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.
The Russians have spent much effort in "sanction proofing" their economy, and they recently struck an alliance with China to offset much of the damage that sanctions will cause. Most importantly, sactions will take a long time to have an impact, longer than the war will likely take.
$IEA is the wind and solar play but many don’t know because it’s in the construction and engineering sector. $250 mil market cap with over $2 billion in revenue.
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Yes, good points. I should have said to "mitigate the affects of sanctions." And they certainly have done that. I do believe sanctions are largely inefective, since countries will always find to do what's in their own best interets, everyone else be damned. So they will buy Russian energy, and other exports, through 3rd parties if need be.
I read an article here about how India openly said they need to find a way to circumvent the sanctions since they are too dependent on Russia.
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The Russians have spent much effort in "sanction proofing" their economy, and they recently struck an alliance with China to offset much of the damage that sanctions will cause. Most importantly, sactions will take a long time to have an impact, longer than the war will likely take.
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$IEA is the wind and solar play but many don’t know because it’s in the construction and engineering sector. $250 mil market cap with over $2 billion in revenue.
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