While you may not have been looking, Europe stopped buying Russian oil and gas. And that’s just for starters.
By David Cay Johnston, New Republic
Without firing a shot, President Joe Biden’s team and American allies are successfully waging an economic war against Russia, my analysis of data from the Kremlin and other sources shows.
Vladimir Putin’s economic muscle is fast withering even as his inept generals, demoralized conscripts, and mercenaries recruited from the Gulag fail to gain much ground against the scrappy Ukrainians with their flexible field tactics, superior intelligence gathering, and expanding arsenal of sophisticated American and European weapons.
Russia’s economy, never vibrant, is now in tatters. Russia is pretty much a one-note economy: Fossil fuel exports pay the bills. More than 75 percent of Russian exports are fossil fuels, chemicals, and other products made with fossil fuels…
