The Globalist EU and US sanctions on Russia, Art Basel Paris and tariffs’ impact on the superyacht industry
Oct 24, 2025
Theo Usherwood shares insights on the impact of trade tensions and a provocative ad that stalled US-Canada negotiations. Jenny Mathers discusses the latest EU/US sanctions on Russia, probing their implications for Ukraine. Andrew Muller highlights absurd military mishaps and surreal political antics in 'What We Learned'. Robert E. Kelly examines the APEC tensions and South Korea–US relations, shedding light on significant investment hurdles. The podcast also delves into the vibrant art scene at Art Basel Paris and the shifting dynamics in the superyacht industry.
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Frozen Assets Plan Faces Legal Hurdles
- EU leaders delayed using frozen Russian assets to fund Ukraine because of legal and political concerns, notably from Belgium.
- The delay weakens Kyiv's immediate finances and morale while discussions continue until December.
Sanctions' Impact Depends On Enforcement
- The US sanctioned Rosneft and Lukoil to squeeze Russia's war financing while coordinating with European partners.
- Effectiveness depends on enforcement and whether buyers like China and India keep purchasing Russian oil.
Timing Shapes Sanctions' Political Cost
- Higher oil prices from sanctions could test Western political willingness to keep pressure on Moscow.
- Timing matters: current lower prices (OPEC production) made sanctions easier to impose now.