Sanctions there's so called Naval Blockade.
Yeah unlike today that Sanctions are only posted on papers. Naval Blockade is direct confrontational. You can blow up any Enemy flagships that sailed outside of its Territorial Waters. Or you can blow it up even the Ship is docking in its port.
@@spitzfire1107 in that same vein there's also "gun boat diplomacy" which is also something we still engage in, just in a slightly less aggressive manner
We also even all the way back to the age of sail, would blockade ports to stop the flow of goods. The British Empire did this all the time. Later on during the US civil war North blockaded the South to stop their cotton exportation and prevent import of anything useful effectively crippling them
@@danielsancarter that’s the opposite. It’s more like trade with us or else. *knock knock* “Its the United States”
I think he meant "new" relatively speaking. Very relatively lol
As you mentioned, Russia is not really isolated internationally or commercially. She is cut off from the luxury goods and technological products of the West. But they still have China, India, South Africa and Brazil (the BRICS), these countries alone represent 32% of international trade. For electronic chips, mainland China is the world's third largest producer (after Taiwan and South Korea). It should be remembered that these sanctions are not imposed within the framework of the UN (as was the case for Syria or Iraq) and therefore the countries of the world are not required to respect them (for example Mexico , Indonesia, Argentina will not apply the sanctions). As long as Westerners fail to convince the rest of the world to join them in their actions against Russia, Russians will find a replacement for Western goods.
Those countries can manufacture only low end stuff. And if they are caught they will face secondary sanctions... China is going to collapse soon so Russians has chosen the wrong side.
I think Germany is also natural gas
SANCTION THE HECK OUT OF CHINA!!!!
The real question is, can they implement replacements fast enough?
Sanctions have the disadvantage if they dont work, the country you sancioned just made itself independ from you economically and you lost that control.
Thats what happened with China. They just dont care about their Brutal Attacks, because they are more or less independent.
Even so, with all these middlemen taking a cut, the sanctions still increase prices.
This one aged badly.
I am an Iraqi, I know people from both countries and have been to both countries. This conflict hits close to home. The situation in Ukraine and Russia is tragic in every aspects. I do not wish and do not want war upon anyone or any country even the countries who did mine dirty. I can definitely relate to Ukrainians, I know what it's like to lose loved ones and your home because of a war that you simply sincerely wish never happened. However, I can also relate to Russia and the Russians too, Because when our innocent civilians were accused of wars they were completely against and didn’t even start to begin with. Plus the strict sanctions imposed against us, Which caused a horrible humanitarian crisis and a currency collapse and not last but not least, A nation suffering from extreme corruption and neighboring countries are so close, But yet feel so far away… Stay strong to both nations, best blessings and best wishes to you all that I know. what it's like to be in both end of the stick and situations and you absolutely wish they never happened. Both countries are suffering, I hope, by the will of God, This will be resolved as soon as possible. Despite all the unfortunate disasters that have occurred over which we also have absolutely no control over. We should always at least try to spread and preach peace among each other and stay strong. Hatred and vindictiveness when accusing the people of an entire nation that the actions of their politicians do not solve anything, Except cause new conflicts and even more unwanted fuel to the fire. I love and respect all countries and their people and hope a well being for all humanity peace from Iraq
It’s not your choice to have peace! It’s globalists mafia choice that want war!
Really? Russian citizens against the war? What percentage? 10? All others seem to be happily drinking Kremlin's stinking koolaid - look at Putin's polls! All global companies may be leaving - but Putin makes a large concert with his little doggy friends - actors like Mashkov etc - and rally the zombies to his support - and they blindly follow. WHEN WILL IT END?
some Russians are innocent, yes, and they are trying to escape from Russia now. But most of them support this war and Putin. So I don't have that much of empathy for them. This is very passive nation and egocentric too. They really believe that they are a good guys here.
Eh, thank you for such a sober recognition of the complexities of the situation on both sides, especially in Russia. It's so weird, that the world, especially the most economically successful regions of it don't understand, why those sanctions will never help to solve the situation or at least somehow affect that. I can't believe that they don't understand that with those sanctions these countries are just sponsoring the appearing of one more unhealthy, poor, disadvantaged and criminal region right on the side of Europe. That's weird.
Thank You, I appreciate you’re message and it’s very well written thank you again and really sorry for what happened to your people, Peace to you and your country. I find it amazing that people of Iraq are smart and mature enough to understand the difference between people and government and don’t hold grudges and hate they forgive even after everything they wrongly went through, Westerners should starting taking notes. Iraqis never forget and they have every right to never ever forget what happened I wouldn’t forget either if it happened to my country. Glad Iraq is making a comeback I’ve seen some vlogs of it and honestly it’s truly a beautiful country. I really hope Mesopotamia returns back to it’s glory days. It’s actually quite heartbreaking and sad Iraqis got the worst of both ends of the stick and frankly enough nothing was done. Nothing done against the illegal invasions and no sections were being held against the 40 countries that illegally invaded. Now sadly that being said, Nothing is stronger than the truth. The truth has been revealed and the whole world feels extreme guilt and are really sincerely sorry for what happened it. It should’ve never happened it was war against humanity. The whole world became unstable after that invasion not just the middle east.
This was not as in-depth as I'd hoped it would be... I would've liked to see more analysis on what the sanctions' impact has been so far, and mention of how oil and gas is still being bought by Europe and India.
Also US which ramped it up by 45%.
Just wait and see; when air travel stops within Russia. When Russians rise up because there isn't enough food that they can buy or they don't have money to buy them. They will not be able to replace the tanks and missiles that they are losing in Ukraine.
Have the sanctions worked on North Korea?
Irán?
Cuba?
Venezuela?
Nicaragua?
Those are countries in deep poverty, and how long have their governments (basically citizens) been hit with sanctions???
… there is your answer
Increased costs to normal people... Think that's all sanctions have done.
Z🇷🇺🇷🇺🇷🇺🇷🇺🇷🇺saction america for iraq and Afghanistan
Well, the last few sentences are basically the most important. They still have countries to trade with. They still can import stuff via third countries. They also make semi-legal agreements such as: Shell company has 50% russian oil and 50% from other sources, but when Shell trades it - it is not considered russian oil anymore. And that is a big issue.
Another important thing is - even though a lot of companies left russian market, they are is still in surplus. And the reason is simple - EU can't say no to russian gas, especially Germany. They closed all their nuclear power plants and decided to use "cheap" fossil fuels, and now russians are getting billions of dollars monthly for their gas. Which basically feeds a war machine. So the only sanctions which would have a real impact on their economy - are those which are about fossils.
Ronald Reagan proved that you can bankrupt the Russians in submission. However, it takes time. The tech bans have already limited Russia's ability to make key weapons and it is showing on the battlefield. Russia is now involved in a costly war that they thought would be over in a week. Regarding natural gas, Europe doesn't have to ban it completely, but just buy less (which will start happening this year). You will see the tipping point when Russia starts having flareups in Republics that they currently have under control. Personally, my BIGGEST issue with the West is that we aren't giving the Ukrainians the weapons they need (planes, tanks, artillery, missile def systems) that would allow them to DECISIVELY defeat the Russians.
I find it funny that in the last part, in order to reduce emissions, they close down all the most efficient and cleanest sources and burn more fossil fuels.
@@lapiswolf2780 Hi from Germany. We didn't close the nuclear power plants "in order to reduce emissions". The official reason is that Germany decided against nuclear because of how we assessed the risk : benefit ratio to be. If we had decided to let them all run longer and no accident would've happened we could've saved emissions, though there would've still been the question of a permanent repository for the waste that no one here wants "in their backyard". If an accident had happened it would've been an absolute disaster for our country and potentially large parts of central Europe. There are a lot of people, a lot of property and a ton of nuclear plants in the middle of Europe, many of them quite old. Disagree with the rational of the decision but this is what's going on here. Last plants in Germany shut down this year.
The Merkel era indeed has lead us deep into the russian fossil fuel industry and it was definitely also supported by the social democrats now providing the Chancellor in a coalition with Greens and free market liberals. Our new minister for economics and climate protection (Greens) has now put forth 600 pages of legal changes to boost the expansion of renewable energy and whether its enough or not, it's a tremendous something in this country after 16 years of conservative misrule, if I might say so. The will to get away asap from russian gas and oil is prevalent in government today. Habeck just disagrees with an instant embargo because he says it will lead to a deep recession and thus also slow down our transition towards a carbon neutral economy which is already heavily delayed again because of the lost (almost) two decades of conservative rule.
Disagree or not but that's the reasoning. Lastly, calling nuclear the most efficient and cleanest source seems to me to be quite an irrational thing to say. Where's your data to back up such a claim?
editing to add that a lot of material for nuclear power plants comes from at least the russian influence sphere if not Russia itself.
@@LarsRichterMedia I don't think you understand the risk of nuclear energy vs fossil fuels.This video might change your view on nuclear energy risk ruclips.net/video/Jzfpyo-q-RM/видео.html
If you don't watch it, its fine I will summarise the video 's points on nucleat energy 's risks
how can some one make good profits on NFT trade ?
i don really yet know much on nft but if you continue to follow Jonny Harris you will learn more for me i think working with a professional on trades is more good they dedicate more time to give you the best
yes I strongly advise you against self trading, it's really dangerous and had brought so many investors down, you need someone with the knowledge and strategies, someone dedicated to the crypto currency market business, and am surprised because i trade with mrs Theresa alvarez she is a great dedicated trader
wow i have heard that name before now
well i trade with a different professional nut i heard that mrs theresa is top notch
Johnny Harris is the only person I know who strews about pieces of paper aesthetically. It’s basically a third character after Johnny himself and the Maps.
i haven't used the dictionary since 2015, thanks strew!
None of these would have happened if the US never illegally invaded Iraq and killed its civilians. This made Putin thinking he would do the same with Ukraine and get away with it!!
You gotta watch David Finchers early work if this really turns you on lol
Fun Fact 💢 More than Half of the World, the Global South, China and India, has not sanctioned Russia, and did not gave in to the Western Propoganda of War, for them there is no difference between the US Invasion of Iraq or Vietnam and Russian Invasion of Ukraine. This is basically a War between Russia and US and its Allies on the Ukrainian land using Ukraine.
Self-reliance. Sanctions forces countries like Russia tobe self reliant. Like Ambassador Matlock said, who served during the cold war, "Do not underestimate the technological might of the Russians".
Its a blessing in disguise for Russia, as it will force it to be self reliant and if it needs anything will force it in the arms of China, where China will have upper hand. As Mackinder said according to the Heartland and Rimland theory, it Russia 🇷🇺 and China 🇨🇳 come together that will be The End of Western Hegemony.
Those are the most hipster paper clips I have ever seen.
I would consider sanctions as a modernization of the embargoes that have been used for centuries that are just more targeted and harder to evade
Another one of Johnny's videos I thought there's no point watching.
By the sensational name of the video it looks like Johnny is a victim of propaganda......
So much for his respect as independent journalist.
If you want to see the aftermath of the event taking place in Ukraine.
This is a good channel to watch.
Ps I'm neutral in this war both sides have done wrong....
ruclips.net/video/lRtLFT2sbBg/видео.html
Probably the rest of the world is already sick of us and Europe non stop sanctions and looking for exit to not be relaying on dollar and euro that much.
@@Champ092 Any country can choose to not use the dollar any time. The issue is not some US world order, the issue is macroeconomics. These countries are economically much better off having the ability to trade in dollars
This doesn't make it forced or something
@@Champ092 listen to what User said
The dollar is literally one of the safest and valuable currencies that every economy cannot simply stop to use for their own economic gain
@@ceddricc5909 Both you and @User know nothing about the matter.
"Any country can choose to not use the dollar any time. These countries are economically much better off having the ability to trade in dollars"
"The dollar is literally one of the safest and valuable currencies that every economy cannot simply stop to use for their own economic gain"
The major reason countries use US dollar is to buy mostly oil and other resources (like cocoa, ore) on the differents markets that are sold in dollar. The dollar would get stronger just by the fact that people would buy some goods that would have nothing to do with the US to begin with. But because the said good is sold on a global market in dollar, the US just benefits from the world's commerce, for no reason whatsoever... This is evil hegemony.
Thanks to the sanctions, Russia is cutting off financial ties with the west and building a new multipolar system gathering several currencies. This is the way to go. The US and their monopoly over the world's economics with the dollar can go to hell. We are different people on this earth, with different currencies. Let's let them all have their word to say and live together, and not one ruling over the others...
USA still buys oil and fertilizer from Russia. They did this just last week. What sanctions ?
People only listen what leader said, but not many know what they act
and Ruble returning to pre-war price.
@@TheOmokage on paper
@blindmiror putinov bot lmao no it won't
@blindmiror putinov bot i love Russia URRRRRRRA 💪🇷🇺
What a great job you have done with this. I am perplexed about connections you haven't made yet, if it is intentional or just hasn't sparked any additional thought. Not a big deal considering the sheer amount of work and dedication you continue to do so well! THANK YOU! I APPRECIATE YOU GREATLY!
I disagree with the premise that sanctions are a punishment intended to undermine the Russian regime- if that was the case, it was only secondary. Rather, it is foremost a _military tactic_ intended to undermine Russia's ability to collect the resources necessary to continue the war, from cash to microchips.
Sanctions don't work. They disproportionately effect the working class and rich people find ways around them. And the fact that America is dictating the morality of war is almost too hypocritical for belief.
Imagine if Russia put sanctions on America for the illegal war in Iraq. Imagine if your bank account was shut off because of something George Bush did?
This video is just NATO propaganda coming from a man who's sponsored by the WEF. Johnny is a tool brought to us by the same people behind The Great Resest.
true
Exactly. Also I don't believe the aim is to change Putin's mind...but take out Putin from his place. Which is becoming a bigger and bigger possibility since there's been a lot of unrest among FSB (like their CIA), the rich guys that can't get their money and now "have to live with 3000€ a month and can't pay their chauffeurs" and even the countless military officials he has been moving out any time they tell him he is being stubborn.
The Russian military DOES NOT DEPEND on external supplies. It relies entirely on internal production, so that if anything happens, no one can put pressure on you. This is a key requirement for the military-industrial complex.
@@oscarfisher1890 I would disagree but the fact that they have been running through Ukraine lacking GPS and NODs seems to imply that is the case. Although I can see why they wouldn't use GPS but they did setup GLONASS so I don't know why they don't have those
I am Russian. I really hope this meaningless war will stop soon, but now hope is not so strong. Big thanx to Johny for uncovering Russian and Ukrainian situation for english speaking audience. I myself is 1/4 ukrainian by my grandpa and I have relatives in Ukraine, I still cant fully realize that this Putin's shit move been going on for a month now. Every colleague and a friend of mine wants this war to be stopped! People here are nervous about sanctions, I will surely suffer from them in near future because we wont have any resources to upgrade tech in a studio that I work in. This will surely affect many people around here, prices are rising massively from food to hardware and transport.
I personally saw many people from Ukraine wondering why russians who dont support war don't go to a street protests. There are many reasons like constant arrests even on a Single-person pickets which are prtotected by the Constitution of the Russian Federation but policeman or judje will care about that. You can immagine what happens on a few people protest.
Even I was arrested at the end of february because of particapation in such protest, fortunately i didn't recieve any criminal case records or fines at the time. Right now if you get caught on any anti-war actions such as peaceful street protest or single-person picket you will be put in custody for several days and will have high chanse on getting a criminal record. For any other actions such as distributiing flyers, painting anti-war signs on a wall or even gifting ironic stikers to people, can lead you to a massive fines or again custody. Government is not representative of it's people, people are hostages of such government.
I wish everyone a peacefull sky. Stop this war
Thaks again Johny, your work is relly important
But majority of Russians support Putin, dont they? So...
do you live in the city? what is the overall public opinion in the country side?
strangely my bulgarian friends have completely bought into the propaganda from russian media. it is very bizarre to watch what they share and text about on social media these days
@@2ksinnercircleeurope681 I'm studying now in Moscow and I could say that most of Russian believe this war is needed although war is bad. The against one mostly are the youngsters who just care about stuffs from the West and have limitation in the view of big picture. Now, price tag might higher than before the war about 10% for essential stuffs like food but I think it is still in range of Russian people. The sanctions you might feel bad as what he said but in fact, it is not. All the sanctions the EU and America doing now just like shoot at themself when gas and food products are getting higher and they are the ones hurting most, not the Russian. It is really funny to watch how seriously he was in the video, but he like know nothing ))) and spoke something, I think everyone has already known.
@@leonardohoang2434 okay. but what is the big picture, if you are russian? i try to read and get my news from many different countries. my own country is not bad, but it can turn a little one-sided at times. so news from middle east, asia, scandinavia, germany, england, us, uk is my way of triangulating things. and google translate, but i dont know so much about russia.
do tell. we might not agree. but i want to hear your version
@@2ksinnercircleeurope681 Ukraine is bad as Russia which have been seen upto now
I've been your big fan for years, and thanks again for not blaming ordinary Russians for this war. Many of us wish this war never happened.
It’s tough for ordinary Russians who oppose Putin. Here I can insult Boris Johnson, protest in front of Parliament, and put him under political pressure and remove him from office. In Russia, we are told you cannot take action against Putin, all his rivals end up dead, poisoned or in jail. I wish you well and a hopefully you guys can get a new, improved and democratic Russia.
Да простят нас наши англоговорящие друзья, но я отвечу на русском. Он в видео и поясняет, что санкциями должно оказаться давление на элиты и на людей. То есть это должно выглядеть так, что ты увидел закрытие netflix и пошел свергать путина с поста. Конкретной фразы про вину россиян я в видео не помню(возможно пропустил), но сложно отрицать, что значительная часть населения РФ поддерживает действия на Украине. Надо будет перевести это потом на английский
That would be preferable to hole that's in your head.
NATO is a DEFENSIVE alliance. It was expanding to prevent full scale invasions of sovereign nations. They just didn't get to Ukraine in time. Putin is the bad guy, there is zero debate about that.
@Xam deKiller Goofy clown right here. Invading your neighbors does not make you tough. Bullying a smaller country makes you weak. Like baby cat.
We all hope the world can work towards deposing Putin and installing a stable democracy free from tyranny. Ultimately though young Russians have to do this.
I don't understand how sanctions even have any effect on a country, especially since EU members that are supposedly imposing these sanctions, have given Russia 38 billion dollars for fossil fuels since they declared this war. If this can be explained to me, I would appreciate it.
The main thing is that Russia can't pay national/government debts with dollars or euros because it's foreign exchange and gold reserves are being frozen. Which is a technical default of the country. Regarding industrial sanctions, to put it simply, Russia doesn't have an ability to produce high tech products without importing foreign tech and parts like semiconductors, microchips, machinery, etc. Including of course military technology and machines. Russia can't even plant food because 70-80% of the ceeds is also imported. The same goes for basically everything - from pet food to cars and medicines. So even if Russian government receives payments for gas and oil, this money can't be spent on goods and tech from the countries who support sanctions. And a lot of these supplies can't be replaced with Chinese or Indian export.
Yeah because we can't live without Russian oil. If Putin doesn't deliver oil anymore, Europe will go down very hard and they will have very very very big problems.
Sanctions are essentially what you would call a pay cut. For example an employer could cut your hours, that would cut your pay, and that would reduce the amount of money you could spend buying weapons to kill Ukrainian's
@@KamaelFeo , about seeds. Russia stopped exporting wheat and other plant products to have their own seeds and don't stop production. So now they have seeds.
And another. No tech - no gas, oil, fertilizers (25% of all in the world), titanium, pure neon (60% of all in the world. Produced in russia controled Ukraine territories as by-product of russian steel manufactory) and around several tens of other strategic goods.
Also russian military sector is full autonomic, they are producing their own semiconductors and electronics for military (only around 20% imported in 2021. 2/3 of import from China). They can't produce electronic for citizens but can for army.
@@ashnazgthrakatuluk4755 apparently you have no clue how production of this level, and economics in general, works. Hope Johnny will make a video on that.
Also, funny stuff about autonomous military sector, please share your sources. I don't think I've ever seen a military factory or a plant where everything, from the building itself to heavy machines and factory machines and tools, is made without using imported parts and mechanisms. And I've been to a few factories like that, and I've heard how Iskander-M complex was designed and built from my university professors who actually designed it. And how is that even would be possible with the 65nm microchips?
Russian economy is collapsing because it can't properly function without imported stuff. No metals and minerals too, because they're mined with imported heavy machines, and they're not Chinese.
you missed a huge chunk of information, the "rest of the world" i.e non western countries are not sanctioning Russia so they are able to do business with many countries, these are countries that are the backbone of western economy too hence why a huge recovery in the Russian currency.
Not to mention that the countries that imposed sanctions are not even 25% of all countries in the world
Huge recovery my ass, they're burning their citizens foreign currency and hoping the west will bite the gas bluff before they completely ran out of foreign money. 😂
The reason the Russia currency has recovered is for two reasons. First, their central bank implemented a MASSIVE interest rate hike of over 10%. Second, they have implemented strict currency controls. The result of this will be a massive economic contraction in Russia far beyond what any of us in the West have ever experienced. Sanctions work, but they take time. The most important ones are related to the tech bans that have shut down the productions of precision guided weapons, tanks and jets in Russia. Russia, isn't very good at producing many things on their own. Regarding China, they will be able to help Russia to an extend, BUT they are the very worst partners. China cares about one thing: China. They will screw over the Russians dearly and try to make them subservient to China. On top of ALL of this, Russia is already sitting on a demographic time bomb that is going hurt their economy longer term. This, plus the massive brain drain Russia has experienced has set in motion the eventually collapse of the Russia "Federation".
@@ChiefsFanInSC You think you are the only countries producing chips and electronics?
@@Sword_Master149 He's not wrong. 100% of the most modern military technologies Russia owns, are developed by western countries, like Sweden and the US.
Making yourself a pariah to the western world is about the worst thing you can do for your national economy and development, which is why even China is afraid to take a firm and clear stance with Russia. I'm sure India, Russia and China could have a lot of fun together... but you would quickly fall even further behind without the West.
The sad thing is that the US does not receive sanctions even in unjustified wars like it was in Iraq. Because of the strength of the dollar
Iraq was justified
Saddam makes Human rights violation to the Kurdish people
@@death5913 Special operation in Ukraine is justified
@@death5913 No it was not
@@death5913 big take there bud
I’ve never been this early.
same
same
Same!
I hear you
Hah me too
Great video. Wish it was longer and covered more.
I kind of wish you'd gone even deeper into this, including things like how sanctions also hurt the counties that impose them, and how short term and long term sanctions are different (eg. how long term sanctions impede technological innovations and reduce the money available for building up the military/nuclear armaments/intercontinental ballistic missiles)
Indeed, i miss a thought about the aftershock of the freezing of a central bank's reserves. Let's be honest, only a minority of countries are democrazies and allies to the US. A lot of countries use the dollar for trading and as a reserve but are somewhat shady. What are the outlooks of an undermined dollar in terms of a save haven?
That's why India and China wants to be self reliant in everything. Sanctions are double edge swords that more or less hurts both parties. Sanctions against Russia are more like special economic measures to make them more self dependent lol. Its mostly west and their close allies that are sanctioning Russia while India and China both being major upcoming Superpowers with each having larger population than entire West refuse to condemn Russia. They're rather being opportunistic and seeking self interest by offering Russia alternatives to west and buying their discounted oil and shit. So western sanctions wont make as big of a difference on Russia. Btw US' architect of sanction agaisnt Russia is an Indian american while fraction of Biden adminstration is pawn of China. Its funny how west is infiltrated by rest in their every sphere and sector, being ripped off from inside out as west slowly kills itself and you people cant do shit about it. Western hegemony days are numbered! World sees west with cynicism no matter what. Also world dont rely or revolves around west anymore you're just small part of it! You cant go around lecturing or interfering in rest of the world. Powers like China and India mind their own business unless it directly concerns them instead of trying to police the world like US who cant even properly police itself at home lmao. Centre of world power, population and economics will shift to East! China, India(biggest populations) & Russia(biggest size) will decide future of world order and world will follow their lead, values and system to develop like them instead of ending up being big mess like west with their so called liberal dEmoCracY. Rest of world adopted whatever worked best for them from west with some Westernization but future is of Easternization. Emerging economies in Africa that are booming in population with so much room for economic growth are already leaning towards east specially China for investment and growth. Asia and Africa by end of this century will account for 85% of world population and 3/4 of global economy! Even West will be taken over by them which can potentially result in its collapse and its not far off, in just couple decades 2040-50(century after WWII) US wont be biggest economy or even a white european majority nation while Asians and Africans already dominate most narratives and spheres in US with strong sense of identity, unity, dignity and pride which white americans lack. Europe is heading in same direction. This all may cause us to witness impending WWIII, white western world will fight for survival while rest of world will fight to make its place in changing world order. And Penguins from Antarctica will finally have chance to rule the world. GG ☠️
I went bit too far lol!
That and they plain don’t work.
Yeah I think he really should have just stuck with "What are Sanctions?" The "Will They Work?" was terribly underpresented to the point of being disingenuous and irresponsible
the sanctions are hurting third party countries too that weren't involved either
Hey Johnny, great video one point of contention that’s really interesting is Russia has developed and continued to build out their own payment system since 2014 when crimea sanctions happened so many Russians have credit cards on Russia’s payment system rails instead of visa, MasterCard, and Amex. It’s actually quite interesting how these type of sanctions drove Russia to be more independent and how moves like this will drive other countries to localize their payment systems/operations to prevent sanctions from hurting them in the future
ruclips.net/video/Sm8QfxZ3HHw/видео.html
Stop supporting Russian aggression towards Ukraine
If your country is not abusing anybody there's no reason to be afraid of sanctions
@@badasslifestylee slava russia
Всё нормально с банками в России🇷🇺. Не дождетесь 😂
As much as I appreciate the immense amount of research put into this video, there's some things I'd like to point out: Russia is not at all isolated from the global economy. BRICS (Brazil-Russia-India-China-South Africa) continues to strengthen and its the group of emerging economies, pretty much the economic giants of the next decade. Also, the Ruble may have crashed but the Russian Central Bank has been almost somewhat backing it with gold, thus making the Ruble a really trusted currency. Thanks to the EU mostly, Russia's currency has come to pre-war levels due to increasing oil and gas revenues. Russia's even allowing piracy in the country to create "Russian versions" of McDonalds and others. Dubai and Turkey are now becoming new havens for Russian oligarchs. Wanted to point these facts out to ensure that people have a whole understanding of what exactly is happening with the Russian economy.
Is there any good RUclips video on this? 😊
What about the normal people that work in Russia and are suffering now? If I was a Russian I would be hell a mad right now and leave the country whenever possible... Ofc the Oligarchs can go to Dubai or Turkey but the normal citizens cannot and are suffering the most.
@@jonkadler8333 That's the unfortunate part about sanctions. Iraq was another country massively devastated by sanctions. However from what I'm seeing, Russians aren't acting against Putin much, they're actually more hostile towards the West now.
@@spiritualmeli5014 There are some videos by Richard Medhurst, a journalist who's covered this and the Middle Eastern conflicts in detail. Would recommend watching his videos if you're looking for information that doesn't go with the mainstream narrative
@@aryanghosh5578 This is because you can't act against Putin it's treated as treachery if you doubt Putin in anything he does, so the people simply cannot. I'm guessing many Russians despise what he is doing currently but they cannot express themselves.
Johnny, I cannot underestimate the research that you've done here. You're an amazing (I hate the word journalist these days, but whatever) journalist for all the incredible work you've done over the years here on RUclips, but, unfortunately your question of "Sanctions Will they Work" is kinda rhetorical one, because the answer is a rhetorical one, too: NO, they Won't
Correction: Alot of the Western companies pulling out of Russia are not doing so due to sanctions. Sanctions are what the government mandates to cut off by law. So while some have left because the government has said they must, MOST leaving are NOT part of the sanctions - they are simply leaving of their own volition. There is a distinction.
Why the hell would they go against their business interest if they are not forced in some way?
@@ЙцукенПетрович because it’s not in their business interests to stay in russsia
@@ЙцукенПетрович It wont make them look good, so BlackRock and Vanguard wont invest in their companies anymore.
@@ЙцукенПетрович Putin's policies are forceful enough to convince them.
still sanctions are useless , and futile ways to take down a Ruler´s mind. Iran, Cuba, Myanmar , had been sanctioned over decades, and they never changed.
I will show you, the only thing that really helped the Ukrainian people against the agression. (is in spanish, but you will understand the images) this , is the only good help that was useful (and not the stupidity of sanction something differet every day) here you look : ruclips.net/video/bh7GOpXt4YA/видео.html
One thing you didn't mention (unless I missed it). Part of why seemingly random rich Russians are being sanctioned is to stop them from being used as funnels for other sanctioned people to channel money through.
@@WinstonSmithGPT Hmm. After Russia collapsed, it took a while but the west (mainly Europe) tried to work with Russia. Personally I think it was a good idea for Russia to keep America in particular out of control of their major state industries but the nation did fall into a managed oligarchy. Not being an economics expert I can't say whether or not there was a way to actually make that work, but it is clear that it did not.
Look at how Europe linked with Russia for its critical energy infrastructure. The EU tried, it really did.
The problem here is historical, ethnic and nationalist. And those are all issues from Russia's side. Historically, Putin wants to restore an empire. Ethnically, he expected Ukrainians to want the same. Nationalistically, there is an inlaid fear and derison of non-Rus.
Instead of working through those issues, Putin ran headlong into war to solve them on his terms. Maybe before the 2014 invasion of Crimea, the Russians had a point. But the 2022 war is all Russia.
@@GuzziHeroV50 nato and Ukraine caused this
I think there's one important aspect that went overlooked: both continuing war and replenishing advanced weaponary (like destroyed planes or spent rockets) is a huge economic undertaking and requires access to imported hi-tech electronics. With sanctions continuing the war gets harder, which is also important.
I was about to write something to this effect. It is a direct hit on the government’s finances and ability to fund their war machine, especially as they are taking such heavy losses in Ukraine.
Exactly, I’m pretty sure Russia’s biggest tank factory is grinding to a halt because sanctions targeted ball bearings which are essential in making armored vehicles. They’re taking losses they can’t replenish, especially the Russian Navy and the Black Sea Fleet, Russian Ships can’t enter the Black Sea to reinforce losses because Turkey closed the Bosporus and Russia has no means of building new ones with the sanctions its facing. The Black Sea which Russia has historically dominated is now keeping its own fleet bottled up with no hope of reinforcements to fill in any losses to provide amphibious assault capabilities
That's only assuming there's massive loss of equipment and no reserves which isn't being experience by Russia no matter how much the fake news mainstream media in the west would like you to believe. Russia used only a small fraction of it's forces and equipment in this war and out of that only about 10% of the capability was degraded since the start. It also produces nearly everything its military needs locally unlike the western powers. What you've just said is subconscious projection because it's actually the west that would be highly impacted due to the dependence on imported hi-tech electronics.
as if they dont have the materials for their industrialized war machine? Russia is not lacking on resource. One mining pit for iron ore in the south russia will easily supply their industry to create their machine, it even surplus which is abundantly exported.
@@Nafets-C Most modern military vehicles and equipment require micro chips. If Russia can readily make those then you have a point, but I guess they can have fun using soviet era technology while Ukraine receives the most high-tech weaponry from the west. The sanctions affect russia, there is no way around it. That is, I'm not even touching the fact that you believe iron alone can support a war machine.
Bit late but the sanctions never had a chance of working. The reason for the war remains unchanged Russia is backed into a corner and has very few options available as a country.
When fighting for survival as a country you can't care about the sanctions.
People who don't understand why Russia invaded will always think it was unprovoked or completely random. It wasn't.
Love your videos but for this one, I feel that it's lacking lots of other info. Russia's retaliation on the sanctions, the impact on neighbouring countries and the world and the relation with China & India.
And the hypocrisy of the west is whaat is lacking in this video the most.
@@jatinsoni1979
I love Johnny but misinformed videos like this try to persuade us from a different reality than what actually is, info like this it’s what you get on US national television.
Putin's war on Ukraine made Ukrainian people suffer, and now world's retaliation on Russia will make common Russian people suffer. Always the common people suffer in war. The rich & powerful get a way around it.
Sanctions don't work...
The only people sanctions actually hurt is the ordinary people of that country. The Leader or Dictators end up living normally. North Korea and Iran is the best example of this.
so what? North Korea and Iran are the good countries
If anything they benefit as citizens are relegated to only buy local
This may be true but forcing hardship onto ordinary people might piss them off enough to demand change from their government or change it themselves.
sure, but ordinary people elect their government and tolerate it. All power belongs to people
@@pastlesandfish well if you add in state media into the equation, it will tip the balance. Words can change your belief.
I'm glad I stumbled across your work. Thank you.
Johnny, I like your videos. But this one is misleading in a big way. Europe has exceptions for gas and oil, and this is a major issue. And they only recently put a proposal to sanction coal (Germany asked for an August 2022 deferral for them to take an effect) after Bucha war crimes.
The big issue is the gas and oil exemptions. If Europe does in fact put sanctions on gas and oil, situation might change, of course Europe has no alternative source for now and would go into recession. Hence this situation continues.
"Bucha war crimes" turned out to be Ukraine's PR operation, as investigations have only found a few people killed by shelling, which is nothing different from anywhere else during any war. And most of those people were in so-called "territorial defence" formations, what makes them legal combatant. So it is not a "war crime" in any case. Unlike eight years of Ukrainian neo-Nazis (yes, literal ones: with Nazi SS insignia) shelling purely civilian areas of Donetsk' outskirts.
Like most of the dialogue on sanctions that I'm seeing, this video overlooks the fact that sanctions don't have to change anyone's mind to work, they just have to make it difficult for Russia to sustain a costly invasion and occupation. No form or amount of external pressure is ever going to change Putin's mind but that doesn't matter if he is simply unable to pay his military commanders and supply his troops.
I would argue that Russia is easily able (regardless of what money it received at this curent timecfor it's commodities) to fund the military operation. Prayers for my brothers in Ukraine 🇺🇦 half Ukrainian here. 🙏
and I also agree, these sanction won’t affect the wealthy, they will out maneuver those lists while the Russian people who hold zero influence to their leader and the military will continue to suffer. We can draw up a list of many countries where these sanctions didn’t work, it just made things worse, and it only enraged the local population to hate the west more
@@JesseInisanastrology they did the same thing during the cold war and bankrupted themselves
A big part of it is crippling the Russian military industry. They are apparently quite reliant on Western components such as chips, so disrupting the supply while also supplying Ukraine with tools to destroy Russian military hardware could erode the ability of Russia to supply enough equipment to sustain the invasion.
@@bobsmith5714 you do know china makes these chips too right,
That's what happened when the world sanctioned Iran. It only made people suffer more, and the government is doing well enough.
Good, they should suffer.
i know it is, you have your country with sanctions, since 40 years ago, in Cuba we had been sanctioned since 1965.
If anything I feel like it makes the population more dependent on the government, and also makes them weaker against it, eventually helping the government persevere in the short-term. I'm not sure how it would work long-term, I guess it depends on state security which is why the govt is slowly trying to turn us into North Korea, starting with internet limitations.
It also works to ensure the new government wont be as powerful as the previous one, and make them more dependent to US
Two bird with one stone, y know?
@@haramtv174 the Media adoctrinate-us to protect against oustiders (the clasicals N.K. China, Russia, and even the poor immigrants) , but in reality, citizens must be protected from their own goverments.
As a person living in Russia, I can say that nothing has changed. It was easy to find a replacement for the departed companies, there is no shortage, and we lived as we live
Moreover, Russia can manipulate the dollar more effectively than the US ruble
Yeah right,replaced McDonalds whit «вкусно и точка» for example 🤣🤣
The ruble literally crashed
@@Jumbo37279 nope. But some Russians want ruble will fall again to sell these useless dollars they bought at the start when Biden promised 200 rubles for dollar🙄
@@Jumbo37279 nah it kinda the same as in 2021
Also sanctions negatively affects countries like Yemen and Egypt who nearly depend on Russian and Ukrainian wheat exports.
I think an actual war between Russia and Ukraine might affect that more than sanctions, you know, because people are getting killed and all that
Yeah but the war would have disrupted the grain supply even without sanctions. On top of the simple problem of planting crops in a war zone, Russia is also blockading the Black Sea to Ukrainian shipments
Yuh stay strong EU, no gas, no wheat, no cooking oil, no electricity. After summer months EU will be beginning Russians for gas and oil. Sorry but they shoot themselves in the foot.
@@monaliza3334 False. There are other countries
Its spill blood or money.
Sanctions are all we have and as long as it even eratates Russia , that's better than doing nothing.
The west is a 36 trillion economy ,China and India are not covering Russia's loses.
We waited them out in the last 45 year long cold war we can do it again.
Regarding credit cards (Visa, Mastercard & maybe others + Paypal) my understanding is that russian citizens can still use them, for payments within the country, until they expire. But they can't use them outside / for international payments (ex: online).
Yes, that's correct. About expiration - some banks moved expiration dates to 2028, some removed expiration thing at all.
One of the key effects of the sanctions is crippling their military complex and their ability to produce more rockets, helicopters etc.
At first glance that looks like a problem but ..... That's never a problem. The last time i checked india is producing Sputnik covid serum for Russia and other pharmaceutical drugs .. i hope you understand what i am talking about.. China and India are Russia trade partners and they have a lot of joint ventures... Includes production of war machinery. In another news yesterday and today india tested a hell lot of missiles, Anti missiles and stuffs ,idk honestly what's going on between Russia and China but i guess things are pretty smooth... The most important thing is Russia have food...lots of food, fertilisers,oil and gas so that a good thing,the sanction did Russia good,their currency bounced back and is at its strongest.
Ohhh in the world of entertainment, there's a talk that Russia will replace Hollywood with Bollywood (indian film industry) and there are talks of using indian cars like TATA , MAHINDRA AND MAHINDRA,LAND ROVERS etc etc... Transactions will be Rouble to Rupee, i think China and Russia will have a even better trade because they are closer to each other geographically.
We all of Asian countries ie more than half of world population are with Russi expect for couple of puppet government.
@@thisnthat7760 What an Irony,India and China working togather!
@@thisnthat7760 "at its strongest"
Ah....no.
Amazing video with a clear understandings of sanctions. As a person that works in the financial industry (specifically crypto), sanctions go much deeper and causes a lot more stress and pain than imaginable. As an example if you have a similar name or entity that has ever been on a sanction list you are investigated before opening any bank accounts, credit cards, mortgages, etc. We are forced to constantly scan our database for possible matches on the ever changing sanction lists. Every day hundreds of people are denied services even in the US due to sanctions that have no correlation to them and absolutely no company will ever take the risk that you truly are that person.
I mean, the US embargoed Japan from receiving oil after its invasion of Manchuria in the late 1930s, so I wouldn't say that sanctions are new.
That’s really new compared to how long humans have been going to war. That’s what I was trying to say.
@@johnnyharris Oh I understand now. The economy hasn't truly been global until just this past century, and I'd imagine the Cold War would have made studying the effects of economic sanctions as an instrument of war difficult to measure.
@@johnnyharris i was wondering about your opinion on country like india who say they are neutral but still buying weapons From russia
Well the Japanese got the worst luck, after the US embargoed of oil and scrap metals. Japan were given a choice, attack north of Russia or attack oil rich country in Asia. What they didn't know is that, if they attack Russia, they stumble upon the largest deposit of oil that have not dug before and is far larger deposit than Asia itself. Sadly, history can't be change but if Japan attack Russia, US might not fight the Japanese as war of pacific did not exist.
Still, speculation if US joining the war is Europe might not change much as President Truman did make plans to join the war but much later on but without declare war on Japan.
@@SN-oo2fq India is just providing the stereotype true about a getting a good deal they know russia is weakened economically so they will take advantage for themselves
okay but those paper clips looked unnecessarily heavy
ok
Such an underrated guy, we are proud of you man
Nope he's not underrated man
@@Aditya.S1 overrated 😂
@@SKumarInTech Hey Indian brother, just because our country is taking a neutral stance on this war doesnt mean that we support Putin's war. It just means that we are dependent on Russia for weapons.
@@ninadganore The dependancy is not simple, its not like we are at Russia's mercy! America offered India in terms of Weaponry and India rejected saying they are not as Cheap as Russian Weapons. So this is business nothing else.
@@suhaschandan8029 I didnt say that we are at their mercy, i am only stating the reason why we can't strongly condemn the Russian invasion, and this silence should not be misconstrued as support for Putin.
After nearly 2 years of sanctions, I don't feel the economic influence. For me personally, brands who are still selling their goods under different names and at the same high prices, are not important. Convenience chain stores in every small town are full with fruit, vegetables, milk, meat, etc.
As a russian sitizen I can tell you how does it feel here in Russia. We really do feel significant inflation, especially for imported goods. Apple pay, Google pay and Samsung pay stopped working. As well as McDonald's, H&M, Netflix, etc. left our market.
But we do have local or other foreign alternatives here. For example, we have MIR pay, SBER pay and so on. Most of these things appeared in last year's. So it looks like our government was preparing for that.
By the way, the value of ruble now is even bigger than the day before the war started. That approves your statement that nobody knows, what effect will be reached after all of that sanction stuff.
P.S. One more interesting thing about psychological sanctions effect. Those people, who were not interested in politics or didn't support Putin are now supporting him. Not all of them, but a significant amount as I can gudge by my acquaintances.
They feel economical effect from suction, can't eat a cheeseburger despite they did nothing bad. And who did this to them? America did. That's what they think.
He has a bias
@@giovanniamadardjo247 Nah, the thing is somewhat legit.
It's a very odd situation. So, in Russia, very roughly, you can split people into two-three cathegories along their lifestyle and political views, which often align somewhat. Most intelligentsia doesn't like Putin, for example, and they happen to be the consumers of western goods. Most people who have been through Soviet Union and 90's don't care about politics, but they sometimes consume western stuff.
So, there was a big chunk of people who disliked Putin a lot based on corruption and so on, but had no power to do anything with it. And now they're getting punished for something they have never voted for, never considered a good thing and wanted people behind it gone behind bars for a decade. From my personal experience, they started hating western authorities along with Putin - they bought oil from him, which did little to benefit us (compare the money flowing in and our regional centers, it's where the corruption questions come from), but those money kept sponsoring the propaganda machine and """"law enforcement"""" riot squads.
So now, after they have been paying for a decade to an insane, paranoid dictator so he could make a machine that tortures and imprisons any opposition, and brainwashes the gullible, we have this tragedy. And they have the gall to be surprised. They weren't touching our oligarch's personal yachts and their wives\daughters' accounts after Crimea and """proxy""" war in Donbass. They kept buying oil even after absolute dogshit laws were passed and any reasonable opposition was either ousted, flat out murdered or jailed. Who is paying for this? Ukrainians with their blood, children and lives, and we with our futures and broken bones.
This effect is temporal and it is not very important if some Soviet drochers think America is being bad. What is really important what other people who were not interested in what is going on in Russian politics, will now be paying attention. It happened to me at least. I badly struggled because of sanctions 2014 and got interested why this has happened. It opened a pandora box of putin’s crimes that I was able to find information about online.
@@maryflint6206 Nah, I don't mean soviet-brained cretins - they are a lost cause, in my opinion, and they're going to die out\decrease in numbers sharply in 10-20 years. I mean people I know myself - relatively well-educated youth who hated and still hates Putin and his cronies already.
My two cents on sanctions as a Zimbabwean:
It's very unfair to a common person like me to be punished for something that our leaders did or have done but meanwhile they can easily get around them and open PayPal accounts or whatever
Agreed. It's all for show
If you think it’s unfair, then you and your friends should get together and change your government. By any means necessary.
Otherwise you’ve given your consent.
The US have been using this for decades and it never helps, the same people not only stays in power but they get stronger because by destroying the economy the only thing left is the government that gets much more powerful internally. While that the common people suffer all the burden.
Your country should suffer the consequences of bad leadership.
@@joshuaashley7874 who told you that we have that power? Fair democracy is not given to everyone freely and your privilege is showing
Johnny, thank you for keeping doing this and bringing attention to this war.
Just one thing, so far only 🇨🇦 and 🇺🇸 banned 🇷🇺OIL and GAS. in EU, only 🇱🇹,🇱🇻,🇪🇪 banned GAS as of today. Your visuals seemed to suggest otherwise.
Exactly he says “most of the world disagrees with Russia”
Yet most of the world have done nothing against Russia, only US satellites countries in the EU Canada and Japan.
@@19ars92 Quite many countries implemented sanctions, including 🇯🇵and 🇦🇺 but very few are backing out from oil and gas. To my knowledge, 🇯🇵 has no plans to withdraw either.
When will you start talking about the Azov Batallion who have been wreaking havoc in Ukraine since 2014? They've been killing thousands of civilians, including women and children but you decide to overlook that because they are fighting alongside the Ukranian Army.
I would like to offer my prespective as a regular russian on "will this work?" point.
I have always been against Putin, I was at several protests dedicated to this. I have friends and distant relatives in Ukraine. I do not want and will never understand this war. But I'm also existing in a society where there is a significant proportion of people, who have been propagandized for years for scenarios like this. My own parents partly support this bloodshed as "inevitable" in their opinion. Before the start of the war, I had many acquaintances who were not very interested in politics - "well, smart people will decide everything there, and it's my job to think for myself." Before the conflict in 2014, Ukrainians were generally treated well, as close people - both culturally and socially.
Since the beginning of the conflict, the propaganda wave was very strong and constant. It seemed that the internal problems of the country were trying to be silenced in this way, to divert people's attention. I could not even think then that this was preparation for the disaster that is now happening.
I can’t give you statistics, I don’t think that it will really be possible to get reliable numbers while the information war is going on - but I have met many people who believe that the conflict was started by the Ukrainian side, against the regions of the DPR and LPR (regions dominated by Russian-speaking people, a zone of direct influence from Russia). I cannot make precise statements about the instigator, as for me this is a conflict of interest between the two parties and it does not matter who started it. But this is a reference point for people who support the war - "we must protect the Russian-speaking people of Ukraine, prevent their government from oppressing this population.
Now put yourself in the place of a person who is firmly convinced that his country is helping a neighbor, and in response to this, other countries (which are repeatedly called ill-wishers by the government) impose sanctions that hit all spheres of life. This person is very unlikely to turn away from the government, but he will easily conclude that the "countries of the West" have simply found an excuse to do evil to him and his people once again. This belief is only reinforced by the general russophobia (somewhat justified, but no less painful and harmful) on the Internet and other media.
Before you start writing angry responses and telling me about all the horrors that the Russian army creates, no need. I see and understand all this. I see war crimes, I understand horrors. In the first weeks, I thought about ending myself because I was overwhelmed with emotions and a sense of hopelessness. I'm a little better now and I'm trying to think rationally. I am not the person I described above. But I meet more and more such people - because neutral people begin to feel pressure from european countries (sanctions, russophobia in the media, etc.) and begin to share the main agenda of the government more and more.
I do not know how true this statistic is, but it is partially confirmed by my personal experience - the rating of the president and the government as a whole is not falling, but even growing. People who are mired in poverty and do not receive independent information (Russia blocks media and Internet resources of this nature) will not think about overthrowing the government, they will try to survive. The only ones who can decide this without outside interference are Putin's close friends. But you can also find out how narrow and trusted the circle is. I doubt very much that among them there will be at least one person who will receive more from the death of Putin than from the fact that he continues to sit on the back of the Russian people. Or he is not afraid that he will be killed after the "leader".
The war of the government against any worthy opposition has been going on for a long time. I said all this so that you can realize that the sanctions will surely lead to the strengthening of the Iron Curtain and worsening the lives of ordinary Russians, but Putin, unfortunately, will not leave so easily.And even his death does not guarantee that a new convenient thug will not sit in his place.
I do not think that sanctions will help save Ukrainians from this tragedy, which is a paramount task. But this is just my opinion. If you do not agree with me, we will be able to draw conclusions only after a while, after which it may become worse for everyone. I wish for Ukraine - a peaceful sky. You don't deserve this horror. You deserve peace and happiness, as I hope we can one day deserve it too.
I feel pretty the same…
Дружище, я понимаю любое проявление пацифизма и сочувствую людям, втянутым в мясорубку. Но нужно понимать, что во всем этом нет ни одной "правой" стороны. Трагедия в том, что в этот раз мясорубка коснулась нашей личной жизни, а не "каких то там" иракцев или африканцев. Никогда не было мира и не существует никакого зла. Есть только ресурсы и объединения людей, которые эти ресурсы хотят заполучить. Не нужно себя накручивать или ассоциировать с кем либо, ты никому и ничего не должен. До тех пор, пока страна в которой ты родился и общество, в котором ты находишься, позволяют тебе развиваться и жить где угодно - живи и развивайся.
А если ты действительно переживаешь о людях в целом, а не о себе и своих близких, то рано или поздно станешь коммунякой, в той или иной мере. Запомни мои слова. Никогда в этом мире не было спокойно и хорошо для всех
As a Ukrainian, I have to say, we don't care much about the effectiveness of sanctions in changing Russian people's minds and we still want them for other reasons. Yes, Russians are the one who could, if united, stop the war, and it would've be an great scenario. However, it's clear, Russian society will not go this way anytime soon. Ukrainians don't really have any hopes or illusions about common Russians. But sanctions are there not only to provoke a regime change but they also make your government poor and thus less able to kill us right now. Russia can't produce any modern technology including weeapons on its own, it's reliant on parts from all over the world and mostly "the West". Another obvious point is that Russia is not entitled to trade with other countries united it respects the international law. You can't invade a neighbor, attempt a genocide and just expect to have business as usual. It's a war, the one that Russia started not someone else, right? Unlike in 2014 or when Russia invaded Georgia, this time Russians are at least getting the message, something is disturbed in their normal comfortable lives. Sanctions seem to be the only thing that made them think and talk about the war at all unlike previous times. Finally, it's been a little over a month, so who knows how long it is going to take before, much like in the 90s, this vast country will be weakened to the point when it will start feeling pressure internally in its constituent republics. Unless anyone is willing to help Ukraine directly in the battlefield, sanctions are the only tool but they can only work if they're harsh enough
So, to extend your logic, if the Russian people are so brainwashed by government propaganda, then it doesn’t really matter what sanctions the West and other countries impose because Putin will demonize them no matter what.
Treating Russia as if it’s all business-as-usual is morally repugnant to democratic nations and even those who are not necessarily democratic, but at least believe in upholding sovereign borders. Are the sanctions maddeningly incomplete? Yes. Will they have some negative impact on ordinary Russians? Yes.
Should the world use the excuse of “well since we’re giving Russia a bunch of money anyway, we might as well give them as much as we always have”? No. Not while Ukrainian cities, towns and villages are being reduced to rubble, kids legs are being blown off, people are being forcibly deported to Russia, mayors are being kidnapped, the elderly are crushed in their cellars, women are being raped and burned, men are being vaporized, and critical infrastructure is being destroyed.
The world should not use it as an excuse now, and not later.
The whole world is having to pay for Putin’s insane war crime filled conquest. This is 100% Putin’s fault and attempts to blame anyone but him only serves his purposes. The sooner he is defeated the better it will be for all.
Thanks great content. BUT you forgot to mention that the real reason the Rubel has started to gain momentum increasing in value, is because when foreign countries buy their oil and gas they will trade only in Rubles. Added to this Russia have linked the price of gold to, yes, the Ruble. They are currently trading gold at under the spot price. This is one big chess game
It "started to gain momentum" only on paper. You cannot exchange roubles to dollars or euros in Russia in official way.
One of the main reason is they are bringing rubles under gold standards and if they also form a petroruble the value is going to go up more.
The "traded in rouble" thing is a bit of a sham. Like normally you'd assume this means that countries must try to find rouble internationally and because of high demand, low supply, raise its value. But what really happened is Putin agreed with Scholz to set up a bank in Russia where the western governments and companies will have rouble valued accounts but can balance them with EUR and USD payments, and the bank will perform the conversion itself, so it's practically business as usual. The rouble value is being held up by lack of an open exchange otherwise, trading being halted.
In the interim, invisible inflation will mount, and will hit hard and become visible when trading reopens or supplies run dry.
@@ShaLun42 doesnt matter now that the west pays in Rubles.
Europe breached all of its contracts when they invalidated the USD and Euro in real time and now the west is paying for oil and LNG at spot market prices which has greatly benefitted Russia with the restoration of the ruble
@@SianaGearz LOL NO buying rubles from foreign exchange constantly will rise ruble value, Its like paying in euros and getting the bill as rubles with the help of third party,
For example A wants to buy in euro and B wants to accept only rubles so A gives euros to C who converts it Rubles and give them to B. Its just like a broker and this was actually planned by Putin not agreed by Scholz. also to do that the member countries should have an account in rubles in Gazprom bank.
The only reason the tap is running is because the oil they are sending are already paid by Europe before April 1.why do you think Europe is preparing for gas shortage.
Russian here, thought most of this is true, it's still poorly researched
For example. We still can use mastercard inside Russia. And there's another payment system called "Mir", which works here and also in a few countries (post soviet union, mostly, turkey, UAE and some more)
And they're "anti-sanctions" which only hurt Russian people
mastercard is blocked in russia, how you can use it?
@@umar7182 That’s what they want you to think.
They don’t only hurt the Russian people, it also hurts the people in the countries that enact these sanctions.
So you and I, a Russian and Canadian are harmed by the sanctions while our governments are barely effected.
I felt the same way, Although i am Nigerian. Russia currency bounced back and Russia is still trading its oil and forcing other nations to pay in rubles. He just overlooked the fact the sanction is not really successful
Do more videos!! They are analytical, in depth and teaches us a great deal!
Was hoping you'd go a bit deeper, especially about the ideas that sanctions could make the war either last longer as Russia might see them as permanent losses, or shorter if it can choke out the Russian war machine
Second of all "The West" isn't really cutting off Russian oil and gas yet, it's mostly just the US and Canada
India, China, Turkey and other still buy Russian oil and gas.
us increase oil import from russia by 40%
Nope 👎🏾 the USA increased their Purchase of Russian gas to 42 percent
North korea has been in total isolation for decades now... everyone expects to wait it out until the regime falls but look at it right now, it doesn't look like it will fall anytime soon. Not only did we isolate a dictatorial north korea, we have forced them to be compeltely self reliant in atleast politics and culture (economics abit question since China has a big role in this). We even increased their paranoia due to the fact that everyone has politically, economically, and culturally isolated north korea; in their eyes we are the enemy and they are the victims. What if this happens to Russia? I mean it obviously already did and has been the case even after the fall of ussr but not to the extent of North Korea. Sanctions are counter intuitive in a global scale, you isolate someone he groes more resentful and paranoid, you increase the chances of aggression and hostility. Where am I getting at? Simple, Sanctions do work on destroying an enemy's pride and will but not the hostility on which it harbours. More isolation= more paranoia. Russia has been isolated for more than 90 years now INCLUDING 1991-2021. They may have western products etc. But their society is still fundamentally integrated on historical paranoia and if we do not solve this issue it will make everything worse
True. The more you isolate a country the more you make bigger problems in the future. Sanctions may work for a short time but will make the sanctioneers pay dearly in the future.
Moreover, now that the west bans rich Russian millionaires, you gonna get a situation like China: the rich stops investing in foreign assets and focuses more on internal welfare. Better yet, EU is accelerating the process of making Ukraine a member so you bet your ass that the normal Russian people are changing their views on this war.
This is 100% true, as an Iraqi who grew up with severe US sanctions, I've seen firsthand how most people just hated the world for isolating us instead of hating the government...also, the fact we got invaded after years of sanctions really shows how well that worked!
Now the number of patriotic people is growing. So the sanctions do exactly the opposite. You can look at the formation of Nazism in Germany and what was the reason for its formation. I hope this will not happen in my country.
and remember, all this Gas , Coal, metals, etcétera, that will be rejected by Europe, will be Welcome in Asiatic Markets, India, Japan, Pakistan, and of course, the big one : China.
men, even by 2023, Japan and South Korea will forget the sanctions, and start to celebrate the party of cheap oil, sponsored by European Sanctions.
(europe, a guy who shots on his own foot)
In video all is right, but unlike EU, US actually sis one thing and does the opposite. F.e. Us has increased their import of oil from Russia 1,5 times. And also has excluded Russian fertilizers from their sanctions list. So EU is suffering but Us is still importing things that are important for them and keep paying Russia (while claiming they are all that unyielding)
Hmm i think EU too increased its energy imports in March by a lot
The EU is still giving Russia ~$1bb per day for gas.
@@shy0k The EU increased gas imports to fill up all the tanks incase Russia cuts off gas supplies in retaliation.
Thats not true. Us banned import of oil from russia
Правильно-будете платить нам.Вы это дерьмо начали,вы за него и платите,мы против вас санкции не вводили,пока вы не стали это делать
Thanks for making explanation videos
I am a historian and I worked for DoD in 1990 when Saddam invaded Kuwait. We were asked if there were any examples, historically, of sanctions working. The only example we could come up with were the sanctions levied against Rhodesia when it was White ruled. That, of course, wasn't one involving invasion. I pointed out, as did others, that the most (relatively speaking) crippling sanctions ever levelled against an invading power were those levelled against Japan by the US ... in the years before Pearl Harbor! I'm not arguing that we shouldn't be levying sanctions against Russia. But, looking at the historical record, I'm hard pressed to come up with an example of sanctions working. NB! Russia is still holding Crimea. Cuba is still Communist. Kims still control North Korea. And the Mullahs still rule Iran.
What about South Africa?
Napoelon invaded Russia because of those sanctions
So, what do you suggest instead?
Yes, SA could be put in the Rhodesia category. But neither case involved a foreign invasion of a recognized sovereign country.
As to alternatives, as I said in my original comment I'm not against sanctions. You have to do something. My point, as a historian, is that they rarely if ever work. And that seems to be what's going on here. Sanctions did not cause Putin to drop his invasion plans. Ordinary Russians will suffer, but, so too did German civilians as their cities were levelled in 1942-1945. But Hitler remained in power until the Allies overran the country. Same was true for Japan. Sanctions hurt the Iraqis, but failed to topple Saddam.
Sanctions are one of the few available options, but I think we need to be honest about what, exactly, they're likely to achieve. And, of course, countries continue to buy Russia's oil and gas at now higher prices.
Nice brief on Sanctions - inline with current geo-political tensions. But the fact remains, Sanctions do not always work the way they are intended too. I mean if West is so much worried about Ukraine and it's people, then show your support by actually not buying or importing goods and services - especially oil, gas, etc - from Russia with immediate effect. Can they do it? Nope, they cannot as they have their vested interests in the situation. Imagine Germany stopping gas import from Russia with immediate effect - common German people will go berserk and can bring down government overnight. Sanctions are meaningless bitter sweetners imposed to affect common people of either sides by so called global powers. Ridiculous!!
even without the oil and gas embargo the sanctions have already destroyed the Russian economy, plus it's just a matter of time when Russian gas n oil will be banned as well
and most Germans will be fine with paying a little bit more for gas to not fund the war 🙄
They are Empire of Lies, dude..
They only care for Ukraine for lips service..
I'm very certain that they wont include Ukraine into NATO, especially after this war devastated their economy..
Even if they did, it's gonna be more chaos for EU to accept a war-torn economy, and if they think Hungary's corrupt, wait until they see Ukraine's corruption..
Can you do a video on India's neutrality? And also that even though india is not buying as much oil as Europeans everyone keeps bashing us. Us just started buying fertilizer for them but if we buy we are anti Ukranian. Why such hypocrisy
Because we are not the West.
West is just hypocrites
I'll upvote your petition.
Well they have to blame someone and take the attention away from them buying billions worth of energy from Russia.
India is tolerant and peaceful so obviously they will target India.
There are a lot of countries in the world, why buy from this one?
@@ShaLun42 no other one is giving attractive discounts on oil.
Decades of sanction on my country (iran) has had only one single effect :
Suffering (economically) of the middle and lower classes of society
I think russia is bound to the same thing
To higher classes of iranian society it has had negligible effect so far
Me personally (im a doctor of medicine so i dont mind little rises in prices) all of this has only fueled my patriotism
Persia and no other (western imperialists) shall dominate the middle east forever
So one important thing that I think you are forgetting in regards to the effectiveness of sanctions is that even if they don't cause regime change, they can dramatically harm a country's ability to both fight with the army they have and reconstitute destroyed units. Examples of this can be seen a few times in history, arguably the most famous one would be the US oil embargo on Japan prior to Pearl Harbor.
Oil embargo on Japan its not exactly a neutral position in a world war
Neither is selling equipment to only one side of the conflict.
@@19ars92
"Oil embargo on Japan its not exactly a neutral position in a world war"
Nobody said it was. Ultimately, Japan got completely and utterly destroyed (and subsequently rebuilt in America's image), and the US rose as a world hegemon - and sanctions were one of the tools of the war used by the US to achieve those goals.
@@roadent217
Nope Japan built on his cultural values
Not americas image
I’m pretty sure you can tell the difference in Japanese and American societies
@@roadent217 Japan rebuilt in America's image ??? Japan barely has anything to do with America other than having a similiar economic model... that's it.
The European Union is rightfully sanctioning Russia for its invasion of Ukraine. But might I ask why the moral case for sanctioning the USA for the firebombing of innocent children in Fallujah and contributing to the death of >1M people in Iraq is any less compelling?
"Whatabout...?"
No, because this is their double standards and hypocrisy.
thEy wErE dOiNg iT fOr thE pUrsuIt Of FreEdOm AnD lIbErTy
Exactly.
Because they brown people
'Look how hard the rouble crashed' - your chart literally shows it recovering back to the pre-crash level...how is that 'working'? 😂
but we cannot buy dollars
@@tdg1981 уже можем!
The actual course does not matter anymore, as it is iliquid. Shops are empty, you cannot buy other currency with it, stock exchange is closed. Even if it was 100x stronger than dollar, you cannot buy a dollar with it, so what is the point.
@@tdg1981 In next decade I deff wouldn't bet on US dollars, this is sad that two Slavic countries are fighting, but enough was enough.
@@andrius307 nah.... there are more backdoor than you think.
I am Lithuanian, my country has suffered tremendously from Russia. The answer to your question, would the sanctions make Putin change his mind about the war, is no. This dictator will do anything to get what he wants, he doesn't care about his people and their lives.
I’ve been waiting on another masterpiece from you Johnny.
ok
Having been to Cuba somewhat recently, I can atest to the sanctions impact on the people of a country more than those in power.
Fidel been sanctioned, all his political life, and remains in the Power, and Iran lives 42 years of sanctions, still functioning.
Globalization has a great cost, if your country or my country in the future has a national interest that against the rest of the world (USA, Europe or China alliance) maybe we will get similar economic sanction like Russia now. So start to think our country, dependency to another.
Russian did very wrong with invading Ukraine but also why when USA invade Afganistan, Iraq, Panama no one give them sanction? It's totally disappointing dude. We need fair and balance relation.
I’d rather get my news from Johnny Harris rather then BBC CNN Fox News Al Jazeera or any news out there
I agree. It's the ordinary people who will suffer the most with this sanctions.
russians are ordinary, and 80% of them are not affected.
It’s always the ordinary people who suffer the most in any form of warfare 😢
That’s especially the point
The usa would gladly let the Russian people starve if it meant a potentially another winter revolution
Well, there is another point to that. The entire world can't just watch and do nothing while Russia invades Ukraine. Ignoring that would mean that they are ok with that, so sanctions are the only measure that they have.
Also, ordinary people's suffer could potentially pressure the government
To be honest, there ain't much effect due to the sanctions. Ordinary citizens are living a normal and an usual life here.
I feel like there was a lot of time spent on the details of the sanctions in this video, but very little on how it can stall the Russian economy and ultimately their ability to wage war (and also the power dynamic between Putin and the oligarchy). I've liked a lot of Harris' stuff on the conflict so far, but this feels tonally different. I hope it reached the audience he was shooting for, though.
Yeah it felt weirdly irreverant, and ignorant or biased. Very strange video compared with how I've experienced the majority of Johnny's work
Detailed yet often wrong and poorly researched, shit video.
Fully agree. I liked his videos but this seemed very poorly researched or constructed and more towards pushing an idea instead of informing people. I am very confused.
There is no power dynamic between Putin and the oligarchy. Putin owns Russia and oligarchs are just his pockets. They don't have any power.
he doesn't know that's why, no one know, he said: "they hope sanctions will work, but they are not sure". How can he say what effect will have if no one knows @_@. If he had the answer i'd be super impressed.
As a note, China isn't an ally of Russia, they're (officially) neutral and it's not fair to say that they're helping Russia by not sanctioning them when 85% of the world aren't sanctioning Russia either
Because we are all victims of our prejudice and of our propaganda so is John
My problem with this video is that, almost half way through the video I can't tell if he is joking. It's absurd to believe that companies of Luxury goods, MacDonald, Apple, Ikea, Spotify, Snapchat, Airbnb, Slack, etc. leaving Russia will have any real economic consequences. These companies just willingly gave out their market share to Chinese equivalent companies which can easily fill these holes. Banning Russia from SWIFT is meant to cause massive devaluation of Ruble and the collapse of Russian economy, but as of today Russian economy is still standing, and Rubles has recovered to its before-war value. It's not a question whether these sanctions will work against Putin - they have already failed.
We need more Johnny Harris’ in the world. I appreciate everything you and your team work on
I think that another role of sanctions is psychological support for Ukraine and Ukrainians who are fighting. If NATO can not and does not send troops and would not impose sanctions, what other ways are there to say "hey, NO-NO on invading your neighbor!" and to say "Ukraine - we are with you!"?
But for the sanctions to work, they must hit what's most important - oil and gas export to EU. I am not an expert, but it seems that RU has not developed any other important form of export, because they can buy what they need from the oil and gas money --> other kind of export sanctions do not really bother Russia or oligarch russians enough
Well North-Korea famously turned democratic, Sudan stopped any funky stuff, Iran stopped their nuclear program, Russia returned Crimea and Japan did not attack any Pearl Harbors whatsoever. So with all those great examples in mind, I think sanctions are really gonna work!
A westerners for the genocide of the natives !
Haah That’s nice)
Your videos are filled with so much information and research, and the visuals really help to make concepts much easier to understanad. Thank you!
Just WOW Johnny!
I don’t need to think twice now before subscribing your channel. Amazing stuff and you nailed it! You know your A game. Very informative.
The use of Sanctions date back to the League of Nations. Lot of debates regarding their effectiveness and efficiency has been ongoing since day one. A great read is The Economic Weapon: The Rise of Sanctions as a Tool of Modern War by Nicholas Mulder
As a Russian - I can say that common man has no chance to influence Putin's mind and sanctions make them hate not Putin, but companies that put those sanctions in place. Because things like Netflix, video game publishers pulling out and such non critical services via internet don't hurt elite in any way or form, only the common citizen. Actions of these companies look like a trend for karma, rather than a rational attempt at stopping the conflict.
there's something to be said for unhappy citizens -> overthrow government, even for place like russia.
idk how much it takes, but they're economy crashing surely is a good one
@@homeyworkey You get arrested for staying with a blank piece of paper here. Morale is non-existent. There won't be an event like breach of Capitole in USA.
And, like I said before - sanctions don't make citizens hate Putin, they just make people more depressed about the future.
There are protests, but they are quickly rounded up, jailed and fined. Not the best prospect.
@@KanaevM
a victim of sanction here. The funny part is They do sanctions the military junta, so prices are high in my country, meanwhile they (democracy and authoritarian countries) are paying junta for oil and gas, and selling them weapons. don't know what are they doing.
But I don't know which is better than sanction. So we are asking more effective sanctions, not double standards sanctions to the so-called democracy countries.
@@homeyworkey except it's russia not the US or the UK where there is a democratic government if you go out to protest you will be shot dead or get disappeared a common man would rather not use netflix or not play cyberpunk 2077 than get shot or sent to prison.
@@homeyworkey Easy to say overthrow governments. Thought about consequences of power vacuum during economic crisis? Want to create another Arab Springs in Europe?
Sanctions are effective if you want to cripple an economy and the people residing in the country, however if you really want any country to stop their actions you must first convince their own people
The only way to stop the russia ukraine war fast... is stop sending ukraine weapons. The more weapons Ukraine get. The longer the war will drag on...
If the nato and usa did not send weapons to ukraine. I swear the war will be over within weeks
Its easy as that~~~
Isn't sanctions a great way to do that?
@@Tomer-oy1hj sometimes it just makes them feel more victimised
Not working out great is it pal. Russia’s ruble is stronger then before the war started.
@@ktttttt and increase their support towards Putin 🤣
"Putin popularity increase to 83% in March compared to 69% in January before invasion and sanction" 😂🤣😂🤣
I wish you went more in-depth regarding the outcome of the sanctions so far and talked more about how effective sanctions are in general throughout history. In February a team of academics published their findings regarding the use of sanctions and their effectiveness. Out of the 170 times sanctions were used they were successful around 30-35% of the time. The Week published the article. Anyone can read the studies findings. In my opinion sanctions tend to make things harder for the working class of people and not so much the rich and people in power.
Johnny is easily my favorite reporter when it comes to ongoing events in our history. Excellent video!! You're a great inspiration to me.
I would like to see a video focused on technology-related sanctions. I think they are the most significant.
You forgot to mention hundreds and thousands of exiles who left Russia on a level unseen since the revolution. Also, we have to remember that Lenin also planned all revolution in exile. So there is a hope that all these brains who left Russia might somehow figure out how to change everything to be able to get home and end this regime
Dude you need to make more episodes
I suppose one major intention is the preventative effect (deterrence).
Society doesn't punish criminals because it will undo their crimes, but to prevent others from treading down the same path. And if it is "pointless" to sanction these regimes because they are hellbent in their ways, isn't it also pointless to punish hardcore criminals that don't care about the reprocussions?
It might be interesting to compare Russian sanctions with Iranian sanctions... Those were also very punishing and eventually lifted due to not striking the right balance of being effective and not hurting the poor.
I just want to point out that we do have one very long running example of how well economic sanctions work as deterrents or agents of social and political reform.
Cuba has been under an almost complete economic embargo by the US since 1962. Let that date really sink in. The embargo is 60 years old. Cuba has been under an embargo for the past six decades. Has anything really changed? Is Cuba, or the rest of the world, for that matter, better off as a result? Imo anwser is a resounding no. The only people really affected, as John says, are Cubans, most of which have no say in political matters.
Also, the recent UN meeting that evicted Russia from the human rights commission just dispelled any notion that the world except China is of the same mind when it comes to the Ukraine war. 93 countries voted yes, 58 abstained, 24 voted no.
That's far from unanimous.
And to top it off? It's not only Russia that suffers from this economic war.
Forget oil and gas. Basic food prices have gone up 13% in less than two months. It's fine if you are a developed country and one of the 20 strongest economies. It's a different story if you are one of the poorest like Burundi, Somalia, or Haiti.
People in those countries were dying of famine long before the Ukraine war. Now? Well, there is no way around it. More people will die out of hunger as a result.
Well said! Sri Lanka and Peru are two other countries going through political turmoil due to inflation. People can't afford to buy food anymore and the two countries are in an upheaval.
Nope prices are rising in G20 countries as well !
They worked in South Africa to end apartheid. Either way, I believe it is good for democracies to do less business with autocracies. It is good for democracies to become more self sufficient and not beholden to dictators.
Well said!
@@EchoBravo370 Okay, and other than South Africa? Any other example?
Well seems like sanctions are working well..........on us in the states lamo
And not helping to stop the war 👍
No sanctions are working. Recently russia shut down all its car and tank building factories.
@@ВтэкМасос Sorry , since you are russian your opinion doesn't matter for me and even for your government.You wrote such a big post means that sanctions really bothers you.
Great video again but just one thing: Ruble is back to its pre-war levels. So for the currency, sanctions are not working yet
Now higher than pre war levels,lol
Putin is the don ❤️🇷🇺
Sad fact: Sanctions has been on iran for 40 years... to the point that russians requested iranian specialists in dodging these sanctions and continuing with their economy.
Iran and russia are different. Russia is more interconnected to the world than iran
And yet everyone talks about Russia :)
@@xalpacazeu1332
True, but you can always learn a thing or two
Its spill blood or money.
Sanctions are all we have and as long as it even eratates Russia , that's better than doing nothing.
The west is a 36 trillion economy ,China and India are not covering Russia's loses.
We waited them out in the last 45 year long cold war we can do it again.
That's true, but Russia is under even more severe sanctions, and Iran was sanctioned before the world was so interdependent.
In addition, Russia is at war right now, which means they need that money, technologies, resources right away.
All in all, sanctions on Russia will have heavier effect on their economy than Iran.
Johnny Harris is just a good guy. He does his research and tells thing how they are. Keep up the amazing work. Big love from the uk 🇬🇧
Poor research on this video…
the good thing about this channel is you are not biased
some YT channels always support USA
they should tell the truth like you