Vladimir Putin’s gold strategy explains why sanctions against Russia have failed

Wed, 17 Apr 2024 12:22:19 +1000

Andrew Pam <xanni [at] glasswings.com.au>

Andrew Pam
<https://theconversation.com/vladimir-putins-gold-strategy-explains-why-sanctions-against-russia-have-failed-225748>

"There are more than 16,000 sanctions imposed against Russia. Yet the Russian
economy and war machine grew by 3.6 per cent in 2023 and is projected to grow
another 2.6 per cent in 2024.

Nearly six per cent of Russia’s gross domestic product goes towards military
spending. At a time when Ukrainian President Volodymyr Zelenskyy is scrambling
to acquire arms, funds and recruits, Vladimir Putin seems confident in his
ambitions for the future.

How have 16,000 strategic sanctions issued by some of the most powerful
economies in the world failed to derail Putin?

As I recently watched the news break on CBC about Russia’s robust economy, an
advertisement from the World Gold Council popped onto the screen. And there was
the answer, hiding in plain sight: Gold."

Cheers,
       *** Xanni ***
--
mailto:xanni@xanadu.net               Andrew Pam
http://xanadu.com.au/                 Chief Scientist, Xanadu
https://glasswings.com.au/            Partner, Glass Wings
https://sericyb.com.au/               Manager, Serious Cybernetics

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