True, although one risk is assuming political reversals happen quickly. France shows how public opposition can lock in policy longer than markets expect, even when the economic case looks compelling.
Yes, good points. I should have said to "mitigate the affects of sanctions." And they certainly have done that. I do believe sanctions are largely inefective, since countries will always find to do what's in their own best interets, everyone else be damned. So they will buy Russian energy, and other exports, through 3rd parties if need be.
I read an article here about how India openly said they need to find a way to circumvent the sanctions since they are too dependent on Russia.
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Yes, good points. I should have said to "mitigate the affects of sanctions." And they certainly have done that. I do believe sanctions are largely inefective, since countries will always find to do what's in their own best interets, everyone else be damned. So they will buy Russian energy, and other exports, through 3rd parties if need be.
I read an article here about how India openly said they need to find a way to circumvent the sanctions since they are too dependent on Russia.