The Saker:ㅤA Rare Look into Michael Hudson’s Email Inbox – US amazing threats against China and India

the-saker:ㅤa-rare-look-into-michael-hudson’s-email-inbox-–-us-amazing-threats-against-china-and-india

21-05-22 09:52:00,

Dear K C,

China won’t go along with this surrender, will it? This is amazing!

Michael

US Sanction ENFORCEMENT THREATS

Edward Wong and Michael Crowley, “U.S. Aims to Cripple Russian Oil Industry, Officials Say,” The New York Times, May 19, 2022.

BERLIN — The Biden administration is developing plans to further choke Russia’s oil revenues with the long-term goal of destroying the country’s central role in the global energy economy, current and former U.S. officials say, a major escalatory step that could put the United States in political conflict with China, India, Turkey and other nations that buy Russian oil.

The proposed measures include imposing a price cap on Russian oil, backed by so-called secondary sanctions, which would punish foreign buyers that do not comply with U.S. restrictions by blocking them from doing business with American companies and those of partner nations.
As President Vladimir V. Putin wages war in Ukraine, the United States and its allies have imposed sanctions on Russia that have battered its economy. But the nearly $20 billion per month that Russia continues to reap from oil sales could sustain the sort of grinding conflict underway in eastern Ukraine and finance any future aggressions, according to officials and experts.

U.S. officials say the main question now is how to starve Moscow of that money while ensuring that global oil supplies do not drop,

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