Loading ...the EU are totally deluded. They seem to think that they can exercise some authority over Russia. The truth is, Biden’s sanctions were just Kabuki theatre, dramatic posturing within a traditional, carefully orchestrated dance. As Trump would say, the EU has no cards to play.
The sanctions haven’t really hurt Russia. Any discomfort Russia has felt is magnified ten times upon Europe. Like America cares about that! No, the sanctions are all Kabuki, looking impressive but designed so that Russia will not retaliate with sanctions of their own. America has enough issues with electricity prices because of the green new deal without risking Russia cutting off uranium supplies. I’ve no idea what sword of Damocles Russia is holding over Belgium, but if the heart of the EU is so scared that it is allying with Budapest on the issue, we know it’s a big one.
We’ve seen how China brought Trump into line over his aggressive tariffs by stopping, or threatening to stop REE exports. Extra tariff income for the first eight months was $195bn, roughly double the normal level. In Trumponomics that’s enough to eliminate income tax, pay everyone a $2,000 tariff dividend, subsidise farmers, eleiminate the deficit and start paying down the national debt.
Nothing is as it seems: or, at least, as they want you to see it.