Ukraine war 7, Sanctions don't work because they create new markets

Good discussion by Mike "Mish" Shedlock. Europe trade with Kyrgyztan jumped to the roof when sanctions were imposed vs Russia.

"lesson of the day. Sanctions don’t work because they create new markets." 

To Those Hard of Learning, Here’s a Repeat Lesson on Why Sanctions Fail

Mike “Mish” Shedlocke, September 26, 2024
https://mishtalk.com/economics/to-those-hard-of-learning-heres-a-repeat-lesson-on-why-sanctions-fail/

From the Draghi report, Russia dark fleet, the "unknown" in gray below. Posted and tweeted by Robin Brooks. 

then a reply by Mike "Mish" Shedlock

@MishGEA

Robin, it's hard not to be amused about your inability to learn anything.

Lesson of the Day: Sanctions Don’t Work Because They Create New Markets

From Mist's article last year,

How Russia Makes a Mockery of US Sanctions in One Picture

December 29, 2023 

https://mishtalk.com/economics/how-russia-makes-a-mockery-of-us-sanctions-in-one-picture/

Russia to Export Coal to India Via Iran. It’s a 4 Alarm Bells Fire

June 11, 2024

https://mishtalk.com/economics/russia-to-export-coal-to-india-via-iran-its-a-4-alarm-bells-fire/

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See also:

Ukraine War 4, Jeffrey Sachs on the need for negotiation, June 30, 2024

Ukraine war 5, Viktor Orban and Donald Trump as potential peace makers, July 05, 2024

Ukraine war 6, Failed EU trade embargo vs Russia, September 07, 2024