Sanctions on Russia for invading Ukraine

Yes, that could also be the concern! There are several different narratives on this issue, and I’m not sure which scenario is most credible.

Anyway, here is a quote:

White House press secretary Jen Psaki had also said the possibility of the US sanctioning Russian oil exports was “still on the table” earlier Wednesday.

Taking such a step would be an extraordinary measure that could have an intense effect on domestic gas prices, however, and Psaki made clear that the White House’s top priority is to minimize the impact at home.

“What (Biden) does not want to do is topple the global oil markets or the global marketplace or impact the American people more with higher energy and gas prices,” Psaki told CNN’s John Berman on “New Day.”

“That’s something we heavily weigh. It’s still on the table. It’s not off the table. But again, that’s how the President looks at this as we’re announcing and pursuing additional steps,” she added.

Is there an impact of current shipping bottlenecks on oil’s fungibility?

Sadly, they are right.

“We support Ukraine completely and totally”

“OK, it will cost you an extra 50 cents per gallon at the pump”

“WHAT? Fuck that noise, I’m voting Democrats out of office”

People are stupid.l

Looks like they are talking about sanctioning all Russian oil exports, not the US imports. Yes, that’s a bigger deal.

Your average private Russian citizen isn’t having his assets seized. Russian billionaires who have influence in government are having their assets seized. Given that they’re all robber barons who have mostly come by their wealth through rampant corruption in the first place, I won’t be shedding any tears over their losses.

Could Turkey seal off the Bosporus indefinitely to all Russian maritime traffic going in and out, and would that be legal/cause for war? That might do a major number on Russia’s trade in the south.

Pretty sure there are maritime treaties requiring Turkey to not block the Black Sea to anyone.

May not hold up though as long as Russia is illegally occupying parts of Ukraine. If you’re a rogue state warring on other, those treaties don’t have to apply.

A naval blockade is a serious step above refusing to buy or sell things.

No argument there, but worrying about the maritime treaties should not be the issue. Only if NATO is ready to escalate things is the issue.

and far short of nuking the sons of bitches. So, seems like a reasonable middle ground.

Haven’t Turkey already done this?

What if we make an nft out of it?

Warships yes.

Commercial shipping - not yet.

I would be in favor of this - and if Russia does not like it, they can take it to an international court, who will hear the case as soon as their military leaves Ukraine.

A blockade is an act of war, this would not be the traditional style of blockade but I think Russia would take it as a blockade nonetheless

Exactly. 100% agree.

Agreed. Russia really can’t complain about anything the civilized world decides to do them while they are committing a totally unjustified war of aggression. Imagine the allies not blocking Japanese maritime trade after Pearl Harbor.

Then stop all commercial traffic because you have had a tip that the ships contain drugs/terrorists/weapons/slave workers. Search them carefully. Very carefully. Could take a long time.

I don’t think that would fool anybody, you can’t do rule - lawyering un this kindnof situation, if Turkey stops all Russian commerce into the Black Sea then the Russians would take it as an act of war no matter the excuses.
I guess Turkey could just start stopping some russian ships and not all, always birdering into actually closing the straits without never doing it completely, but sooner or later the balloon would go up.

Short of dropping a nuke onto Turkey, what’s Putin going to do? Send another column of broken tanks that break down halfway to Turkey?

Russia’s army has had the potemkin village shell torn off. It’s rotten underneath.