by Jerry Bowyer
It’s over. The Russian expansion into the Crimean peninsula is a done deal and the financial sanctions are feather weight. The only real sanctions which might have hurt Russia didn’t happen. Germany didn’t ban energy imports. Doing so would have been like one conjoined twin severing itself from the other as a punishment when each are left equally bleeding.
Regarding the alleged destruction of the Russian payment system, the Wall Street Journal today has the story:
“Russia— Visa Inc. V +0.98% and MasterCard MA +1.14% have reached a compromise agreement with Russian officials that would allow the global card payment companies to continue operating in the country.
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