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ClassActionFursuit posted:To be fair, if you're freezing the assets of a sovereign nation on a whim you're already 90% of the way there. You've got their money, they can't have it back (until they meet your demands), what's the difference if you start spending it? You've already shown to everyone the system can't be trusted if you piss off the US. You're not wrong, but it is important to understand that the senior careerist leadership on both sides has been largely trained/conditioned to think about this sort of problem in game-theoretic terms. What that means is that I am willing to bet there is still an expectation on the Russian side that when an armistice is eventually reached, whatever the other terms include the restoration of their FX accounts will be part of it. The reason they would have this expectation is that, viewed in this particular framework, the US would be acting totally irrationally with respect to their own strategic objectives and benefit outside of this particular conflict to liquidate Russia's accounts. Just like you and others have noted, it would accelerate the dissolution of US "soft power" with barely any plausible short term benefit. So of course Biden will do it.
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Dec 22, 2023 12:54
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| # ¿ May 19, 2024 16:08 |
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