US President Donald Trump said Friday that Russia had agreed to immediately supply more than 300,000 tonnes of diesel to US and global markets in an effort to cut fuel prices before November’s midterm elections. The move marks a stunning change of policy after the US and its allies hit Russia with waves of sanctions over its invasion of Ukraine.
Archived version: https://archive.is/newest/https://www.france24.com/en/europe/20261009-trump-strikes-diesel-deal-with-putin-reversing-years-of-pressure-on-russia-over-ukraine-war
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I imagine this is what G7 hoped to prevent when they decided to agree on bailing out the US by releasing their oil reserves, and the orange idiot does this still?! G7 should reverse the fuck out of their decision and don’t give the US any oil for this idiotic “deal”. Maybe even put some sanctions onto the US for their support of a nation currently under heavy sanctions.
Anybody can ‘sanction’ anything on paper, but sanctions only matter if the sanctioner has something the sanctioned needs. For example, the US can sanction countries or companies and take away their ability to trade using the US dollar. What does the G7 have that the US needs? This would just backfire and hurt G7 (particularly EU) countries.
Organisations that buy dollar bonds. Sanction that and the usa will crumble.
They’re irrelevant, the Central Bank just buys a bond from Treasury, coupon rate of 0% i.e QE. Japan been doing it with the Yen for decades for example.
zero consequence.
Selling off the bonds alone will have limited effect, as the other commenter said. Selling off the dollars could have a bigger effect, but you’ll need to use gold or something like that for international payments.