Sven Longshanks and Dr Matthew Raphael Johnson compare treatment of Russia to Iran and look at implications for the gold market.
Russian gold is now banned in western countries, but there are more than enough buyers for it in the new Russian markets of China and India and it can always be melted down and restamped.
The threatened embargo on Russian oil will mean either a lifting of oil sanctions on Iran and Venezuela, or permanent high prices and destroyed economies in the west.
With Iran, China and Russia were used for leverage to get the nuclear deal, but who can be used for leverage to get Russia to sign a deal?
Presented by Sven Longshanks and Dr Matthew Raphael Johnson
The Daily Nationalist: Sanctions Stupidity – DN 041422
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