{"id":36448,"date":"2018-08-05T07:43:59","date_gmt":"2018-08-05T12:43:59","guid":{"rendered":"http:\/\/olduvai.ca\/?p=36448"},"modified":"2018-08-05T07:43:59","modified_gmt":"2018-08-05T12:43:59","slug":"russias-foresight-stands-it-in-good-stead","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=36448","title":{"rendered":"Russia\u2019s Foresight Stands It in Good Stead"},"content":{"rendered":"
\"Russia\u2019s<\/p>\n

Russia\u2019s Foresight Stands It in Good Stead<\/a><\/h3>\n<\/header>\n

Charles Maurice de Talleyrand, the famous French diplomat who served as foreign minister\u00a0for\u00a0Napoleon, said \u201cThe art of statesmanship is to foresee the inevitable and to expedite its occurrence<\/em>.\u201d<\/p>\n

Moscow realized that the US would continue its efforts to strangle Russia economically to make countermeasures inevitable. The Russian government expedited the occurrence by\u00a0taking steps<\/a>\u00a0to lessen the dependence on Washington, including selling off US treasury bills. The ability to foresee the worst scenario and take timely measures to prevent it pays off.<\/p>\n

The recent events show Moscow did the right thing at the right time. Just a few months ago, it got rid of US dollars to increase gold reserves. It\u00a0has taken measures to become almost immune<\/a>\u00a0to Western sanctions with no fiscal deficit, a solid current account balance, and very little debt.<\/p>\n

On August 2, a bill was introduced in the US Senate to impose \u201ccrushing\u201d sanctions on Moscow to include restrictions on new Russian sovereign debt transactions, energy and oil projects and Russian uranium imports, and new sanctions on political figures and businessmen. One package follows another to no avail as the country is well prepared for it with no \u201csoft underbelly\u201d left. There are more steps planned over Russia\u2019s alleged violations of sanctions against North Korea. The vicious circle is unstoppable but the impact has been minimized.<\/p>\n

The US has recently\u00a0imposed sanctions<\/a>\u00a0of Turkish top officials. The well-calculated move not only damaged the bilateral relationship but also made the Turkish lira\u00a0plunge to an all-time low<\/a>. The currency has fallen by over 40 percent since 2016.<\/p>\n

Meanwhile, the US is preparing new sanctions to hit its NATO ally, including what the administration calls \u201clarge sanctions\u2019 or \u201cdesignation packages\u201d to assault Turkey\u2019s economy dependent on foreign investments.<\/p>\n

\u2026click on the above link to read the rest of the article\u2026<\/p>\n","protected":false},"excerpt":{"rendered":"

Russia\u2019s Foresight Stands It in Good Stead Charles Maurice de Talleyrand, the famous French diplomat who served as foreign minister\u00a0for\u00a0Napoleon, said \u201cThe art of statesmanship is to foresee the inevitable and to expedite its occurrence.\u201d Moscow realized that the US would continue its efforts to strangle Russia economically to make countermeasures inevitable. The Russian government […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[5],"tags":[15296,694,1109,8203,827],"class_list":["post-36448","post","type-post","status-publish","format-standard","hentry","category-geopolitics","tag-alex-gorka","tag-russia","tag-sanctions","tag-strategic-culture-foundation","tag-united-states"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/36448","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=36448"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/36448\/revisions"}],"predecessor-version":[{"id":36449,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/36448\/revisions\/36449"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=36448"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=36448"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=36448"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}