Fmr. SEC Chair Jay Clayton Admits Sanctions Are Not Working Against Russia

👀 Fmr. SEC Chair Jay Clayton Admits Sanctions Are Not Working Against Russia

"What's interesting to me is 50,000 [Wagner Group] troops...where is that cash coming from?...The world has found a way to get the resources that Russia is producing and pay for them. Where else would this money be coming from?...You have to have partnerships around the world for sanctions to be effective in global markets. And this is a lesson that we're learning here. And it is a key takeaway for the future."

They would work if for example the companies would find loopholes to circumvent the sanctions like for example rebranding, selling the product from another country (Georgia, Kazhastan...) and in general not being hungry for profits thinking that if they dont sell their competition will.

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