Perhaps not quite true, as the US is the major loser in all of this. Sanctions have boosted the price of oil and gas, so Russia has done very well. And more importantly, kicking Russian banks off SWIFT and freezing assets has made the rest of the world realize they must set up their own financial infrastructure now.
"On Friday [March 11], after a videoconference meeting, the Eurasian Economic Union (EAEU) and China agreed to design the mechanism for an independent international monetary and financial system. The EAEU consists of Russia, Kazakhstan, Kyrgyzstan, Belarus and Armenia, is establishing free trade deals with other Eurasian nations, and is progressively interconnecting with the Chinese Belt and Road Initiative (BRI)"
"The Eurasian system is bound to become a serious alternative to the US dollar, as the EAEU may attract not only nations that have joined BRI … but also the leading players in the Shanghai Cooperation Organization (SCO) as well as ASEAN. West Asian actors – Iran, Iraq, Syria, Lebanon – will be inevitably interested."
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Painful to say, but the war is not really all that important. Russia knew how the West would react and needed this reaction to set change in motion on the other chess board....The important ones. The longer the war goes on, the more she wins as the sanction are already hurting the poor in the West. It is only going to get worse. The FED's claim inflation is only temporary is simply not true. Read Bloomberg's article on the effect it will have on food prices. And imagine Europe without Russian gas this winter....
If the French election had been held in 2023 Le Pen might have won. Marcon now only got 53% of the entire electorate behind him. Close call. Many of his votes were anti-Le Pen, not pro Macron. And there is a real chance Trump might make his come back in 2024 if the masses are hurting! Both are pro-Putin...
