tighten the screws. since then, the us, uk, eu, along with countries including australia, canada and japan have imposed more than the 16,500 sanctions on russia. and just last week, the us and uk imposed a tough new raft of measures. their main target has been russia s money, freezing foreign currency reserves and bank deposits. they have also banned exports of technology for making weapons, banned flights and restricted wealthy business people linked with the kremlin. russia s oil industry has also been another major target. despite the export controls, russia seems to have continued to be able to fund its war machine in ukraine. the economy has largely withstood the shock and is expected to grow by about 1 2% this year according to the international monetary fund. that s partly because it is still selling oil to countries like india and china. and because moscow has been able to impart sanctioned goods by buying them through countries like georgia, belarus and kazakhstan, t
since then, the us, uk, eu, along with countries including australia, canada and japan have imposed more than the 16,500 sanctions on russia. and just last week, the us and uk imposed a tough new raft of measures. their main target has been russia s money, freezing foreign currency reserves and bank deposits. they have also banned exports of technology for making weapons, banned flights and restricted wealthy business people linked with the kremlin. russia s oil industry has also been another major target. despite the export controls, russia seems to have continued to be able to fund its war machine in ukraine. the economy has largely withstood the shock and is expected to grow by about 1 2% this year according to the international monetary fund. that s partly because it is still selling oil to countries like india and china. and because moscow has been able to import sanctioned goods by buying them through countries like georgia, belarus and kazakhstan, there are reports tha
2022, the west further tighten the screws. since then, the us uk- eu, the screws. since then, the us uk eu, along with countries including australia, canada and japan have imposed more than the 16,500 sanctions on russia. and just last week, the us and uk imposed a tough new raft of measures. their main target has been russia s money, freezing foreign currency reserves and bank deposits. they have also banned exports of technology for making weapons, band flights and restricted wealthy business people linked with the kremlin. russia s oil industry has also been another major target. despite the export controls, russia seems to have continued to be able to fund its war machine in ukraine. the economy has largely withstood the shock and is expected to grow by about 1 2% this year according to the international monetary fund. that s partly because it is still selling oil to countries like india and china. and because moscow has been able to impart sanctioned goods by buying t
that would cause a trade war. that would cause a recession. what do you say? well, i think it s a bad idea. a very bad idea. but i m not going to say it will cause a recession. any time you start playing around with retaliatory type trade things it s very likely the other side is going to play, too, that s been the history. the problem for trade, and this is why you need what i would call an instructor in chief, as president, because, you cannot blame anybody that lost their job because their industry moved abroad because there was comparative advantage with some other country, you can t expect any of them to say, i m for free trade because it helps the society as a whole. it does help the society as a whole. but the benefits are very diffuse. you know, i may buy the stocks i have, the underwear i have a few cents cheaper because of the