Sunday, July 24, 2022

Koon Yew Yin 14 July 2022 - Sanctions on Russia is counter productive

Koon Yew Yin - a philanthropist and one of Malaysia’s best stock pickers.
https://koonyewyin.com/2022/07/17/sanctions-on-russia-is-counter-productive/

NATO countries including US imposed economic sanctions on Russia because of its invasion of Ukraine on 24 February. All NATO countries are discouraged or forbidden to buy Russian products such as oil, gas, wheat and fertilisers. As a result, the prices of oil, gas, wheat and fertilisers has been surging and affected the prices of many other consumer products. That is why I said sanctions on Russia is counterproductive. It is hurting all NATO countries including US. Inflation in US is highest in the last 40 years.

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