The West Declared Economic War on Russia, and Now Russia is Striking Back in a Major Way

by Michael Snyder
The Economic Collapse Blog

Did you think that the Russians were just going to sit back and take whatever economic sanctions that western powers decided to dish out? Of course the Russians were going to strike back, and they definitely have the ability to cause quite a bit of pain. Unfortunately, economic wars have a way of becoming shooting wars, and if leaders on both sides continue to escalate matters we could soon cross a point of no return. As it is, relations between western governments and the Russians have totally broken down. The Russians are never going to forgive us, and western governments are never going to forgive them. So that means that many of the economic “punishments” that are now being implemented are likely to be permanent.

Without a doubt, the sanctions that have been imposed on the Russians have done a lot of harm. The Russian ruble has collapsed, there have been extremely long lines at ATM machines and banks, and economic activity inside the country has been greatly disrupted.

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