I can think of at least a dozen reasons but I'll give you one: We are in delicate peace negotiations with Russia _right_ now. There is good reason to isolate all foreign policy decisions with that country to those negotiations. It is called doing more than one thing at a time.
We are also in delicate peace negotiations with Ukraine right now, but we still put import taxes on them. If you think that the administration would put more import taxes on Russia after the negotiations are done, then at least you're consistent. I need your other 11+ reasons to be convinced.
If we were in delicate peace negotiations then we should put more pressure on them. Tell them extra tarrifs will be removed if they agree. The main reason there is still war is Putins stubbornness in admitting he started an unwinnable war. More pressure is helpful
This is down from $23B in 2019, and is basically just fertilizer and minerals used to make fertilizer.
Fertilizer is not sanctioned due to the fact it’s needed for food security in the EU (surprise suprise, the EU is not just insecure domestically in terms of military and energy and technology, but also in terms of fertilizers needed to grow food, fantastic governance they have over there…leaving potash mining or nat gas extraction to other countries does look good for those domestic net zero calculations though!).
EU peace is assured by inter-locking trade within the block. Countries within the EU are gently encouraged to trade essential goods with one another instead of producing them themselves.
This policy dates back to the end of WW2 as an attempt to prevent one country getting too aggressive and hence starting another war.
Since the fall of the wall, Russia was seen as a legitimate trading partner for the block and, in the long term (just as Türkiye), as member of the block.
Hence sourcing fertiliser from Russia was taken to be a strategic positive since it tired Russia to Europe.
I think we should be aware of history, that does not imply acceptance nor agreement.
Instead had I said this ten years ago, the majority of politicians in the EU would have been d’accord. What does that imply about our political systems?
There have been a bunch of alliances in Europe over the centuries, none have been permanent.
It was a rational and logical thing to do, assuming Russia wants prosperity. Sadly, it turns out people with power in Russia don't really care about that for regular people.
So... I think it was a good thing after all. It could've worked out, and bring us peace. A moonshot with great payoff but some chance of failing is often a risk worth taking, HN should know that :)
Stealing the assets of countries like Venezuela and Russia caused this to happen by making the rest of the world move off of the dollar to secure their asses. Doing more of them is the dumbest idea that can be proposed.
> Don't start a war against neighbours or other neighbours might get angry
Those other neighbors themselves invaded many countries. They stole the money of other countries. Like Venezuela. They never had their assets stolen. Apparently, they subscribed to none of the moral values and ethics they have been advocating. So that argument doesn't count.
Those are currency reserves. Not the changes in the usage of currencies in international trade. But hey, don't let me disturb the comfortable numbness...
