The Duran Podcast
Big Biden sanctions on Russia's spooky SHADOW GHOST fleetThe Duran: Episode 2103
Dec 29, 2024
The discussion dives into Biden's potential sanctions on Russia's shadowy shipping fleet, analyzing their impact on global oil prices and the U.S. economy. It critiques the administration's foreign policy as politically motivated, arguing it's harming American living standards. On a deeper level, the podcast highlights Russia's surprising economic resilience despite sanctions, projecting a 4% growth rate. Lastly, it contrasts inflation pressures in Russia with the West, raising important questions about economic stability.
17:56
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Quick takeaways
- Biden's new sanctions target Russia's shadow fleet, reflecting a strategy to raise political stakes and pressure the Kremlin's economy.
- Despite increased sanctions and inflation concerns, Russia's economy shows resilience with projected growth and proactive stabilization measures in place.
Deep dives
Biden's Sanctions Targeting Russia's Shadow Fleet
The upcoming sanctions from Biden's administration will primarily target Russia's shadow fleet, which comprises ships without insurance coverage from London. This move is part of a broader strategy to increase pressure on Russia by sanctioning ship owners who transport Russian oil, marking a shift from previous sanctions that focused mainly on oil pricing. Experts argue that while these sanctions may disrupt the oil trade temporarily, countries like India and China will likely continue trading with Russia, thus diminishing the sanctions' intended impact. Ultimately, this shift may lead to higher global oil prices and inflation, profoundly affecting consumers, particularly in the U.S.
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