Isn't the Russian blockade of Ukrainian exports of foodstuffs of a much higher impact? Are there even sanctions on "sanctions on fuel and petroleum derived fertilizers"? I was under the impression that nothing food related was sanctioned.
Re:How bad could the next recession be?
by WastingMyTime89 on Thursday June 30, 2022 @08:45PM
(#31940694)
Russia is not really blocking exports. Each side accuses the other of being responsible. Ukraine put mines around deep water ports but say they can’t be removed because Russia would then use its fleet.
As with every war, nothing is as simple as it seems in Ukraine.
The matter of whether or not the response is justified is another matter, but to clearly understand the economic situation it must be recognized that a choice was made regarding a response, and that choice is what has left us with these repercussions.